In LIC Share News Today, we got to know LIC Q1 results. LIC reported a multifold jump in its June quarter net profit at Rs 682.89 crore. LIC’s first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting. The net profit had come at Rs 2,371 crore, the first-year premium stood at Rs 14,614 crore and total income stood at Rs 2,11,451 crore in the March quarter. When compared with the preceding March quarter, the performance was down across parameters, the filings showed. The total income came at Rs 1,68,881 crore for the June quarter as against Rs 1,54,153 crore in the year-ago period, it said.
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