LIC to report Q3 results today. Here's what to expect
growth in its profitability in the third quarter ended December 2024 even as the annual premium equivalent (APE) is expected to see a decline.
Emkay Global estimates a profit growth of 5% YoY to Rs 9908 crore, while APE may witness 19% drop to Rs 10,686 crore.
In the recent second quarter, LIC reported a 4% decline in its standalone net profit at Rs 7,621 crore for the quarter ended September 2024.
Net premium income during the same period increased 11% year-on-year (YoY) to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the previous year. Income from investments during the second quarter rose 16% YoY to Rs 1.08 lakh crore.
LIC's share price is currently experiencing a downtrend and has entered stage four of the stock cycle. Analysts say this phase is characterized by a shift from the factors that previously supported the stock's price during the topping phase to the fatigue and pressures brought on by anxious sellers.
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