Q4 Earnings Impact: Ireda, ICICI Prudential See Green While ICICI Lombard Falls 4%
While Ireda shares rallied close to 7% on Wednesday morning trade, ICICI Lombard took a hit among companies that announced their results post market hours on Tuesday.
Shares of Indian Renewable Energy Development Agency Ltd., ICICI Lombard General Insurance Co., ICICI Prudential Life Insurance Co., were in focus on Wednesday, after the companies announced their fourth quarter results.
Ireda shares rose the most, while ICICI Lombard fell the most, among the companies that announced their results for quarter ended March.
ICICI Prudential (Consolidated, YoY)
Share price rises 5.79% at Rs 600.
Net premium income up 10.7% At Rs 16,369 crore versus Rs 14,788 crore.
Net Profit at Rs 385 crore versus Rs 174 crore.
AUM up 5.2% at Rs 3.09 lakh crore versus Rs 2.94 lakh crore.
Solvency Ratio at 212.2% versus 211.8% (QoQ).
Board recommends final dividend of Rs 0.85/share.
Ireda (Consolidated, YoY)
Share price rises 7.50% at Rs 179.50.
Total income up 37.7% at Rs 1,916 crore versus Rs 1,392 crore.
Net profit up 48.7% At Rs 502 crore versus Rs 337 crore.
ICICI Lombard (YoY)
Share price falls 4.22% at Rs 1,745.60.
Net Premium earned up 19.6% at Rs 5,226 crore versus Rs 4,368 crore.
Net Profit down 1.9% At Rs 510 crore versus Rs 520 crore.
Board recommends final dividend of Rs 7.0/share.
