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LIC Q2 results: PAT rises 11-fold to Rs 15,952 crore; net income up 26%



(LIC) of India reported a greater than 11-fold bounce in second-quarter revenue on Friday, because the nation’s largest insurer recognised a achieve resulting from adjustments in its accounting coverage.


The insurer posted a revenue after tax of Rs 15,952 crore ($1.98 billion) for the three months ended Sept. 30, in comparison with Rs 1,434 crore a yr earlier.


Web premium revenue rose greater than 26 per cent to Rs 1.32 trillion , the corporate stated in an trade submitting.

(This story has not been edited by Enterprise Commonplace employees and is auto-generated from a syndicated feed.)



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