Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· H1 Gross Direct Premium Income (GDPI): ₹ 12,472 Cr · Q2 Gross Direct Premium Income (GDPI): ₹ 6,086 Cr · H1 Growth: 18.2% YoY
· Profit Before Tax (PBT): ₹ 1,284 Cr · H1 Growth: 19.4% · H1 Net Profit (PAT): ₹ 968 Cr · H1 Growth: 3% YoY · H1 Return on Average Equity (ROAE): 18%
· Overall expenses shot up by 11.62%, to ₹ 4,452.02 · Gross Direct Premium Income (GDPI) rose by 17.4% YoY to ₹ 6,086 Cr
The company’s Board of Directors declared an interim dividend of ₹ 5 per share for H1 FY2023-24, an increase of ₹ 0.50 per share from H1 FY2022-23
Source: ICICI Lombard Press Release – Q2 FY’24 Report