LIC declines on reporting 17% fall in Q4 consolidated net profit
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Life Insurance Corporation of India is currently trading at Rs. 817.05, down by 20.00 points or 2.39% from its previous closing of Rs. 837.05 on the BSE.
The scrip opened at Rs. 811.00 and has touched a high and low of Rs. 822.00 and Rs. 810.00 respectively. So far 128968 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 17-May-2022 and a 52 week low of Rs. 801.55 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 841.00 and Rs. 801.55 respectively. The current market cap of the company is Rs. 516530.94 crore.
Life Insurance Corporation of India (LIC) has reported a fall of 18.04% in its net profit at Rs 2,371.55 crore for the quarter ended March 31, 2022 as compared to Rs 2,893.49 crore for the same quarter in the previous year. However, total income of the company increased by 11.77% at Rs 211,451.73 crore for Q4FY22 as compared Rs 189,176.25 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 17.41% in its net profit at Rs 2,409.40 crore for the quarter ended March 31, 2022 as compared to Rs 2,917.34 crore for the same quarter in the previous year. However, total income of the company increased by 11.64% at Rs 212,230.41 crore for Q4FY22 as compared Rs 190,098.65 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 39.39% in its net profit at Rs 4,043.12 crore as compared to Rs 2,900.57 crore for the previous year. Total income of the company increased by 5.70% at Rs 721,102.57 crore for year under review as compared to Rs 682,204.99 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 38.69% in its net profit at Rs 4,124.71 crore as compared to Rs 2,974.14 crore for the previous year. Total income of the company increased by 2.95% at Rs 724,425.37 crore for year under review as compared to Rs 703,679.08 crore for year ended March 31, 2021.
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