ICICI Lombard Shares Slide Nearly 15% After Weak Q1 Earnings

shares fell as much as 14.88% in morning trade following a weak Q1 performance. The company reported a 46% year-on-year decline in net profit to ₹403.2 crore from ₹747.1 crore. Operating profit dropped 64.3% to ₹233.8 crore, while underwriting losses widened significantly to ₹629.88 crore from ₹293.14 crore. Despite the weak profitability, net premium earned increased 15.8% to ₹5,950 crore and net commission rose 32.9% to ₹1,250.2 crore, reflecting continued business growth. Investors reacted negatively to the sharp decline in earnings and margin pressure. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.