LIC Q4FY23 Results: Consolidated PAT Rises to Rs 13190.79 Cr

LIC Q4FY23 Results: Consolidated PAT Rises to Rs 13190.79 Cr

LIC Limited Q4 results show a revenue rise from 197663.01 to 201021.88 crores, a 1.70% increase in growth. EPS also rise from ₹10.04 to ₹20.86, up by 00%.

First, Let’s Begin with Quarter-on-Quarter Basis:

LIC Ltd. shared its Q4 results on Tuesday. They earned 201021.88 crores in revenue this quarter, but that’s higher than the 197663.01 crores they made last quarter. The company’s growth increased by 1.70 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 13190.79 crores, up from 6348.71 crores in the previous quarter. Their quarter-to-quarter growth inclined by 107.77 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹20.86, which is an increase of 107.77% from the ₹10.04 EPS in the previous quarter.

Also read: ” Oil India Q4FY23 Results: Consolidated PAT of Rs 1742.83 Cr “

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 791234.48 crores this year (2023), which is 7.98 percent higher than last year’s total revenue of 732743.41 crores.

This year’s PAT (Profit After Tax) is 35996.65 crores, which is also 772.71% higher than last year’s PAT of 4124.70 crores.

The EPS (Earnings Per Share) for this year is ₹56.91, which is 772.85% more than the EPS of ₹6.52 earned last year.

LIC Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹3 per Equity Share of Face Value of ₹10 each of the Company (30% of Face Value). Total Dividend for FY23 stood at ₹1.90 per Equity Share (Interim Dividend of ₹10 per Equity Share)

DividendRecord Date
₹3 per Equity Share21/07/2023

About LIC:

The Life Insurance Corporation of India, headquartered in Mumbai, is a prominent public sector life insurance company. It holds the distinction of being India’s largest insurance company and serves as the largest institutional investor in the country, managing total assets worth ₹41 trillion as of May 2022.

Download Full PDF Q4 Results: Click Here

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