LIC Q4: Massive Jump In Net Profit, Declares Rs 3/Share Dividend

State-owned insurance group and investment company, Life Insurance Corp (LIC) on May 24 announced its standalone net profit jumped to Rs 13,428 crore, up 466% for the quarter ended March against Rs 2371 crore announced in the corresponding quarter of last year. Board Of directors of LIC recommended a final dividend of Rs 3 per equity share for the year ended March 31, 2023. LIC share rallied 0.61% intraday to end at Rs 593.55 per share on BSE. Check details below:

LIC Declares Dividend: According to the BSE filing of the company, "The Board of Directors of the Corporation has recommended final dividend of Rs 3 per equity share with face value of Rs.10 each for the year ended March 31, 2023, which is subject to declaration by Shareholders in AGM."

LIC Q4: The company net premium income witnessed a decline of 8% to Rs 1.31 lakh crore during March quarter against Rs 1.43 lakh crore reported in the corresponding quarter of last year.

LIC Stock Performance & Return: The last trading of LIC share is Rs 593.55 per share. LIC stock 52-week high price is Rs 841.00 per share and 52-week low price is Rs 530.20 per share, respectively. The company's market capitalisation is Rs 3,75,420.24 crore. LIC share gave return of 6% in last 2-weeks, 8% in last 1-month, 2% in last 3-montsh, declined over 4% in last 6-months, and fell 27% in last 1-year.