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LIC reports 49% growth in net profit at 9,444 crore in Q3
The Morning Standard
|February 09, 2024
LIC reports 49% growth in net profit at 9,444 crore in Q3 THE Life Insurance Corporation of India (LIC) on Thursday reported a 49% growth in net profit at 9,444 crore for the third quarter ended December 2023 (Q3FY24).
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The insurer had a net profit of 6,334 crore in the year-ago period. Total income surpassed ₹2 lakh crore mark to ₹2,12,447 crore in Q3FY24 as against 1,96,891 crore in the year-ago period. LIC said an amount of ₹7,692.34 crore for the quarter ending December 31 to shareholder's account due to changes made in its accounting policy in September 2022 and due to this, the profit in this quarter is not comparabl
This story is from the February 09, 2024 edition of The Morning Standard.
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