This fall FY25 Outcomes Replace: ICICI Lombard Normal Insurance coverage on Tuesday reported a combined set of outcomes for the ultimate quarter of FY25. Its standalone internet revenue stood at Rs 510 crore, marking a year-on-year fall of 1.9 per cent, whereas its premium earned elevated 19.6 per cent to Rs 5,226 crore, in response to a regulator submitting post-market hours on Tuesday.
Zee Enterprise analysts had pegged ICICI Lombard’s quarterly internet revenue at Rs 510 crore and its premium earned at Rs 5,050 crore.
Here is how numerous brokerages view ICICI Lombard after the discharge of the non-public sector normal insurance coverage firm’s newest earnings report:
Morgan Stanley downgrades ICICI Lombard to ‘Equal-weight’ from ‘Chubby’, cuts goal by Rs 205
The brokerage has downgraded ICICI Lombard to ‘equal-weight’ from ‘chubby’ whereas revising its goal value for the inventory to Rs 1,855 from the sooner Rs 2,060.
Jefferies maintains ‘purchase’ on ICICI Lombard however cuts goal value by Rs 10
Jefferies has reinstated its ‘purchase’ name on ICICI Lombard shares with a decrease goal value of Rs 2,170 apiece, as an alternative of the sooner Rs 2,180.
The insurer’s quarterly revenue fell wanting the brokerage’s estimates owing to decrease working earnings in addition to funding revenue.
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Citi continues with ‘promote’ score on ICICIGI, raises goal value by Rs 90
Citi has maintained its ‘promote’ name on ICICI Lombard after the earnings announcement.
Macquarie maintains ‘outperform’ on ICICI Lombard
The brokerage has maintained its ‘outperform’ name for the inventory with a goal of Rs 2,255.
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