Investing.com - ICICI Lombard reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ICICI Lombard announced earnings per share of ₹12.00 on revenue of ₹38.37. Analysts polled by Investing.com anticipated EPS of ₹7.47 on revenue of ₹36.89B.
ICICI Lombard shares are down 17.87% from the beginning of the year, still down 25.67% from its 52 week high of ₹1,548.25 set on November 16, 2021.
ICICI Lombard follows other major Financial sector earnings this month
ICICI Lombard's report follows an earnings missed by ICICI Prudential Life Insurance on Tuesday, who reported EPS of ₹1.39 on revenue of ₹95.85B, compared to forecasts EPS of ₹2.8 on revenue of ₹105B.
Muthoot Finance had missed expectations on August 12 with third quarter EPS of ₹20.4 on revenue of ₹25.09B, compared to forecast for EPS of ₹26.3 on revenue of ₹21.7B.
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