ICICI Lombard Q3FY26 Results: Total Income Grows 14.8% to ₹7,433 Crores, Net Profit Declines 9.1%

2 min read Updated on 14 Jan 2026, 06:55 PM

Reviewed by

Riya DScanX News Team

Overview

ICICI Lombard General Insurance reported Q3FY26 results with total income growing 14.8% to ₹7,432.98 crores, while net profit declined 9.1% to ₹658.76 crores. Nine-month performance showed stronger trends with 5.6% income growth and 11.3% profit increase. The company's net worth strengthened by 18.0% to ₹16,189.09 crores, reflecting solid balance sheet fundamentals despite quarterly profit pressures.

*this image is generated using AI for illustrative purposes only.

ICICI Lombard General Insurance Company Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance with revenue growth offset by declining quarterly profits. The general insurance major published these results under Regulation 47 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Q3FY26 Financial Performance

The company's quarterly performance reflected contrasting trends in revenue and profitability metrics. While total income from operations demonstrated robust growth, net profit margins faced pressure during the quarter.

Financial Metric	Q3FY26	Q3FY25	Change (%)
Total Income from Operations	₹7,432.98 cr	₹6,474.45 cr	+14.8%
Net Profit Before Tax	₹869.75 cr	₹960.11 cr	-9.4%
Net Profit After Tax	₹658.76 cr	₹724.38 cr	-9.1%
Basic EPS	₹13.25	₹14.63	-9.4%
Diluted EPS	₹13.14	₹14.48	-9.2%

The total income from operations, representing gross written premium gross of reinsurance and net of applicable taxes, reached ₹7,432.98 crores in Q3FY26, marking a significant 14.8% year-on-year increase from ₹6,474.45 crores in Q3FY25.

Nine-Month Performance Shows Resilience

The nine-month performance demonstrated the company's underlying business strength with improved profitability metrics across key parameters.

Performance Indicator	9M FY26	9M FY25	Growth (%)
Total Income	₹22,544.39 cr	₹21,353.80 cr	+5.6%
Net Profit Before Tax	₹2,940.73 cr	₹2,653.11 cr	+10.8%
Net Profit After Tax	₹2,225.38 cr	₹1,998.70 cr	+11.3%
Basic EPS (9M)	₹44.78	₹40.46	+10.7%

For the nine months ended December 31, 2025, total income from operations increased by 5.6% to ₹22,544.39 crores compared to ₹21,353.80 crores in the corresponding period of the previous year. Net profit after tax showed stronger momentum with an 11.3% increase to ₹2,225.38 crores from ₹1,998.70 crores.

Balance Sheet Strength

The company's balance sheet position reflected continued strengthening with substantial improvements in key financial metrics.

Balance Sheet Item	December 31, 2025	December 31, 2024	Change
Paid-up Equity Share Capital	₹498.04 cr	₹495.23 cr	+0.6%
Reserves (excl. Revaluation)	₹8,477.95 cr	₹6,350.31 cr	+33.5%
Securities Premium Account	₹7,213.10 cr	₹6,878.60 cr	+4.9%
Net Worth	₹16,189.09 cr	₹13,724.14 cr	+18.0%

The company's net worth increased significantly by 18.0% to ₹16,189.09 crores as of December 31, 2025, compared to ₹13,724.14 crores in the previous year. Reserves excluding revaluation reserve grew substantially by 33.5% to ₹8,477.95 crores.

Regulatory Compliance and Publication

The financial results were published in Financial Express (all editions) and Lokatta (Mumbai edition) newspapers as required under regulatory guidelines. The company also provided a Quick Response code for accessing the complete format of financial results. The detailed quarterly and year-to-date financial results are available on stock exchange websites and the company's official website at www.icicilombard.com .

ICICI Lombard General Insurance operates under IRDA Registration Number 115 and maintains its registered office at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400025. The results were signed by Sanjeev Mantri, Managing Director & CEO, on January 13, 2026.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.98%	-2.30%	-4.12%	-2.98%	+9.43%	+25.41%

ICICI Lombard General Insurance

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Just Dial Shares Gets 'Buy' Upgrade From ICICI Securities Post Q3 Results

1 min read Updated on 14 Jan 2026, 01:40 PM

Reviewed by

Naman SScanX News Team

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Overview

Just Dial received a 'Buy' upgrade from ICICI Securities after reporting improved Q3 results with 6.4% revenue growth and significant margin expansion of 102 basis points year-on-year, primarily driven by lower employee costs following strategic headcount reductions implemented in Q2.

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Just Dial received a positive rating upgrade from ICICI Securities following its third quarter results, which demonstrated improved operational efficiency and margin expansion despite modest revenue growth.

Q3 Financial Performance

The company delivered steady financial performance in the third quarter with notable improvements in profitability metrics:

Metric	Q3 Performance	Change
Revenue Growth	6.4% YoY	Positive
Ebitda Margin Expansion	102 basis points YoY	Improved
Key Driver	Lower employee costs	Cost optimization

The 6.4% year-on-year revenue growth reflects the company's ability to maintain business momentum in the competitive digital services market. More significantly, the Ebitda margin expanded by 102 basis points compared to the same quarter last year, indicating improved operational efficiency.

Cost Optimization Strategy

The margin expansion was primarily driven by reduced employee costs following strategic headcount reductions implemented in the second quarter. This cost optimization initiative has begun showing positive results in the company's profitability metrics, demonstrating management's focus on operational efficiency.

The headcount reduction strategy appears to be yielding the intended results without significantly impacting revenue generation capabilities, suggesting effective workforce optimization rather than across-the-board cuts.

ICICI Securities Upgrade

ICICI Securities upgraded Just Dial shares to 'Buy' rating based on the improved financial metrics and operational performance demonstrated in the quarterly results. The brokerage's positive assessment reflects confidence in the company's strategic direction and execution capabilities.

The upgrade comes as the company shows signs of balancing growth with profitability, a key concern for investors in the digital services sector. The improved margins while maintaining revenue growth trajectory indicates a more sustainable business model.

Market Implications

The rating upgrade and positive quarterly results position Just Dial favorably in the e-commerce and digital services space. The company's ability to expand margins through operational efficiency while sustaining revenue growth demonstrates management's capability to navigate market challenges effectively.

Investors will likely monitor whether the company can maintain this improved profitability trend while continuing to invest in growth initiatives and market expansion.

Historical Stock Returns for ICICI Lombard General Insurance