Q4 FY24 Results for LIC: PSU Life Insurance An important indicator of revenue for insurance companies, LIC’s net premium income rose 15.6% year over year to Rs 1,52,293.1 crore in the March quarter.
LIC Q4 Result: Net premium income increase by (16%)
Q4 FY24 Results for LIC Q4 Result: Net premium income increase by (16%)
For the quarter that concluded on March 31, the state-run Life Insurance Corporation (LIC) reported a standalone net profit of Rs 13,762.6 crore, up 2.5% from the same time the previous year.
According to a regulatory filing, the life insurance giant’s net premium income for the fourth and final quarter of FY24 was Rs 1,52,293.1 crore, up 15.6% year over year.
For the quarter under review, LIC’s revenue from first-year premium increased to Rs 13,810 crore from Rs 12,811 crore the previous year.
Its quarterly revenue from renewal premiums increased from Rs 76,009 crore to Rs 77,368 crore in the previous year.
LIC reported a net profit of Rs 40,676 crore for the fiscal year 2023–24, compared to a net profit of Rs 36,397 crore the year before.
For the fiscal year that concluded on March 31, the LIC board recommended paying a final dividend of Rs 6 per share.
Earlier in the day, the BSE saw LIC shares close at Rs 1,035.8 apiece, up Rs 6, or 0.6%.
07 best stock list: Read more
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
Table of Contents
My name is Nitesh kumar and i am a Engineer but i have passionate in blogging, so these website updates day to day publish in stocks news and ipo’s and business related news update.
“Stock24News.com is your premier source for real-time financial updates and market insights. Stay informed with our expert analysis and comprehensive coverage of global stock trends.”
Thanks for your visiting in stock24news.com