LIC Q1 Results: Life Insurance Corporation of India (LIC) is set to unveil its first-quarter financial results for the fiscal year 2024 tomorrow. This much-anticipated announcement will take place on August 8, 2024, providing a crucial insight into the public company’s performance and financial health for the initial quarter of FY25. The exact timings of the announcement are not known.
LIC, being one of the largest and most significant players in the Indian insurance sector, garners significant interest from investors, analysts, and industry experts. The Q1 results will likely include key metrics such as net profit, revenue, premium income, and other critical financial indicators that reflect the company’s operational efficiency and market standing.
To stay updated with the latest developments and view the results as they are released, you can go to the official LIC website, which will host the live webcast of the announcement. The webcast can be accessed via LIC’s Investor Relations section, which will provide real-time updates and detailed reports.
LIC will host earnings call with analysts/investors on Friday, August 09, 2024, at 8.30 AM to discuss Financial Results of the Corporation for Q1 for FY 2025. Details can be accessed here. https://www.licindia.in/documents/20121/45907/LICI_05082024180819_Earnings_Call_Invite.pdf/86d20755-5958-42f7-7123-544a103b61bd?t=1722924642635
Additionally, financial news channels and leading business news platforms, including financialexpress.com, will also cover the announcement live, offering analysis and expert commentary on the implications of the results.
For those who prefer to read the detailed financial disclosures, LIC will also upload the results and related documents to its official website shortly after the announcement. This information will be available under the ‘Financial Results’ section, providing comprehensive details for shareholders, analysts, and the public.
LIC’s Q1 results for FY25 will also be published on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) websites. Investors can monitor these platforms for real-time updates and detailed financial disclosures.
LIC last quarter performance
LIC reported a modest 2% increase in net profit to Rs 13,763 crore for Q4 of FY24, up from Rs 13,428 crore a year earlier, due to provisions for wage hikes. The insurer’s total income rose significantly to Rs 2,50,923 crore from Rs 2,00,185 crore. LIC sold 2,03,92,973 individual policies in FY24, compared to 2,04,28,937 policies the previous year. The board had proposed a final dividend of Rs 6 per share, bringing the total dividend for FY24 to Rs 10 per share, including the interim dividend.