LIC share price: CNBC-Awaaz associate Yash Jain has had an exclusive conversation with the company’s CEO and MD Siddharth Mohanty on the results and future plans of the country’s largest insurance company LIC. In this conversation, Siddharth Mohanty said that the company’s APE growth rate in the first quarter has been higher than expected. There has been a slight decline in margin growth. Margin growth will increase in the coming quarters. The target is 19-20 percent VNB margin in this financial year. LIC will also enter the health insurance business. Work is going on in the health insurance business. Taking a stake in a standalone health insurance company is being considered. The acquisition is likely to be completed in this financial year. In this conversation, he further said that the government will take the decision to disinvest IDBI Bank. LIC will remain invested in IDBI Bank till the insurance level.
A look at the company’s results
The country’s leading insurance company Life Insurance Corporation of India (LIC) has released the results for the first quarter of the financial year 2025 on 8 August yesterday. The company’s consolidated net profit has increased by 9 percent in the April-June quarter. The company has earned a profit of Rs 10,544 crore during this period. The company’s net profit in the same quarter last year was Rs 9,635 crore. LIC’s net premium income increased by 16 percent to Rs 1.14 lakh crore in the first quarter of FY 2025, while it was Rs 98755 crore in the first quarter of FY 2024.
How was the movement of the stock
If we look at today’s movement of LIC, then this stock closed at Rs 1133.45 on NSE with a gain of Rs 7.85 i.e. 0.70 percent. Today its day’s high is Rs 1,160 and day’s low is Rs 1,128.95. The stock’s 52 week high is Rs 1,222 and 52 week low is Rs 597.35. The trading volume of the stock was 3,598,457 shares.
LIC has shown negative growth of 3.91 percent in 1 week. At the same time, this stock has run up 9.79 percent in 1 month. In 3 months, the stock has given a return of 25.64 percent. At the same time, so far this year it has earned 36.15 percent. At the same time, in 1 year it has given a return of 76.02 percent.
