The share opened at 1,159 each after India’s largest insurer reported a 9% year-on-year increase in net profit for the April-June period, alongside a 16% rise in net premium income. The company sold nearly 35 lakh policies in the individual segment during Q1 FY25, up from 32 lakh in the same period last year.
Ind-Ra now expects third quarter to see contraction at 0.8 per cent and fourth quarter to print in 0.3 per cent growth as against the earlier expectation of positive numbers only in July-September 2021-22.
