LIC Q2 results: LIC’s total income declined to Rs 2,01,587 crore in the latest September quarter, compared to Rs 2,22,215 crore in the year-ago period, it said
State-owned insurer LIC on Friday reported a 50 per cent fall in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income.
The country’s biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
Its net premium income eased to Rs 1,07,397 crore in the second quarter of the current fiscal, from Rs 1,32,631.72 crore in the same period a year ago.
LIC’s total income declined to Rs 2,01,587 crore in the latest September quarter, compared to Rs 2,22,215 crore in the year-ago period, it said.
LIC Q2 results
LIC Q2 results: Insurance company reported a 50% YoY decline in its net profit to ₹7925 crore in September quarter of FY23-24. LIC Q2 results: The company reports net standalone profit at ₹7925 crore in the September quarter of FY 23-24.
Source : Business Standard
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