ICICI Prudential Life Insurance's (NSE:ICICIPRULI, BOM:540133) consolidated profit jumped to 3.85 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.74 billion rupees a year ago.
The insurer's earnings per share climbed to 2.65 rupees from 1.21 rupees, according to a Tuesday filing to the Indian stock exchanges.
Net premium income in fiscal Q4 increased to 163.69 billion rupees from 147.88 billion rupees a year earlier.
The company's board recommended a final dividend of 0.85 rupees per equity share of face value of 10 rupees each for the financial year ended March 31.
Shares of the company were up nearly 4% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.