State-insurer Life Insurance Corporation of India (LIC) on Thursday reported a 31% YoY growth in its consolidated Q2 net profit at Rs 10,098 crore versus Rs 7,728 crore in the year ago period.
The company’s net premium income in the quarter under review stood at Rs 1,26,930 crore, which was up 5.5% over Rs 1,20,326 crore in the corresponding quarter of the last financial year.
However, the profit after tax (PAT) was down 8% on a sequential basis compared to Rs 10,957 crore in Q1FY26 notwithstanding a 6% growth in the topline versus Rs 1,19,618 crore in the April-June quarter of FY26.
More to come…