ICICI Prudential falls over 8% after weak Q3 results

ICICI Prudential's Q3 profit after tax fell 52.3 percent YoY to Rs 296.77 crore.


Shares of ICICI Prudential Life Insurance fell over 8 percent intraday in early trade on January 23 after the company reported weak results for the December quarter.

The stock fell as much as 8.7 percent on the BSE, quoting at Rs 317.

The company's Q3 profit after tax fell 52.3 percent YoY to Rs 296.77 crore.

ICICI Prudential's net premium income for the quarter rose to Rs 7,483 crore, up from Rs 6,795 crore in the corresponding quarter.

At 09:38 hours ICICI Prudential Life Insurance Company was quoting at Rs 316.4 on the BSE, down 8.02 percent.

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