ICICI Lombard General Insurance Co. and Tata Elxsi Ltd. are among the major companies scheduled to announce their third quarter financial results on Tuesday, January 13. Market analysts have compiled consensus estimates for both companies, indicating positive growth trajectories across key financial metrics.

ICICI Lombard Q3 Performance Expectations

The ICICI Group insurance company is expected to demonstrate strong year-on-year growth despite some sequential moderation. According to consensus estimates compiled by NDTV Profit, the company's financial performance is projected to show mixed trends across different timeframes.

The company continues to maintain double-digit momentum in new business generation, signaling sustained demand and stable underwriting activity. New Business Premium is expected to rise to ₹5,791.00 crore, reflecting a robust 15.00% year-on-year increase and a modest 2.00% growth sequentially.

Operational Efficiency Improvements

Operational efficiency may show improvement, with the combined ratio declining sequentially by 89 basis points to 104.30%. This trend suggests better cost management and risk control, although the ratio remains slightly elevated. Growth is expected to pick up due to improvement in health segment post GST exemption on retail health policies and uptick in motor sales.

Tata Elxsi Financial Projections

Tata Elxsi is projected to report stronger sequential performance across multiple financial parameters. Based on consensus estimates compiled by Bloomberg, the technology services company shows promising growth indicators.

Operational income, denoted under earnings before interest and tax, is expected to rise 10.00% to ₹187.00 crore from ₹170.00 crore. EBIT margin will expand to 19.70% from 18.50%, indicating improved operational efficiency.

Other Companies Reporting Results

Bank of Maharashtra, Just Dial Ltd., and ICICI Prudential Life Insurance Co. are the other important companies that will release their October-December quarter results on Tuesday, January 13.

ICICI Lombard General Insurance has reported a corporate governance breach to stock exchanges after a senior employee accidentally shared draft financial results on a personal WhatsApp status. The incident highlights growing concerns about the protection of unpublished price-sensitive information in an era of widespread digital communication.

Incident Details and Timeline

The insurance company disclosed in a regulatory filing that a "designated person" inadvertently posted certain information relating to unaudited draft financial results for the quarter and nine months ended December 2025 on their personal WhatsApp status. The incident occurred at approximately 5:44 pm on January 9, 2025.

The company acted swiftly to address the situation, with the post being taken down within an hour after the lapse was identified. However, ICICI Lombard did not disclose the specific nature or quantum of the draft figures that were shared, nor did it indicate whether the information was viewed by others before deletion.

Company Response and Precautionary Measures

ICICI Lombard emphasized that the figures shared were in draft form and remain subject to change as the audit process for the period is still ongoing. The company stated in its regulatory filing: "Though this information is in draft form and subject to changes during the ongoing audit, as a precautionary measure and in compliance with good corporate governance practices, the Company is reporting this incident to the Stock Exchanges."

The insurer issued a clear warning to investors, cautioning that reliance on any information related to its financial results should not be made unless it is formally disclosed following approval by the board of directors. This advisory underscores the preliminary nature of the accidentally shared information.

Broader Industry Concerns

This incident is not isolated, as similar corporate governance lapses have emerged recently. Hatsun Agro Product reported a comparable incident earlier in January, where draft unaudited financial information for the December quarter was inadvertently shared by key managerial personnel on personal WhatsApp status.

In Hatsun Agro's case, the executive had uploaded a "first-cut draft" of unaudited financial statements around 5 pm on January 4. The status update was viewed by approximately 19 people from the executive's contact list, including several insiders, before removal.

Regulatory Implications

Under securities regulations, companies are required to ensure that unpublished price-sensitive information is disseminated fairly and uniformly, typically through official stock exchange filings. Any selective or inadvertent disclosure, even if unintentional, can attract regulatory scrutiny. These recent incidents have sparked concerns about internal controls and the safeguarding of sensitive financial information amid the widespread use of informal messaging platforms for business communications.

The frequency of such incidents highlights the need for enhanced digital governance protocols and employee training regarding the handling of price-sensitive information on personal communication platforms.