LIC reports 3.51% growth in profit after tax for H1 FY 2024
The Board of Directors of Life Insurance Corporation of India (LIC) has approved and adopted the standalone and consolidated financial results for the six months ending 30 September.
The Board of Directors of Life Insurance Corporation of India (LIC) has approved and adopted the standalone and consolidated financial results for the six months ending 30 September.
LIC's profit after tax fell to 76.21 billion rupees ($903.6 million) for the quarter ended September from 79.25 billion rupees a year earlier.
The second quarter profit of the power transmission giant remained flat as it had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023.
The leading global engineering services company reported operating revenue at Rs 1,296 crore, up 2.1 per cent YoY and 2.2 per cent QoQ.
Adani Wilmar Ltd on Thursday reported its highest-ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).
Riding on its green energy portfolio, Bajaj Auto on Wednesday reported a net income of Rs 2,005 crore in the July-September quarter (Q2 FY25), up 9 per cent from a year-ago period.
The Ajay Singh-run airline's revenue from operations in the first quarter fell 15 per cent to Rs 1,708 crore compared to Rs 2,004 crore in the same period last year.
The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
The National Stock Exchange (NSE) on Wednesday reported a net profit of Rs 2,567 crore for the April-June quarter (Q1 FY25), up by 39 per cent (year-on-year).
Its India business saw quarterly revenues of Rs 29,046 crore -- up 10.1 per cent backed by strong and consistent performance across the portfolio, said the company.
