LIC Q3 Outcomes: Numerous shock to the nation’s largest life insurance coverage firm, an enormous lower in web revenue from premium – INA NEWS

LIC Q3 Outcomes: The December quarter was blended for the nation’s largest life insurance coverage firm LIC. Life Insurance coverage Company (LIC )’s web premium revenue fell 9 per cent on an annual foundation within the December quarter however the Standelone Internet Revenue jumped 17 per cent. Earlier than the outcomes, LIC shares slipped underneath promoting strain immediately and closed within the pink zone on the finish of the day. Its shares on BSE immediately fell 1.56 per cent to shut at Rs 815.95 at Rs 815.95, whereas in Intra-Day it slipped by 2.27 per cent to Rs 810.00.

LIC Q3 Outcomes: Particular issues

LIC’s web premium revenue fell 9 per cent to Rs 1,06,891 crore within the December 2024 quarter. There’s a distinction between the entire premium revenue and reinforcement price obtained from NET premium revenue policyholders for all times insurance coverage firms. That is the true income of the insurance coverage firm, which the insurance coverage firm acquires by promoting the coverage. Nevertheless, throughout this time, LIC’s Standelone Internet Revenue jumped 17 per cent to Rs 11,056 crore. The financial institution’s whole revenue fell from Rs 2,12,447 crore to Rs 2,01,994 crore throughout this era.

How was the transfer of shares in a 12 months

LIC shares have been at Rs 1221.50 on 1 August 2024 final 12 months, which is a file excessive degree for its shares. This increase of shares stopped right here and in six months from this excessive degree, it slipped greater than 34 per cent on 28 January 2025 final month at Rs 804.60, which is a file low of 1 12 months for its shares. On the decrease degree shares have been recovered by about one and a half p.c of the shares and purchases, however nonetheless LAC shares are about 33 per cent of the one -year highs.

Why Banking Shares Fall: Repo charge reduce, but banking share