ICICI Prudential Life Insurance Company consolidated net profit declines 43.88% in the March 2017 quarter

Sales rise 18.65% to Rs 7526.42 crore

Net profit of ICICI Prudential Life Insurance Company declined 43.88% to Rs 238.40 crore in the quarter ended March 2017 as against Rs 424.77 crore during the previous quarter ended March 2016. Sales rose 18.65% to Rs 7526.42 crore in the quarter ended March 2017 as against Rs 6343.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 19.99% to Rs 1073.82 crore in the year ended March 2017 as against Rs 1342.07 crore during the previous year ended March 2016. Sales rose 16.61% to Rs 22155.25 crore in the year ended March 2017 as against Rs 18998.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales7526.426343.26 19 22155.2518998.70 17 OPM %3.237.69 -4.937.32 - PBDT257.84494.23 -48 1152.641412.42 -18 PBT257.84494.23 -48 1152.641412.42 -18 NP238.40424.77 -44 1073.821342.07 -20

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