ICICI Prudential Life Q1FY24 Results: Consolidated PAT Drops to Rs. 206.19 Cr

ICICI Prudential Life Q1FY24 Results: Consolidated PAT of Rs. 206.19 Cr

ICICI Prudential Life Q1FY24 Results:

ICICI Prudential Life Q1 results show revenue up from 11499.84 crores to 23541.21 crores, a 104.71% increase in growth. EPS down from ₹1.63 to ₹1.43, down by -12.27%.

First, Let’s Begin with Quarter-on-Quarter Basis:

ICICI Prudential Life shared its Q1 results on Tuesday. They earned 23541.21 crores in revenue this quarter, but that’s more than the 11499.84 crores they made last quarter. The company’s growth increased by 104.71 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 206.19 crores, down from 235.26 crores in the previous quarter. Their quarter-to-quarter growth decreased by -12.36 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.43, which is a decrease of -12.27% from the ₹1.63 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 23541.21 crores this year (2023), which is 1,711.10 percent higher/lower than last year’s total revenue of -1,711.10 crores.

This year’s PAT (Profit After Tax) is 206.19 crores, which is also 31.70% higher than last year’s PAT of 156.56 crores.

The EPS (Earnings Per Share) for this year is ₹1.43, which is 31.19% more than the EPS of ₹1.09 earned last year.

Also Read: Mishtann Foods Q1FY24 Results: Consolidated PAT Rises to Rs. 68.91 Cr

ICICI Prudential Life Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹0.60 per Equity Share of Face Value of ₹1 each of the Company.

About ICICI Prudential Life :

ICICI Prudential Life Insurance Company Limited is a life insurance company operating in India. It was established through a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. ICICI Prudential Life primarily operates in the fields of life insurance and asset management.

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