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Q1 results: LIC's net profit jumps multifold to Rs 682.89 crore

The first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting.

Photo: Bloomberg
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Photo: Bloomberg

Press Trust of India Mumbai
Life Insurance Corporation of India on Friday reported a multifold jump in its June quarter net profit at Rs 682.89 crore.

The state-run life insurance behemoth, which went public recently, had a net profit of Rs 2.94 crore in the year-ago period.

The first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting.

The total income came at Rs 1,68,881 crore for the June quarter as against Rs 1,54,153 crore in the year-ago period, it said.

When compared with the preceding March quarter, the

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