ICICI Lombard General Insurance Company standalone net profit declines 9.60% in the March 2022 quarter

Sales rise 26.82% to Rs 3317.78 crore

Net profit of ICICI Lombard General Insurance Company declined 9.60% to Rs 312.51 crore in the quarter ended March 2022 as against Rs 345.68 crore during the previous quarter ended March 2021. Sales rose 26.82% to Rs 3317.78 crore in the quarter ended March 2022 as against Rs 2616.22 crore during the previous quarter ended March 2021.

For the full year,net profit declined 13.72% to Rs 1271.01 crore in the year ended March 2022 as against Rs 1473.05 crore during the previous year ended March 2021. Sales rose 30.14% to Rs 13032.09 crore in the year ended March 2022 as against Rs 10013.99 crore during the previous year ended March 2021.

 

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales3317.782616.22 27 13032.0910013.99 30 OPM %-11.17-0.59 -6.7014.56 - PBDT410.45450.11 -9 1683.521953.95 -14 PBT410.45450.11 -9 1683.521953.95 -14 NP312.51345.68 -10 1271.011473.05 -14

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