Shares of ICICI Lombard surged by approximately 8% on October 15, reaching ₹2,002.50. This rally in the stock followed the company's b Q2 results and the announcement of an interim dividend of ₹6.50 per share. As of June 2025, the promoters' stake stood at 51.46%. Brokerages have increased their target prices for the stock.
ICICI Lombard Share: Shares of ICICI Lombard General Insurance Company witnessed a b rally on October 15, surging by up to 8% on the BSE to reach ₹2,002.50. This surge followed the company's robust results for the July-September 2025 quarter and the announcement of an interim dividend of ₹6.50 per share for the financial year 2025-26. In Q2, the company's net profit increased by 18.1% to ₹820 crore, and the first-half profit stood at ₹1,567 crore. The record date for the dividend is October 23, and payment will be made on or before November 12. Brokerage firms have increased the target prices for the stock.
Q2 Results and Financial Performance
The company reported a net profit of ₹820 crore in the July-September 2025 quarter. This represents an 18.1 percent year-on-year increase. In the same quarter last year, the profit was ₹694 crore.
Gross Direct Premium Income for this quarter decreased by 1.9 percent to ₹6,596 crore. In the September 2024 quarter, it stood at ₹6,721 crore.
For the first half of the financial year 2025-26, i.e., April-September 2025, the company's net profit was ₹1,567 crore, compared to ₹1,274 crore in the same period last year. Gross Direct Premium Income for the half-year decreased by 0.5 percent to ₹14,331 crore, while it was ₹14,409 crore last year.
Dividend and Record Date
ICICI Lombard has declared an interim dividend of ₹6.50 per share for the financial year 2025-26. The record date for receiving the dividend has been set as October 23, 2025. Shareholders whose names appear in the company's register of members or with depositories by this date will be eligible for the dividend.
The dividend payment will be made to eligible shareholders on or before November 12, 2025.
Brokerage Firms' Outlook
- Goldman Sachs has maintained its 'Neutral' rating on ICICI Lombard shares. Its target price has been increased from ₹1,925 to ₹1,975.
- Elara Capital has changed its rating from 'Accumulate' to 'Buy'. The target price for the company has been raised from ₹1,960 to ₹2,250.
- Motilal Oswal has maintained its 'Buy' rating but reduced the target price from ₹2,400 to ₹2,300.
- Nuvama has also continued its 'Buy' rating, setting a target price of ₹2,340 per share.
Company's Market Cap and Shareholding
ICICI Lombard's market capitalization currently stands at ₹99,000 crore. The face value of the share is ₹10. As of the end of June 2025, the promoters' stake in the company was 51.46 percent. Over the past two years, the share has shown a strength of approximately 52 percent.
