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ICICI Prudential Life Insurance Company Ltd consolidated Q3 net profit at Rs. 301.77 crores

Posted On: 2020-01-21 14:19:35

ICICI Prudential Life Insurance Company Ltd has reported financial results for the period ended December 31, 2019.

Financial Results (Q3 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.12946.62 crores during the period ended December 31, 2019 as compared to Rs.8209.08 crores during the period ended September 30, 2019.

The company has posted net profit of Rs.301.77 crores for the period ended December 31, 2019 as against Rs.301.84 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.10 for the period ended December 31, 2019 as compared to Rs.2.10 for the period ended September 30, 2019.

FinancialsQ3 FY19-20Q2 FY19-20% Change
Total Income₹ 12946.62 crs₹ 8209.08 crsUp Tick 57.71%
Net Profit₹ 301.77 crs₹ 301.84 crsDown Tick -0.02%
EPS₹ 2.10₹ 2.10 0%

Financial Results (Q3 FY19-20) - YoY Comparison

The company has reported net sales of Rs.12946.62 crores during the period ended December 31, 2019 as compared to Rs.8648.28 crores during the period ended December 31, 2018.

The company has posted net profit of Rs.301.77 crores for the period ended December 31, 2019 as against Rs.296.43 crores for the period ended December 31, 2018.

The company has reported EPS of Rs.2.10 for the period ended December 31, 2019 as compared to Rs.2.06 for the period ended December 31, 2018.

FinancialsQ3 FY19-20Q3 FY18-19% Change
Total Income₹ 12946.62 crs₹ 8648.28 crsUp Tick 49.7%
Net Profit₹ 301.77 crs₹ 296.43 crsUp Tick 1.8%
EPS₹ 2.10₹ 2.06Up Tick 1.94%

Financial Results (9 months ended FY 19-20) - YoY Comparison

The company has reported net sales of Rs.29587.78 crores during the 9 months period ended December 31, 2019 as compared to Rs.25346.37 crores during the 9 months period ended December 31, 2018.

The company has posted net profit of Rs.888.25 crores for the 9 months period ended December 31, 2019 as against Rs.877.91 crores for the 9 months period ended December 31, 2018.

The company has reported EPS of Rs.6.18 for the 9 months period ended December 31, 2019 as compared to Rs.6.11 for the 9 months period ended December 31, 2018.

Financials9 months FY19-209 months FY18-19% Change
Total Income₹ 29587.78 crs₹ 25346.37 crsUp Tick 16.73%
Net Profit₹ 888.25 crs₹ 877.91 crsUp Tick 1.18%
EPS₹ 6.18₹6.11Up Tick 1.15%

Mr. Kannan further said, "Protection business grew by 66% year on year in the nine months of this financial year, based on our innovative products backed by technology, strong brand, seamless customer on-boarding and best-in-class claim settlement process. During the quarter, we introduced an innovative protection product, Precious Life, the industry's first term plan specifically designed for customers who find it difficult to get access to life cover due to existing health conditions. Our other focus area, annuity business, also grew by 88% in the same period. To ease the life verification process for senior citizens, we recently introduced instant Digital Life Verification for our annuity customers."

Shares of ICICI Prudential Life Insurance Company Ltd was last trading in BSE at Rs.488.4 as compared to the previous close of Rs. 481.6. The total number of shares traded during the day was 43398 in over 1367 trades.

The stock hit an intraday high of Rs. 493.5 and intraday low of 482.05. The net turnover during the day was Rs. 21203626.


Source: Equity Bulls

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