Shares of Life Insurance coverage Company of India (LIC) on Friday ended with practically 3 per cent beneficial properties after the corporate reported a multi-fold soar in its April-June quarter web revenue to Rs 9,544 crore.
The inventory ended at Rs 659.95 apiece, up 2.78 per cent on the BSE. Through the day, it climbed 5.42 per cent to Rs 676.95.
On the NSE, it superior 2.85 per cent to settle at Rs 660 per piece.
In quantity phrases, 4.71 lakh shares of the corporate had been traded on the BSE and over 52.54 lakh shares on the NSE in the course of the day. The state-owned life insurance coverage behemoth had a web revenue of Rs 683 crore within the year-ago interval.
The overall revenue elevated to Rs 1,88,749 crore for the June quarter as towards Rs 1,68,881 crore within the year-ago interval, LIC stated in a regulatory submitting on Thursday.
Internet revenue from investments in the course of the quarter rose to Rs 90,309 crore as in comparison with Rs 69,571 crore within the April-June interval of 2022-23.
On the asset high quality entrance, gross non-performing property ratio eased to 2.48 per cent from 5.84 per cent in the identical interval a 12 months in the past.
(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
Featured Video Of The Day
“Velocity Up Make-In-India Plans,” Centre Tells Laptop computer Makers