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ICICI Lombard General Insurance Company Ltd reports Rs. 345.68 crore PAT in Q4FY21

Posted On: 2021-04-17 11:54:26 (Time Zone: UTC)


ICICI Lombard General Insurance Company Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3489.39 crores during the period ended March 31, 2021 as compared to Rs.3058.91 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.345.68 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.313.53 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.7.57 for the period ended March 31, 2021 as compared to Rs.6.87 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 3489.39 crs₹ 3058.91 crsUp Tick 14.07%
Net Profit₹ 345.68 crs₹ 313.53 crsUp Tick 10.25%
EPS₹ 7.57₹ 6.87Up Tick 10.19%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3489.39 crores during the period ended March 31, 2021 as compared to Rs.2850.79 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.345.68 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.281.93 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.7.57 for the period ended March 31, 2021 as compared to Rs.6.19 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 3489.39 crs₹ 2850.79 crsUp Tick 22.4%
Net Profit₹ 345.68 crs₹ 281.93 crsUp Tick 22.61%
EPS₹ 7.57₹ 6.19Up Tick 22.29%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.12161.37 crores during the 12 months period ended March 31, 2021 as compared to Rs.11052.76 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1473.05 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.1193.76 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.32.27 for the 12 months period ended March 31, 2021 as compared to Rs.26.19 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 12161.37 crs₹ 11052.76 crsUp Tick 10.03%
Net Profit₹ 1473.05 crs₹ 1193.76 crsUp Tick 23.4%
EPS₹ 32.27₹26.19Up Tick 23.21%

- Gross Direct Premium Income (GDPI) of the Company stood at ₹ 140.03 billion in FY2021 compared to ₹ 133.13 billion in FY2020, growth of 5.2%. This was in line with the industry growth.

- GDPI of the Company stood at ₹ 34.78 billion in Q4 FY2021 compared to ₹ 31.81 billion in Q4 FY2020, growth of 9.4%. The industry growth for Q4 FY2021 was 14.0%.

- Combined ratio stood at 99.8% in FY2021 compared to 100.4% in FY2020.

- Combined ratio stood at 101.8% in Q4 FY2021 compared to 100.1% in Q4 FY2020.

- Profit before tax (PBT) grew by 15.1% to ₹ 19.54 billion in FY2021 from ₹ 16.97 billion in FY2020 whereas PBT grew by 21.4% to ₹ 4.50 billion in Q4 FY2021 as compared to ₹ 3.71 billion in Q4 FY2020.

- Capital gains were at ₹ 3.59 billion in FY2021 compared to ₹ 1.99 billion in FY2020. Capital gains were at ₹ 0.66 billion in Q4 FY2021 compared to ₹ 0.95 billion in Q4 FY2020.

- Profit after tax (PAT) grew by 23.4% to ₹ 14.73 billion in FY2021 compared to ₹ 11.94 billion in FY2020.

- PAT grew by 22.6% to ₹ 3.46 billion in Q4 FY2021 from ₹ 2.82 billion in Q4 FY2020.

- The Company paid an interim dividend of ₹ 4.00 per share during the year. The Board of Directors of the Company has proposed final dividend of ₹ 4.00 per share for FY2021. The payment is subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. The overall dividend for FY2021 including proposed final dividend is ₹ 8.00 per share.

- Return on Average Equity (ROAE) was 21.7% in FY2021 compared to 20.8% in FY2020.

- ROAE was 18.8% in Q4 FY2021 compared to 18.8% in Q4 FY2020.

- Solvency ratio was 2.90x at March 31, 2021 as against 2.76x at December 31, 2020 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.17x at March 31, 2020.

Shares of ICICI Lombard General Insurance Company Ltd was last trading in BSE at Rs.1423 as compared to the previous close of Rs. 1388.05. The total number of shares traded during the day was 18587 in over 2015 trades.

The stock hit an intraday high of Rs. 1426.95 and intraday low of 1385. The net turnover during the day was Rs. 26237334.


Source: Equity Bulls

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