Buy, Sell or Hold: Here's what brokerages said on LIC post 9% uptick in Q1 PAT
LIC reported a consolidated net profit of Rs 10,544 crore for the first quarter ending June 2024, reflecting a 9% increase from Rs 9,635 crore in the same quarter last year. During the quarter, net premium income rose by 16% year-on-year to Rs 1.14 lakh crore, compared to Rs 98,755 crore in the corresponding period of the previous year
LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 lakh crore in equities during the current financial year. During April-June FY25, the insurance behemoth made an investment of about Rs 38,000 crore in shares as against Rs 23,300 crore in the same period a year ago. LIC earned a profit of Rs 15,500 crore from its investments in equity markets during the first quarter. The profit from its investment was higher by 13.5 per cent quarter-on-quarter. "We are surely looking at the markets and price movements...we are looking to invest a good amount at least whatever we had invested in last financial year...LIC made an investment of around Rs 1.32 lakh crore in FY'24," he said. Market value of LIC's investment in stocks of various companies stood at around Rs 15 lakh crore at the end of June, he said. LIC has exposure in 282 companies through investment in their shares as of June 30 LIC's VNB margin falls short of medium-term target, say analysts
LIC's VNB margins improved by 20 basis points (bps) to 13.90 per cent in Q1 FY25 over the same period last year due to a change in the business mix of the insurer Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Link of audio call recording is available on the website of the Corporation. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - Corporate Presentation
We enclose herewith the Presentation for Analysts / Institutional Investors Meet / Conference scheduled to be held on August 12, 2024.
Life Insurance Corporation of India Results Earnings Call for Q1FY25
Conference Call with Life Insurance Corporation of India Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - Sale Of Shares In ZYDUS Lifesciences Ltd.
This is to inform that the Life Insurance Corporation of India has decreased its shareholding in equity shares of Zydus Lifesciences Ltd. Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Financial results of the Life Insurance Corporation of India have published its Financial Results for the quarter ended June 30, 2024, in the newspapers.
LIC Shares Rise 3% After Q1 Results Announcement
The country's largest insurer saw its net profit rise 9% year-on-year to Rs 10,544 crore in the quarter-ended June 30, 2024. Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Investor Presentation
We hereby inform that the Presentation for Analyst call is attached herewith.