LIC shares rise 4% as Q4 profit jumps over five-fold
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
In the previous quarter, LIC recorded ₹234.9 crore profit as compared to ₹90 lakh profit during the same quarter a year earlier. Its first-year premium was ₹8,748.55 crore.