The consolidated net profit of the country’s largest insurance company LIC in the second quarter (July-September) of FY 2024-25 fell by 3.8% on an annual basis (YoY) to ? 7,729 crores. In the same quarter a year ago, the company had a profit of ? 8,030 crores. Life Insurance Corporation of India (LIC) has released its second quarter results today i.e. on 8 November. The total income of the company has increased by 13.84% on an annual basis. Total income in the second quarter was ? 2,30,413 crores Total income in the second quarter of FY25 was ? 2,30,413 crores. In the same quarter a year ago i.e. in the second quarter of FY24, the total income was ? 2,02,395 crores. LIC gave 50% return in one year. LIC share today closed down by 1.52% at ? 915.55. In the last one year, the company’s share has given a return of 50% to its investors. The market cap of the company is Rs 5.79 lakh crore. What is standalone and consolidated? Results of companies come in two parts- standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in consolidated or consolidated financial report, the report of the entire company is given.
