New Delhi, Aug 8 (PTI) Shares of insurance coverage behemoth LIC on Friday ended 3 per cent greater after the agency reported a 5 per cent rise in revenue in the course of the June quarter and exuded confidence of a double-digit progress in bottomline within the present monetary 12 months.
The inventory ended at ₹912.55, up 3.06 per cent, on the BSE. In the course of the day, it climbed 4.69 per cent to ₹927.
On the NSE, shares of the agency went up 2.91 per cent to settle at ₹910.80 after leaping 4.75 per cent to ₹927.10 in intra-day commerce.
In traded quantity phrases, 3.36 lakh shares of the agency had been traded on the BSE and 45.32 lakh shares on the NSE in the course of the day.
Life Insurance coverage Company of India (LIC) on Thursday reported a 5 per cent rise in internet revenue to ₹10,987 crore for the primary quarter and exuded confidence of a double-digit progress in bottomline in FY26.
The LIC had reported a internet revenue of ₹10,461 crore within the first quarter of 2024-25.
The full revenue elevated to ₹2,22,864 crore in the course of the newest June quarter, as in opposition to ₹2,10,910 crore within the year-ago interval, LIC mentioned in a regulatory submitting.
“We’re taking a look at enhancing profitability. We’d be reaching a good degree and anticipate double-digit progress in earnings in the course of the present monetary 12 months,” newly-appointed LIC CEO & MD R Doraiswamy mentioned.
Over the last monetary 12 months, the insurer earned a revenue of ₹48,151 crore, in comparison with ₹40,676 crore within the earlier fiscal 12 months, registering an 18 per cent progress.
Within the June quarter, the first-year premium rose to ₹7,525 crore, in comparison with ₹7,470 crore in the identical interval final 12 months, it mentioned.
