Life Insurance Corporation of India standalone net profit rises 2.49% in the March 2024 quarter

Sales rise 15.59% to Rs 152542.71 crore

Net profit of Life Insurance Corporation of India rose 2.49% to Rs 13762.64 crore in the quarter ended March 2024 as against Rs 13427.81 crore during the previous quarter ended March 2023. Sales rose 15.59% to Rs 152542.71 crore in the quarter ended March 2024 as against Rs 131963.86 crore during the previous quarter ended March 2023.

For the full year,net profit rose 11.75% to Rs 40675.79 crore in the year ended March 2024 as against Rs 36397.39 crore during the previous year ended March 2023. Sales rose 0.23% to Rs 475751.92 crore in the year ended March 2024 as against Rs 474668.13 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales152542.71131963.86 16 475751.92474668.13 0 OPM %1.0110.46 -6.717.15 - PBDT15752.6514375.11 10 46612.3741699.63 12 PBT15752.6514375.11 10 46612.3741699.63 12 NP13762.6413427.81 2 40675.7936397.39 12

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