Life Insurance Corporation of India standalone net profit declines 18.04% in the March 2022 quarter

Image
Capital Market
Last Updated : May 31 2022 | 6:04 PM IST

Sales rise 18.19% to Rs 143745.92 crore

Net profit of Life Insurance Corporation of India declined 18.04% to Rs 2371.55 crore in the quarter ended March 2022 as against Rs 2893.49 crore during the previous quarter ended March 2021. Sales rose 18.19% to Rs 143745.92 crore in the quarter ended March 2022 as against Rs 121626.06 crore during the previous quarter ended March 2021.

For the full year,net profit rose 39.39% to Rs 4043.12 crore in the year ended March 2022 as against Rs 2900.57 crore during the previous year ended March 2021. Sales rose 6.10% to Rs 427419.21 crore in the year ended March 2022 as against Rs 402844.34 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales143745.92121626.06 18 427419.21402844.34 6 OPM %1.463.12 -2.612.56 - PBDT2313.233914.03 -41 11945.3510894.54 10 PBT2313.233914.03 -41 11945.3510894.54 10 NP2371.552893.49 -18 4043.122900.57 39

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2022 | 5:50 PM IST

Next Story