The stock of Life Insurance Corporation of India (LIC) has been disappointing investors for a long time. After the latest results of the company, the expectations of investors have increased.
The share price of the country’s largest insurance company, Life Insurance Corporation of India (LIC), jumped by more than 8 percent in the opening session on Wednesday. At 9:51 am, the company’s stock was trading at Rs 945.50 with a gain of more than 8 percent. After this, at 9:54 am, the share of LIC was around Rs 940. The company’s stock jumped strongly after the company’s quarterly results report for the fourth quarter of the financial year 2024-25.
LIC’s financial result
LIC’s net profit increased by 38 percent to Rs 19,013 crore in the January-March quarter of FY 2024-25. Life Insurance Corporation of India (LIC) on Tuesday reported its March quarter financial results to the stock markets. The company had earned a profit of Rs 13,763 crore in the same quarter a year ago. LIC said that its total income during the quarter under review declined to Rs 2,41,625 crore as against Rs 2,50,923 crore in the same quarter of FY 2023-24.
