LIC This fall Outcomes: Not too long ago, LIC, the biggest public sector insurance coverage firm listed within the inventory market, has declared its outcomes for the fourth quarter of 2021-22. LIC’s revenue declined by 17.41 per cent throughout this era. LIC’s revenue has been Rs 2409.39 crore, whereas within the fourth quarter of 2020-21, the revenue was Rs 2917 crore.
Announcement to pay dividend of Rs 1.50 per share
LIC’s complete premium has been Rs 1,44,158 crore, which is 17.88 p.c extra. In the identical quarter of 2020-21, the online premium was Rs 1,22,290 crore. LIC has additionally introduced to provide dividend to its buyers on the charge of Rs 1.50 per share. LIC has earned a complete revenue of Rs 67,855 crore from its investments. The revenue from funding on this quarter in 2020-21 has been Rs 67,684.27 crore.
Share closed in inexperienced mark
Earlier right this moment, because of the rise available in the market, the inventory of LIC has climbed about 2 p.c and closed at Rs 837. Nevertheless, that is a lot lower than the difficulty worth of IPO Rs 949. LIC’s market capitation has reached Rs 5.29 lakh crore. Nevertheless, after the closure of the market, the monetary outcomes of LIC have come, whether or not the market has favored the consequence or not, it will likely be identified in Tuesday’s buying and selling session.
learn this additionally