ICICI Lombard General Insurance Company Q2 Results Live : ICICI Lombard General Insurance Company declared their Q2 results on 18 Oct, 2024, showcasing significant growth in both revenue and profit. The company’s topline increased by 16.47% year-over-year, while profit surged by 20.21%. Compared to the previous quarter, revenue grew by 9.93%, and profit saw a rise of 19.57%.
In terms of operational efficiency, the Selling, General & Administrative expenses saw a slight decline of 1.55% quarter-over-quarter, although they increased by 5.81% year-over-year. This indicates a focused approach to managing costs amidst growing revenues.
The company reported an impressive operating income increase of 25.33% quarter-over-quarter and 13.12% year-over-year, reflecting a robust operational performance. Earnings per share (EPS) also saw a notable increase, reaching ₹13.84 for Q2, a rise of 17.11% year-over-year.
Despite a recent dip of -1.9% in stock value over the last week, ICICI Lombard has delivered strong returns of 19.32% over the last six months and an impressive 43.68% year-to-date. The company’s market capitalization currently stands at ₹100,952.7 crore, with a 52-week high of ₹2301.9 and a low of ₹1332.25.
As of 19 Oct, 2024, analysts have mixed opinions on the stock. Out of 22 analysts covering the company, only one has given a ‘Strong Sell’ rating, two have rated it ‘Sell’, six have rated it ‘Hold’, eight have rated it ‘Buy’, and five have given a ‘Strong Buy’ rating. The consensus recommendation is to ‘Buy’, indicating confidence in the company’s future prospects.
ICICI Lombard General Insurance Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 5881.5 | 5350.26 | +9.93% | 5049.7 | +16.47% |
| Selling/ General/ Admin Expenses Total | 448.84 | 455.9 | -1.55% | 424.19 | +5.81% |
| Total Operating Expense | 5214.9 | 4818.4 | +8.23% | 4460.42 | +16.91% |
| Operating Income | 666.6 | 531.86 | +25.33% | 589.28 | +13.12% |
| Net Income Before Taxes | 919.01 | 773.99 | +18.74% | 763.65 | +20.34% |
| Net Income | 693.95 | 580.37 | +19.57% | 577.27 | +20.21% |
| Diluted Normalized EPS | 13.84 | 11.22 | +23.37% | 11.82 | +17.11% |
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