Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
companies will announce their fourth-quarter earnings on Monday with some important names in the mix including LIC, NMDC, National Aluminium Company, and Natco Pharma.
Other companies which will also announce their results include Sumitomo Chemical India, Elgi Equipments, NMDC Steel, AstraZeneca Pharma India, Juniper Hotel, Kirloskar Industries, Dish TV India, Flair Writing Industries, Vishnu Prakash R Punglia, DCM Shriram Industries, Motisons Jewellers and many more.
LIC Q3 earnings
State-owned Life Insurance Corp (LIC) reported a standalone net profit of Rs 9,444 crore for the quarter ended December 2023. The profit was up 49% from Rs 6,334 crore posted in the same quarter of 2022.
The net premium income for the third quarter rose 5% year-on-year to Rs 1.17 lakh crore, compared with Rs 1.11 lakh crore in the corresponding quarter of the previous year.
In terms of market share measured by first-year premium income, LIC continues to be the leader in the Indian life insurance business with an overall market share of 58.90%.
The solvency ratio during the third quarter improved to 1.93%, as against 1.9% in the preceding September quarter and 1.85% a year earlier.
The yield on investments in policyholders' funds (with unrealised gains) stood at 21.24% in the October-December 2023 period.
The assets under management (AUM) increased to Rs 49.66 lakh crore as of December 2023, compared to Rs 44.34 lakh crore as of December 2022, registering an increase of 12% year-on-year.
NMDC Q3 earnings
State-owned NMDC posted
