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The Economic Times
The Economic Times
Surbhi Khanna

ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hit

ICICI Lombard ICICI Lombard General Insurance Insurance

Shares of ICICI Lombard General Insurance plunged 15% to an intraday low of Rs 1,544 on Thursday after the company reported a 46% year-on-year decline in Q1 FY27 net profit.

According to a filing with the exchange, the profit after tax for the general insurer fell to Rs 403 crore for the first quarter from Rs 747 crore a year earlier. The company further said that, excluding the impact of the two large losses in the fire segment and the judgment of the Honourable Supreme Court on the Motor TP portfolio, the PAT shrunk 23% and stood at Rs 575 crore in Q1 FY2027.

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