Q3 Results On Jan 13: Check Estimates For ICICI Lombard And Tata Elxsi

ICICI Lombard General Insurance Company and Tata Elxsi Limited are set to announce their financial results for the third quarter on Tuesday, January 13.

ICICI Lombard Q3 Estimates

ICICI Lombard’s net profit is anticipated to increase by 10% year-over-year to Rs 800 crore, although it may experience a 2.6% decline compared to the previous quarter, based on a consensus estimate compiled by NDTV Profit.

The company’s New Business Premium (NBP) is expected to rise to Rs 5,791 crore. This marks a 15% year-on-year growth and a 2% sequential increase. This growth reflects sustained strong demand and consistent underwriting activity.

Operational efficiency could improve, with the combined ratio projected to decrease by 89 basis points sequentially to 104.3%. This indicates better cost and risk management despite remaining slightly elevated.

Growth prospects are likely supported by:

  • Improvements in the health insurance segment following the GST exemption on retail health policies
  • An increase in motor sales

Tata Elxsi Q3 Estimates

Tata Elxsi is forecasted to report a 3.5% sequential increase in revenue from operations to Rs 950 crore, according to consensus estimates from Bloomberg.

The company’s net profit is expected to rise to Rs 174 crore from Rs 155 crore in the previous quarter.

Furthermore, earnings before interest and tax (EBIT) are anticipated to grow by 10% to Rs 187 crore from Rs 170 crore. The EBIT margin is expected to expand to 19.7% from 18.5%.

Other Companies Reporting Q3 Results on January 13

In addition to ICICI Lombard and Tata Elxsi, the following companies are scheduled to release their financial results for the October-December quarter on the same day:

  • Bank of Maharashtra
  • Just Dial Ltd.
  • ICICI Prudential Life Insurance Company

Key Takeaways

  • ICICI Lombard’s net profit is expected to rise 10% year-over-year to Rs 800 crore.
  • New Business Premium for ICICI Lombard projected to grow 15% annually to Rs 5,791 crore.
  • Tata Elxsi forecasts a 3.5% sequential revenue increase to Rs 950 crore.
  • Tata Elxsi’s net profit and EBIT margin are anticipated to improve noticeably.
  • Several other major companies, including Bank of Maharashtra and Just Dial, will also announce Q3 results on January 13.