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ICICI Prudential Life Insurance Company consolidated net profit declines 16.65% in the March 2018 quarter

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Capital Market

Sales rise 15.01% to Rs 8655.82 crore

Net profit of ICICI Prudential Life Insurance Company declined 16.65% to Rs 340.26 crore in the quarter ended March 2018 as against Rs 408.24 crore during the previous quarter ended March 2017. Sales rose 15.01% to Rs 8655.82 crore in the quarter ended March 2018 as against Rs 7526.42 crore during the previous quarter ended March 2017.

For the full year,net profit declined 3.72% to Rs 1619.17 crore in the year ended March 2018 as against Rs 1681.66 crore during the previous year ended March 2017. Sales rose 21.01% to Rs 26810.68 crore in the year ended March 2018 as against Rs 22155.25 crore during the previous year ended March 2017.

 
ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales8655.827526.42 15 26810.6822155.25 21 OPM %3.585.39 -6.307.75 - PBDT408.51449.05 -9 1838.971863.24 -1 PBT408.51449.05 -9 1838.971863.24 -1 NP340.26408.24 -17 1619.171681.66 -4

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First Published: Apr 25 2018 | 2:22 PM IST

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