ICICI's Insurance Business Arm Stock Soars 5 Per Cen On April 16, After 245 Per Cent Revenue Jump and 121 Per Cent Net Profit Growth In Q4 FY25 Earnings
Earnings per share (EPS) rose to Rs 2.67 from Rs 1.21, reflecting a growth of 120.66 per cen
ICICI Prudential Life Insurance Company Ltd is witnessing strong intraday momentum, trading at Rs 595.80, up Rs 28.20 or 4.97 per cent from the previous close of Rs 567.60. The stock opened higher at Rs 584.30, reflecting positive market sentiment following the release of its Q4 FY25 results. The sharp uptick is being attributed to investor optimism around the company’s earnings performance.
In the Quarterly Results of March 2025, the company reported revenue of Rs 15,687 crore, showing a decline of 30.23 per cent compared to Rs 22,482 crore in March 2024. The operating profit (EBIDT) stood at Rs 415 crore, marking a turnaround from a loss of Rs 278 crore in the same quarter last year. The net profit increased by 121.26 per cent to Rs 385 crore from Rs 174 crore in March 2024. Earnings per share (EPS) rose to Rs 2.67 from Rs 1.21, reflecting a growth of 120.66 per cent.
On a sequential basis, the company’s revenue in March 2025 stood at Rs 15,687 crore, rising by 245.97 per cent from Rs 4,536 crore in December 2024. The operating profit increased by 72.20 per cent to Rs 415 crore from Rs 241 crore in the previous quarter. The net profit grew by 18.46 per cent to Rs 385 crore from Rs 325 crore in December 2024. EPS also improved to Rs 2.67, up 18.67 per cent from Rs 2.25 in the prior quarter.
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ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and the company's website.
Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.