LIC Q1 FY25 results: Net profit increases 9.6% to Rs 10,461 crore

Quick Summary:

LIC’s management said the margins will improve further going forward, and they would hit a VNB margin of around 20 per cent in the next 2-3 years.

LIC has booked a profit of Rs 15,500 crore in Q1FY25 from its equity investments.

The state-owned insurer has invested around Rs 38,800 crore in the equity markets in Q1 and plans to invest at least the same amount it had invested in FY23 – Rs 1.32 trillion – in the equity market in FY25, if not more.

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Category: BusinessFinance

Markets: India

Topics: Q1 results Results LIC Results Quarter Q1 results Lic q1 results Life insurance corporation of india LIC Psu insurer Psu LIC Q1 results Premium Earnings Life insurance corporation of india

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 20:46:52 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 21987621

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