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 and are trading at ₹1,150.85 , down-from-52-week-high.
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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