Overview

• The board approved an interim dividend of Rs 6.50 per share with October 23 as the record date and payment due on or before November 12 subject to tax deduction at source.
• Net profit for Q2FY26 rose to Rs 819.5 crore from Rs 693.9 crore a year earlier, with profit before tax at Rs 1,077.3 crore.
• Gross written premiums were reported at Rs 70,586.6 crore for the quarter, supported by motor and health portfolios.
• The company posted an underwriting profit of Rs 117.8 crore versus a loss last year, with a combined ratio of 105.1% and an incurred claim ratio of 72.1%.
• ICICI Securities upgraded the stock to Buy with a Rs 2,250 target after the results, and the shares traded up about 6.8% on October 15.