Shares of ICICI Lombard General Insurance dropped sharply by 3.47% to Rs 1,759.40 in Tuesday’s early trade after the company reported a 2% year-on-year (YoY) decline in net profit to Rs 510 crore for the fourth quarter ended March 31, 2025, compared to Rs 520 crore in the same quarter last year.
Despite the profit dip, the company’s total income rose 13.3% YoY to Rs 5,851 crore from Rs 5,165 crore in Q4FY24. Additionally, the gross direct premium income saw a marginal increase of 2.3% YoY, reaching Rs 6,211 crore from Rs 6,073 crore a year ago.
In a positive development, ICICI Lombard’s solvency ratio improved to 2.69 times as of March-end 2025, up from 2.62 times a year earlier, and remains comfortably above the regulatory minimum requirement of 1.5 times.
The Board of Directors has recommended a final dividend of Rs 7 per equity share (70% of face value) for FY25.
As of the latest update:
- Previous close: Rs 1,822.60
- Current price: Rs 1,759.40
- Market cap: Rs 87,218 crore
- Day’s range: Rs 1,759.40 – Rs 1,759.40
The stock reaction suggests investor concerns around the marginal drop in profitability despite top-line growth.
