ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

LIC net profit dips 17 per cent to Rs 2,409 crore in Q4

New Delhi [India], May 30 (ANI): India's largest insurer Life Insurance Corporation (LIC) of India on Monday reported a consolidated net profit of Rs 2,409.39 crore for the quarter ended March 2022, down 17.41 per cent from Rs 2,917.33 crore recorded in the corresponding period of the previous year.

ANI May 30, 2022 19:11 IST googleads

Representative Image

New Delhi [India], May 30 (ANI): India's largest insurer Life Insurance Corporation (LIC) of India on Monday reported a consolidated net profit of Rs 2,409.39 crore for the quarter ended March 2022, down 17.41 per cent from Rs 2,917.33 crore recorded in the corresponding period of the previous year.
For the full financial year 2021-22, the government-run insurer posted a net profit of Rs 4,043.12 crore, which is 39.4 per cent higher as compared to Rs 2,900.56 crore recorded in 2020-21.
LIC's total revenue rose by 11.64 per cent year-on-year to Rs 2,11,471 crore in the fourth quarter of the financial year ended March 2022 as compared to Rs 1,89,176 crore in the corresponding quarter of the previous year.
LIC Board at its meeting held on Monday approved the financial results for the quarter and year ended March 31, 2022.
The company's Board of Directors recommended a dividend of Rs 1.50 per equity share with a face value of Rs 10 each for the year ended March 31, 2022. (ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.