ICICI Lombard shares crash 13% as brokerages flag 'significant' fall in Q1 PAT

ICICI Lombard shares crashed 13% after reporting Q1 results.

Brokerages flagged a 'significant' fall in the company's Q1 profit after tax (PAT).

Emkay attributed the weak Q1 to a difficult operating environment and competition.

MOFS has a 'neutral' rating on the stock.