LICI · Financial Services
Life Insurance Corporation of India reported total income of ₹2.31 lakh cr for July to September 2024, +13.8% on the year and +9.0% on the quarter.
Net profit was ₹7,723 cr, −3.8% on the year and −26.6% on the quarter, with earnings per share of ₹6.11. The tax rate of 16% is in line with its recent average.
Insurers are read on premium growth and, for life insurers, the value of new business; accounting profit says little about one quarter. The quarterly statements do not carry premium growth, value of new business margin and the solvency ratio; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹2.14 lakh cr | ₹2.39 lakh cr | ₹2.12 lakh cr | ₹2.31 lakh cr | ₹2.04 lakh cr | ₹2.43 lakh cr | ₹2.25 lakh cr | ₹2.39 lakh cr | ₹2.36 lakh cr | ₹2.77 lakh cr | ₹2.37 lakh cr | ₹2.62 lakh cr |
| YoY | — | — | +11% | +14% | −5% | +2% | +6% | +4% | +16% | +14% | +6% | +10% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 15% | 12% | 15% | 16% | 14% | 15% | 15% | 1% | 15% | — | 1% | 0% |
| Net profit | ₹9,434 cr | ₹13,842 cr | ₹10,527 cr | ₹7,723 cr | ₹11,009 cr | ₹19,039 cr | ₹10,955 cr | ₹10,098 cr | ₹12,908 cr | ₹23,467 cr | ₹13,584 cr | ₹12,115 cr |
| YoY | — | — | +9% | −4% | +17% | +38% | +4% | +31% | +17% | +23% | +24% | +20% |
| EPS | ₹7.49 | ₹10.94 | ₹8.34 | ₹6.11 | ₹8.70 | ₹15.05 | ₹8.66 | ₹7.95 | ₹10.22 | ₹18.55 | ₹10.67 | ₹9.58 |
| Flags | · | · | · | · | · | · | · | 1 | · | 1 | · | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Life Insurance Corporation of India reported total income of ₹2.31 lakh cr (+13.8% on the year) and net profit of ₹7,723 cr (−3.8% on the year) for July to September 2024.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.