ICICI Lombard – Q4
APE (Annualized Premium Equivalent): ₹3,502 Cr 📉 (▼ 7.3% vs ₹3,776 Cr estimate)
Value of New Business (VNB): ₹795 Cr 📉 (▼ 3.4% vs ₹823 Cr estimate)
VNB Margin: 22.7% 📈 (▲ 0.9% vs 21.8% estimate)
Net Profit: ₹509.6 Cr 📉 (▼ 1.9% YoY vs ₹520 Cr)
Gross Premium: ₹6,903.9 Cr 📈 (▲ 10.2% YoY vs ₹6,263.1 Cr)
Operating Profit: ₹415.9 Cr 📉 (▼ 25.9% YoY vs ₹561.6 Cr)
Underwriting Loss: ₹209.7 Cr 📉 (▼ 11% YoY vs ₹235.6 Cr loss)
Combined Ratio: 102.5% 📈 (▲ 0.2% YoY vs 102.3%)
Overall Verdict: ICICI Lombard’s Q4 results reflect mixed performance—while gross premiums and VNB margin showed strength, net and operating profits declined, and underwriting losses narrowed slightly.
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IREDA – Q4 Earnings Highlights
Net Profit: ₹501.6 Cr 📈 (▲48.7% vs ₹337 Cr YoY)
Net Interest Income (NII): ₹801.3 Cr 📈 (▲47.3% vs ₹544.1 Cr YoY)
Overall Verdict: Stellar quarter for IREDA – strong YoY growth in both profit and NII signals robust demand and operational strength in the renewable lending space.
