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Life Insurance Corporation of India Ltd - 2023 September Quarter Results

Submitted By Nimmy Sunil on 24 November 2023

Life Insurance Corporation of India Ltd reported the quarterly results for the Second Quarter of Financial Year 2023-2024. The total consolidated income of the quarter is 202394 crore. The company made the Net Profit of 7577 Crore in the current quarter.

Consolidated Total Income

Consolidated income of the company is increased by 12790 crore (6.32%) compared to previous quarter and reduced by 21342 crore (10.54%) compared to 2022 September Quarter.

• 2023 September Quarter (Current) : 202394 Crore
• 2023 June Quarter : 189604 Crore
• 2022 September Quarter : 223736 Crore

Consolidated Net Profit

Consolidated Net Profit of the company is reduced by 1074 crore (14.17%) compared to previous quarter and reduced by 7735 crore (102.09%) compared to 2022 September Quarter.

• 2023 September Quarter (Current) : 7577 Crore
• 2023 June Quarter : 8651 Crore
• 2022 September Quarter : 15312 Crore

Standalone Total Income

Standalone income of the company is increased by 12846 crore (6.35%) compared to previous quarter and reduced by 20144 crore (9.96%) compared to 2022 September Quarter.

• 2023 September Quarter (Current) : 202221 Crore
• 2023 June Quarter : 189375 Crore
• 2022 September Quarter : 222365 Crore

Standalone Net Profit

Standalone Net Profit of the company is reduced by 1618 crore (20.42%) compared to previous quarter and reduced by 8027 crore (101.29%) compared to 2022 September Quarter.

• 2023 September Quarter (Current) : 7925 Crore
• 2023 June Quarter : 9543 Crore
• 2022 September Quarter : 15952 Crore

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