LIC shares climb nearly 4% after Q4 earnings
The Hindu
Shares of LIC climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023.
Shares of LIC on May 25 climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023.
The stock gained 3.72% to ₹615.65 on the BSE.
Also Read: LIC Q4 net profit surges over 5-fold to ₹13,191 cr
At the NSE, it jumped 3.63% to ₹615.50.
The insurer had earned a profit of ₹2,409 crore in the same quarter a year earlier.
However, total income during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period a year ago, LIC said in a regulatory filing on May 24.
Also Read: Rupee falls 13 paise to 82.80 against U.S. dollar
