ICICI Lombard reported a significant growth in net profit at Rs 203 crore in the quarter ended June 2013 compared to Rs 83 crore during the previous year.
The gross direct premium income (GDPI) income for the company increased to Rs. 1,776 crore in Q1 as against Rs. 1,402 crore during the year ago period.
Bhargav Dasgupta, CEO & MD, ICICI Lombard General Insurance said the general insurer will continue to launch new initiatives to meet the constantly evolving needs of customers.