ICICI Lombard Reports Record Q3 FY24-25 Results with Strong Growth Across Key Metrics
ICICI Lombard General Insurance Company announced its third-quarter financial results for FY24-25, highlighting record net sales of Rs 6,161.11 crore and an operating profit of Rs 962.24 crore. Key metrics, including profit before tax and earnings per share, showed significant year-on-year growth, indicating strong operational performance.
ICICI Lombard General Insurance Company has reported its financial results for the third quarter of FY24-25, with the announcement made on January 17, 2025. The company achieved record net sales of Rs 6,161.11 crore, reflecting consistent growth over the last five quarters. Operating profit reached a notable Rs 962.24 crore, indicating a positive trend in operational efficiency.The operating profit margin improved to 15.62%, suggesting enhanced efficiency within the company. Profit Before Tax (PBT) was reported at Rs 962.24 crore, showcasing a significant year-on-year growth of 73.45%. Similarly, Profit After Tax (PAT) reached Rs 724.38 crore, with a year-on-year increase of 67.9%.
Earnings per Share (EPS) also demonstrated an upward trend, hitting Rs 14.63, the highest in the last five quarters. Overall, ICICI Lombard's financial metrics reflect a robust performance, with positive trends across key indicators, reinforcing its position in the finance and non-banking financial company (NBFC) sector. The company has undergone evaluation changes, leading to a revision in its score.
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