ICICI Lombard Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹6,905Cr
- +12.1% YoY
- +0.5% QoQ
- Net profit
- ₹659Cr
- −9% YoY
- −19.6% QoQ
- Margin
- 12%
- −4 pp YoY
- −3 pp QoQ
Top 4 Insurance companies on management guidance
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The short version
The Company expects continued strong growth momentum into FY2027 driven by robust demand across segments, particularly in Retail Health and Motor. The company targets delivering Return on Equity (ROE) in the range of 18% to 20%, aiming for sustainable value creation and profitable growth (Page 22).
From ICICI Lombard's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The Company expects continued strong growth momentum into FY2027 driven by robust demand across segments, particularly in Retail Health and Motor.
- Retail Health growth is supported by increasing awareness, GST rationalization, higher sum insured levels, and expansion into tier 2 and tier 3 cities with many new-to-insurance customers.
- Motor segment growth is buoyed by a record 19.5% quarterly growth in auto sales, broad-based across vehicle types and geographies, with positive outlook for Q4 and beyond.
- Commercial lines, Engineering, and Fire segments are expected to maintain growth supported by infrastructure development and expanding distribution.
- The Company aims to maintain profitable growth with ROE target of 18-20%, focusing on disciplined underwriting and selective risk acceptance.
2 more points from ICICI Lombard's call on revenue
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Profitability & Margins
The company targets delivering Return on Equity (ROE) in the range of 18% to 20%, aiming for sustainable…
Locked: what ICICI Lombard said on margins
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Capital Expenditure Plans
Top-ranked in Insurance
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The discussion primarily focuses on business performance, growth strategies, product mix, loss ratios,…
Locked: what ICICI Lombard said on fundraising
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Order Book & Pipeline
2 more points from ICICI Lombard's call on order book
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ICICI Lombard — Quarterly revenue & net profit
ICICI Lombard Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 6,905 | 6,161 | +12.1% | 6,869 | +0.5% |
| Operating profit (EBITDA) | 854 | 962 | -11.2% | 1,044 | -18.2% |
| Operating margin | 12% | 16% | -4 pp | 15% | -3 pp |
| Profit before tax | 870 | 960 | -9.4% | 1,077 | -19.2% |
| Net profit (PAT) | 659 | 724 | -9% | 820 | -19.6% |
| EPS (₹) | 13.23 | 14.63 | -9.6% | 16.47 | -19.7% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹8.2K Cr, net profit ₹946 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What ICICI Lombard's management said in earlier quarters
Others in Insurance this season
- HDFC Life Insurance Company (Q3 FY26)
Profit after tax (PAT) grew 7% to Rs. Key concall takeaways from HDFC Life Insurance Company Ltd's Q3 FY26 earnings call — and how it ranks against sector…
- Medi Assist Healthcare Services (Q3 FY26)
Expansion of technology-led revenue streams, especially from SaaS products like MAtrix and AI-driven solutions such as MAven Guard, with tech revenues growing…
- Canara HSBC (Q3 FY26)
Annuity business AP grew 34% year-on-year, with focus on deferred annuity for profitable growth. Key concall takeaways from Canara HSBC Life Insurance Company…
- Niva Bupa Health (Q3 FY26)
Overall growth in Q3 was 31%, and 26% for the first 9 months, indicating strong upward momentum. Key concall takeaways from Niva Bupa Health Insurance Company…
Potential multibaggers · Q2 FY27
Potential multibaggers in Insurance
on management's own guidance
- Max FinancialModerate growth2
- Niva Bupa HealthGood growth1
- HDFC Life Insurance CompanyModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were ICICI Lombard Q3 FY26 results?
The Company expects continued strong growth momentum into FY2027 driven by robust demand across segments, particularly in Retail Health and Motor. The company targets delivering Return on Equity (ROE) in the range of 18% to 20%, aiming for sustainable value creation and profitable growth (Page 22).
What is ICICI Lombard share price analysis?
ICICI Lombard currently shows a neutral. The stock trades at a P/E of 33.5 with a market cap of ₹81,423 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.