*ICICI Lombard General Insurance Co. Ltd. - S* | *CMP* Rs. 1244 | *M Cap* Rs. 56524 Cr | *52 W H/L* 1285/757
(Nirmal Bang Retail Research)
*Result is ok*
Net Premiums earned came at Rs. 2356.9 Cr vs YoY Rs. 2222 Cr, QoQ Rs. 2244.9 Cr
Company market share has declined as company is intensionally reducing Agri business.
Operating Profits came at Rs. 373.2 Cr vs YoY Rs. 327.5 Cr, QoQ Rs. 374.3 Cr
PAT came at Rs. 307.9 Cr vs YoY Rs. 292.4 Cr, QoQ Rs. 309.8 Cr
Combined Ratio came at 102.6% vs YoY 101.1%, QoQ 100.4%
Higher combine ratio is on account of higher claim ration in Qtr on account of flood and higher expense ratio where company is increasing people for future.
Quarter EPS is Rs. 6.8
Share is trading at P/E of 39.5x FY 20E EPS & 9.8x trailing P/BV