LIC Q2 results: Net profit declines 50% YoY to ₹7,925 crore on lower premium income | Mint
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Business News/ Companies / Company Results/  LIC Q2 results: Net profit declines 50% YoY to 7,925 crore on lower premium income
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LIC Q2 results: Net profit declines 50% YoY to ₹7,925 crore on lower premium income

LIC Q2 results: Insurance company reported a 50% YoY decline in its net profit to ₹7925 crore in September quarter of FY23-24

LIC reported a net profit of ₹7,925 crore in September quarter of FY24Premium
LIC reported a net profit of 7,925 crore in September quarter of FY24

LIC Q2 results: The company reportsed a 50% YoY decline in its standalone profit to 7925 crore in the September quarter of FY 23-24. LIC's profit were hurt by a fall in premium income.

The company posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept. 30, compared to 159.52 billion rupees a year ago. Net premium income dropped 18.7% to 1.07 billion rupees.

( More to come)

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Published: 10 Nov 2023, 05:26 PM IST
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