Q4 results today: ICICI Pru Life, IREDA among 9 companies to announce earnings on Tuesday

Synopsis

ICICI Lombard and ICICI Prudential Life are set to announce their Q4 results, with analysts anticipating a 10% YoY APE growth for ICICI Pru Life, reaching Rs 3,312 crore. ICICI Lombard's total income is expected to grow by 5% to Rs 5430 crore, driven by moderate NEP growth.

The fourth quarter results are underway and some big earnings are scheduled for this week. To kickstart on Tuesday are the earnings from ICICI Lombard, ICICI Prudential Life and IREDA.

Apart from the above, Delta Industrial Resources, GM Breweries, Hathway Bhawani Cabletel and Datacom, MRP Agro and Swastik Safe Deposit and Investments will also announce their results.

ICICI Pru Life Q4 expectations

For ICICI Prudential Life, analysts are expecting an APE growth of 10% year-on-year (YoY) to Rs 3,312 crore, while the VNB (value of new business) is seen at Rs 919 crore.

"The company reported flat APE trends YoY in the first two months of the quarter. The high base of March 2024 will likely weigh in on March volumes," said Kotak Equities.

The management commentary on growth in protection and pension products will be watched along with guidance on any change in ICICI Bank's strategy. Focus will also be on margins for the second half and beyond.

The VNB margins are also likely to be muted owing to high share of ULIPs and lower growth. Meanwhile, analysts say the share of linked products to remain elevated on the back of group savings.

ICICI Lombard Q4 expectations

The total income for ICICI Lombard is likely to grow 5% to Rs 5430 crore in the fourth quarter.

"NEP growth is likely to be moderate, led by 1/n accounting and weak auto sales. Market share in the auto segment continues to improve. Loss ratios expected to improve sequentially, led by seasonal trends. Combined ratio to be elevated due to 1/n accounting," said Motilal Oswal.

"CoRs are likely to deteriorate due to changed accounting in long term policies. Management did not give any specific guidance on CoR as impact of new accounting method on distributor payouts continues to evolve," said Nuvama.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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