LIC Q4 net profit rises 2 pc to Rs 13,763 crore

New Delhi, May 28, 2024.

Insurance behemoth LIC on Monday posted a marginal 2 per cent increase in net profit at Rs 13,763 crore in the fourth quarter ended March 2024 as the corporation made provisions for wage hike.

The insurer had earned a profit of Rs 13,428 crore in the corresponding quarter a year earlier.

The total income of the insurer during the reporting quarter rose to Rs 2,50,923 crore from Rs 2,00,185 crore in the same period of the preceding fiscal, LIC said in a regulatory filing.