LIC Q2, LIC net profit falls nearly 4% to Rs 7,729 crore | LIC's second quarter profit declined by 3.8%: it stood at ₹7,729 crore, total income increased by 13.84% at ₹2,30,413 crore.

The consolidated net profit of the country's largest insurance company LIC in the second quarter (July-September) of the financial year 2024-25 declined by 3.8% on an annual basis (YoY) to ₹ 7,729 crore. The company had made a profit of ₹8,030 crore in the same quarter a year ago.

Life Insurance Corporation of India (LIC) has released its second quarter results today i.e. on 8th November. The total income of the company has increased by 13.84% on annual basis.

Total income in the second quarter stood at ₹2,30,413 crore

Total income in the second quarter of FY25 stood at ₹2,30,413 crore. Total income in the same quarter a year ago i.e. second quarter of FY24 was ₹2,02,395 crore.

LIC gave 50% return in one year

LIC shares closed 1.52% lower at ₹915.55 today. In the last one year, the company's shares have given 50% returns to its investors. The market cap of the company is Rs 5.79 lakh crore.

What is standalone and consolidated?

The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.