The shares of IREDA and ICICI Lombard General Insurance surged nearly 5 percent apiece on April 15 ahead of their scheduled results for the January-March quarter of the financial year FY25, while
shares of ICICI Prudential Life saw a rise of nearly 2 percent ahead of Q4FY25 results.
Financial results of several broader companies will be analysed for their exposure to US, and impact of swings in raw material prices, at a time when an ongoing tariff war is engulfing business outlook, especially for exported-oriented plays.
The shares of Indian Renewable Energy Development Agency (IREDA) were trading at Rs 162 apiece, while those of ICICI Lombard General Insurance Company were hovering around Rs 1,797 apiece. ICICI Prudential Life Insurance Company shares were meanwhile trading at Rs 562 apiece in the afternoon.
GM Breweries shares meanwhile were trading nearly 2 percent higher, erasing some early gains, after the company released its Q4 results and announced a dividend of Rs 7.5 per equity share. The company’s net profit for the period declined over 30 percent year-on-year to Rs 60.46 crore. Total revenue from operations meanwhile increased over 6 percent YoY to Rs 663 crore.
IREDA shares have risen over 16 percent in the past one month, driven by several positive announcements. Earlier in March, the company increased its borrowing limit for FY25 by Rs 5,000 crore to Rs 29,200 crore. Later, it also approved a plan to raise up to Rs 30,800 crore for financial year 2026.
In the previous quarter, IREDA posted nearly 27 percent growth in its net profit at Rs 425.37 crore in December quarter, mainly on the back of higher revenues. However, its asset quality had declined sequentially. The Gross Non-Performing Assets ratio was seen at 2.68 percent in Q3 against 2.19 percent in Q2.
ICICI Lombard General Insurance meanwhile saw its Q3 net profit jump 68 percent YoY to Rs 724.38 crore. The shares of the company have so far increased 4 percent in the past one month.
ICICI Prudential Life Insurance Company however saw a miss on margins in the October-December period (Q3) of FY25. While the firm's net profit surged 43 percent to Rs 326 crore, compared to Rs 227 crore reported during the same quarter in the previous financial year, its VNB (value of new businesses) margins were lower than expectations. It shares have risen nearly 3 percent in the last one month.
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