LIC Q1 Results:
India's largest insurance company LIC has released the first quarter report of the current financial year.
According to the data received from the company, LIC made a profit of Rs 682.89 crore in the June quarter.
Life Insurance Corporation of India's profit was Rs 2.94 crore in the same quarter (April-June 2022) a year ago.
The company's total income in Q1 stood at Rs 1.68 lakh crore. This figure was 1.54 lakh crore a year ago.
It had made a profit of Rs 2,371 crore in the March quarter. LIC's performance was not good as compared to the March quarter.
LIC got this profit on an annual basis. But the profits of the insurance company have declined on a quarterly basis.
LIC's total income for this quarter was Rs 1,68,881 crore. It stood at Rs 1,54,153 crore in the first quarter of the last financial year.
If we look at the net profit of LIC on a quarterly basis, its net profit in the March quarter was Rs 2,371 crore.
LIC's net premium income has also increased. It rose to Rs 98,805.25 crore in the first quarter of this financial year.
LIC's net premium income was Rs 82,375.61 crore in the same period a year ago.
LIC's stock recorded a fall on Friday. LIC's stock price fell 0.04 percent to close at 682.35 paise on NSE.
LIC share details:
Mkt cap: 4.31LCr P/E ratio: 104.65 Div yield: 0.22% 52-wk high: 918.95 52-wk low: 650.00