iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

LIC stock price up by 3%

25 May 2023 , 09:37 AM

Life Insurance Corporation’s stock rallied as much as 3% so far in today’s trade as the company has announced significant growth in its Q4FY23 numbers.

The company reported a standalone net profit of Rs 13,427.80 crore for Q4 of FY23, registering a whopping growth of 466% as compared to the corresponding quarter in the previous financial year.

During March 2022 quarter, the company’s net profit stood at Rs 2,371.50 crore. While, sequentially, profit grew by 112%.

However, the company’s standalone net premium income fell by 8.3% y-o-y to Rs 1.31 lakh crore for Q4FY23. Whereas, on a Q-o-Q basis, the company reported a 17.90% surge in its net premium income.

‘The first-year premium fell 12.33% year-on-year to Rs 12,811.2 crore, but the renewal premium increased 6.8% to Rs 76,009 crore as compared to the previous year,’ the life insurance major said in a filing to exchanges on May 24.

LIC earned a net commission of Rs 8,428.5 crore in the fourth quarter of the fiscal year 2022-23, up 5.4% against the previous year and 33.4% against the previous quarter.

At around 9.33 AM, LIC was trading 1.70% higher at Rs 604, against the previous close of Rs 593.90 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • LIC
  • LIC NEWS
  • LIC Results
  • LIC Share
  • LIC Share Price
  • LIC Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.