27 May 2019 | 12:25 AM

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COMPANYNEWS
ICICI Lombard Gen. Q4 net profit up 7.49% at Rs 227.73 cr
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Published on 04-19-2019
The company reported standalone net profit of Rs 227.73 crore for the quarter ended March 31 2019 as compared to Rs 211.87 crore in the same period last year registering a year-on-year growth of 7.49 per cent.


Net revenue of the company rose substantially by 23.46 per cent at Rs 296.74 crore in January-March quarter of this fiscal as against Rs 240.35 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 84.10 per cent to Rs 65.06 crore from Rs 35.34 crore in year ago period.


Other Income grew by 4414.29 per cent at Rs 3.16 crore versus (Mar`18 Rs 0.07 crore).


Operating Profit surged by 19.23 per cent to Rs 342.33 crore as against Rs 287.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.42 per cent in March quarter.


Taxation increased by 56.37 per cent at Rs 117.76 crore (Mar`18 Rs 75.31 crore).