ICICILombard report its #Q2Results ;
▶️Combined Ratio At 105.1% Vs 104.5% (YoY)
▶️Total Income Up 12.5% At ₹6,582.7 Vs ₹5,850 (YoY)
▶️Net Profit Up 18.1% At ₹819.5 Cr Vs ₹693.9 Cr (YoY)
▶️Gross Premium Up 1.6% At ₹7,058.9 Cr Vs ₹6,948.3 Cr (YoY)
Foreign investors cut back further!
FII ownership in Indian stocks drops to 15.85% in Aug, assets down to ₹70.33 lakh cr.
That’s the lowest shareholding in over 13 years, last seen in 2012.