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Q4 FY25 Results Update: ICICI Lombard General Insurance Company (ICICIGI) on Tuesday reported a mixed set of results for the final quarter of FY25. Its standalone net profit stood at Rs 510 crore, marking a year-on-year fall of 1.9 per cent, whereas its premium earned increased 19.6 per cent to Rs 5,226 crore, according to a regulator filing post-market hours on Tuesday.
Zee Business analysts had pegged ICICI Lombard’s quarterly net profit at Rs 510 crore and its premium earned at Rs 5,050 crore.
Here's how various brokerages view ICICI Lombard after the release of the private sector general insurance company's latest earnings report:
The brokerage has downgraded ICICI Lombard to 'equal-weight' from 'overweight' while revising its target price for the stock to Rs 1,855 from the earlier Rs 2,060.
Jefferies has reinstated its 'buy' call on ICICI Lombard shares with a lower target price of Rs 2,170 apiece, instead of the earlier Rs 2,180.
The insurer's quarterly profit fell short of the brokerage's estimates owing to lower operating profits as well as investment income.
Citi has maintained its 'sell' call on ICICI Lombard after the earnings announcement.
The brokerage's target now stands at Rs 1,540 for the insurance stock, instead of the earlier Rs 1,450.
The brokerage has maintained its 'outperform' call for the stock with a target of Rs 2,255.
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