ICICI Lombard Gen. Q1 net profit zooms 130.19% at Rs 349.03 cr
The company reported standalone net profit of Rs 349.03 crore for the quarter ended June 30, 2022 as compared to Rs 151.63 crore in the same period last year, registering a year-on-year growth of 130.19 per cent. Net revenue of the company rose substantially by 28.18 per cent at Rs 3,468.22 crore in April-June quarter of this fiscal as against Rs 2,705.77 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 14.68 per cent to Rs 3,684.29 crore from Rs 3,212.59 crore in year ago period. Other Income grew by 102.32 per cent at Rs 20.07 crore versus (Jun'21 Rs 9.92 crore). Operating Profit surged by 132.29 per cent to Rs 445.02 crore as against Rs 191.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 81.21 per cent in June quarter. Taxation increased by 132.73 per cent at Rs 116.06 crore (Jun'21 Rs 49.87 crore).
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