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ICICI Prudential Life Insurance Company reports 29% fall in Q3 consolidated net profit

19 Jan 2023 Evaluate

ICICI Prudential Life Insurance Company has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 28.97% in its net profit at Rs 220.63 crore for the quarter under review as compared to Rs 310.62 crore for the same quarter in the previous year. However, total income of the company increased 77.74% at Rs 17535.13 crore for Q3FY23 as compared to Rs 9865.34 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 28.99% in its net profit at Rs 221.56 crore for the quarter under review as compared to Rs 312.00 crore for the same quarter in the previous year. However, total income of the company increased 77.74% at Rs 17535.13 crore for Q3FY23 as compared to Rs 9865.34 crore for the corresponding quarter previous year.

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