LIC reports many fold jump in Q1 consolidated net profit

Life Insurance Corporation of India (LIC) has reported results for first quarter ended June 30, 2022.

The company has reported many fold jump in its net profit at Rs 682.89 crore for the quarter under review as compared to Rs 2.94 crore for the same quarter in the previous year. Total income of the company increased by 9.55% at Rs 168,881.91 crore for Q1FY23 as compared Rs 154,153.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported many fold jump in its net profit at Rs 602.79 crore for the quarter under review as compared to Rs 24.37 crore for the same quarter in the previous year. Total income of the company increased by 9.36% at Rs 169,600.74 crore for Q1FY23 as compared Rs 155,079.57 crore for the corresponding quarter previous year.