Q4 Results Announcement for Nine Companies, Including ICICI Prudential Life, ICICI Lombard, and IREDA. Investor Focus on APE, VNB Margins, and Auto Segment Growth.
Q4 Results Today: This week begins with the release of Q4 financial results from several major companies. Today, prominent companies such as ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and IREDA will announce their March quarter results. Along with these, GM Breweries, Delta Industrial Resources, and other mid-small cap companies will also declare their quarterly results.
ICICI Prudential Life: Focus on APE and VNB
Analysts believe that ICICI Prudential Life's Annualized Premium Equivalent (APE) could reach ₹3,312 crore, representing a year-on-year growth of 10%. However, growth may be constrained due to a high base in March. The Value of New Business (VNB) is estimated to be ₹919 crore.
VNB margins may soften due to a high proportion of ULIP products and slower growth. Investor attention will be keenly focused on management commentary on pension and protection products, and on ICICI Bank's strategic plans.
ICICI Lombard: Focus on the Auto Segment
ICICI Lombard's Q4 total revenue is expected to be approximately ₹5,430 crore, showing a growth of around 5%. However, Net Earned Premium (NEP) growth may be limited due to weak auto sales and the impact of new accounting methods.
An improvement in the loss ratio is expected, but the Combined Ratio (CoR) may remain elevated. Uncertainty persists regarding the CoR due to new accounting changes for long-term policies. The company has not yet provided concrete guidance on this matter.
IREDA: Focus on Loan Book and Green Policy
IREDA will present its March quarter results today. The market awaits updates on the company's loan book performance, new green energy project funding, and government renewable energy policies. Investors have high expectations for the company's growth roadmap.
Mid-Small Cap Companies to Also Announce Results
Q4 results are also expected today from companies like Delta Industrial, GM Breweries, MRP Agro, Swastik Safe Deposit, and Hathway Bhawani Cabletel & Datacom. While these companies are mid or small-cap in their respective segments, their results could impact sentiment in related sectors.
Investors are advised to carefully track the companies' earnings calls and management commentary, as these will provide crucial indications for future returns.
