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LIC, India s 5th most valued firm, may gain on strong Q3 results

LIC

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LIC to share Q3 results, announce interim dividend today Profit may rise 12%, says Emkay

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

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LIC shares hit record high, top Rs 1,100 level ahead of Q3 results; here s earnings forecast

The LIC board would be considering a proposal of interim dividend for FY24 today. Emkay Global sees LIC clocking a 12.2 per cent year-on-year (YoY) jump in net profit at Rs 7,108.70 crore for the third quarter compared with Rs 6,334.20 crore in the corresponding quarter last year.

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LIC shares fall on receiving income tax demand notices worth Rs 3,528 75 crore

The state-owned insurer received two demand orders worth Rs 3,528.75 crore from the Income Tax authorities in Mumbai.

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LIC faces Rs 806-cr GST notice from Maharashtra, plans to challenge order

The demand notice includes Rs 365.02 crore of GST dues to be paid, Rs 404.7 crore of penalty and an interest payment of Rs 36.5 crore.

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