LIC Q3 Results: Cons PAT jumps 16% YoY to Rs 11,009 crore, net premium income down 9%
The net premium income in Q3FY25 stood at Rs 1,07,302 crore, down 9% from Rs 1,17,432 crore reported in the corresponding quarter of the last financial year.
The profit after tax (PAT) jumped 42% on a sequential basis versus Rs 7,729 crore reported by the state insurer in Q2FY25.
Meanwhile, the net premium income fell 11% on a quarter-on-quarter basis against Rs 1,20,326 crore in the July-September quarter of FY25.
The earnings were announced after market hours and the LIC shares ended at Rs 811 on the NSE on Friday, falling by Rs 17.80 or 2.15% over Thursday’s closing price.
Q3 Revenue Break-up
LIC’s revenue from First Year Premium stood at Rs 7,334 crore, down from Rs 11,245 crore in Q2FY25 and Rs 8,469 crore in the year-ago period. Renewal premium witnessed a YoY and QoQ uptick at Rs 64,923 crore in Q3FY25 versus Rs 62,236 crore in Q2FY25 and Rs 62,719 crore in Q3FY24.The single premium segment witnessed a significant downtick in the reported quarter at Rs 35,172 crore against Rs 46,998 crore in Q2FY25 and Rs 46,451 crore in Q3FY24.
