The Indian Life Insurance Corporation (LIC) has done excellently in the January-March quarter of this financial year and has overtaken all public sector companies. LIC has made a huge net profit of Rs. The giant company in the insurance sector has come to the top spot in the profit race based on the faith and strong strategy of the people. SBI, the country’s largest public bank after LIC, is ranked second, which made a profit of Rs.
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At the SBI front in the annual profit
If we talk about the entire financial year of 1-3, SBI is number one with a profit of Rs. 9,9 crore, while LIC has recorded a net profit of Rs.
After the announcement of the LIC results, on May 7, their shares increased by 5% to Rs. During trading, the stock reached Rs. The company’s market cap increased by 1.5 crore to 1.99 lakh crore.
AUM also increases as well
LIC’s Asset Under Management (AUM) also increased to 5.5 lakh crore from 5.5 lakh crore in March last year.
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Performance of other major public sector companies
Coal India 1, 2 crore
PFC
NTPC 1,949 crore
IOC
ONGC
REC Ltd.
Power Grid
Cell
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