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Stock Report
ICICI Lombard General Insurance Company Ltd Q1FY22 PAT at Rs. 151.63 crores
Posted On : 2021-07-22 19:48:34( TIMEZONE : IST )
ICICI Lombard General Insurance Company Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.3246.90 crores during the period ended June 30, 2021 as compared to Rs.3489.39 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.151.63 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.345.68 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.3.32 for the period ended June 30, 2021 as compared to Rs.7.57 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 3246.90 crs | ₹ 3489.39 crs |  -6.95% |
| Net Profit | ₹ 151.63 crs | ₹ 345.68 crs | -56.14% |
| EPS | ₹ 3.32 | ₹ 7.57 | -56.14% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.3246.90 crores during the period ended June 30, 2021 as compared to Rs.2729.67 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.151.63 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.398.10 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.3.32 for the period ended June 30, 2021 as compared to Rs.8.74 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 3246.90 crs | ₹ 2729.67 crs |  18.95% |
| Net Profit | ₹ 151.63 crs | ₹ 398.10 crs | -61.91% |
| EPS | ₹ 3.32 | ₹ 8.74 | -62.01% |
PERFORMANCE FOR THE QUARTER ENDED JUNE 30, 2021
- Gross Direct Premium Income (GDPI) of the Company stood at Rs. 37.33 billion in Q1 FY2022 compared to Rs. 33.02 billion in Q1 FY2021, a growth of 13.0%. This was in line with the industry growth.
- Combined ratio stood at 121.3% in Q1 FY2022 compared to 99.7% in Q1 FY2021 primarily driven by Covid-19 pandemic during the quarter. The Combined ratio includes Covid-19 impact on health book of ₹ 6.02 billion in Q1 FY2022 as against ₹ 0.20 billion in Q1 FY2021 and ₹ 3.39 billion in FY2021.
- Profit before tax (PBT) stood at Rs. 2.02 billion in Q1 FY2022 from Rs. 5.31 billion in Q1 FY2021, registering de growth of 62.1%.
- Capital gains increased to ₹ 2.44 billion in Q1 FY2022 compared to ₹ 0.61 billion in Q1 FY2021.
- Consequently, Profit after tax (PAT) stood at Rs. 1.52 billion in Q1 FY2022 as compared to Rs. 3.98 billion in Q1 FY2021, registering de growth of 61.9%.
- Return on Average Equity (ROAE) was 8.1% in Q1 FY2022 compared to 25.1% in Q1 FY2021.
- Solvency ratio was 2.76x at June 30, 2021 as against 2.90x at March 31, 2021 and higher than the minimum regulatory requirement of 1.50x
Shares of ICICI Lombard General Insurance Company Ltd was last trading in BSE at Rs. 1542 as compared to the previous close of Rs. 1477.9. The total number of shares traded during the day was 24295 in over 3291 trades.
The stock hit an intraday high of Rs. 1551.15 and intraday low of 1477.9. The net turnover during the day was Rs. 37050927.
