LIC Q3 earnings: Emkay APE falling 14.3 per cent YoY to Rs 10,561.70 crore compared with Rs 12,317 crore in the year-ago quarter. Value of new business (VNB) is seen at Rs 1,641.10 crore against Rs 1,801 crore YoY
Analysts expect LIC s positive upside to continue with the possibility of growth revival in FY25 and a potential step change in dividend. LIC s shares have been performing well, supported by favorable valuation and strong EV growth.
LIC Q3 Results: 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 previous year. First year premium for the reporting quarter fell 13% to Rs 8,429 crore. It was Rs 9,725 crore a year ago. Income from investments jumped 12% year-on-year to Rs 95,267 crore.