#ICICI Pru Life Stock Plummets 9%
 
ICICI Prudential Life Insurance Company's shares fell nearly 10% after announcing its Q3 FY2025 results, despite a 43% increase in net profit to ₹326 crore. The decline was attributed to lower-than-expected margins and a strategic shift towards products with lower margins like ULIPs and group fund business. Brokerages such as Goldman Sachs and Macquarie maintained a neutral outlook, adjusting their target prices downwards due to concerns over the company's value of new business growth and margin performance. Discussions highlighted a focus on topline growth at the expense of profitability, with expectations that this strategy might persist in the medium term.
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