India's most most profitable government company is...., not SBI, SAIL, NTPC, ONGC, Coal India, BHEL
LIC- File image
LIC quarter results: In a significant development for the government-owned statutory body, the Life Insurance Corporation of India (LIC) become the highest profit-making company among public sector undertakings (PSUs) in the January-March quarter of the last financial year (2024-25). In its recent filing, LIC reported a net profit increase by 38 percent to a record Rs 19,013 crore.
As per the recent report by IANS, State Bank of India (SBI), and insurance giant Life Insurance Corporation of India (LIC) led the charge with a net profit of Rs 18,643 crore and Rs 19,013 crore, respectively. Additionally, SBI's net profit for the financial year 2024-25 soared to Rs 70,901 crore, while LIC has recorded an impressive net profit of Rs 48,151 crore for the year.
Therefore, it can be said that it is LIC which has left behind SBI, SAIL, NTPC, ONGC, Coal India, BHEL and became the government company with highest profits. LIC clocks 38 pc jump in Q4 net profit at Rs 19,013 crore
The Life Insurance Corporation of India recently reported a 38 per cent jump in net profit to Rs 19,013 crore for the January-March quarter of the financial year 2024-25 compared to the corresponding figure of Rs 13,763 crore in the same period of the previous year, as per a report by news agency IANS.
The statutory body declared a final dividend of Rs 12 per share for FY25. Notably, the Board has fixed July 25, 2025, as the 'record date' for ascertaining the eligibility of members of the corporation for the proposed final dividend, the LIC said in a stock exchange filing.
Readers can also note that the net premium income of LIC in the fourth quarter of FY25 was Rs 1.47 lakh crore, compared with Rs 1.52 lakh crore in the same quarter of the previous year. As on March 31, 2025, the insurer's solvency ratio was at 2.11 times as against 1.98 times a year ago.
(With inputs from agencies)
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