LIC share price declined up to 1.49% on Q2 results 2023

In this article, we will talk about the LIC share price. Life Insurance Corporation of India is an Indian multinational public sector life and it’s headquartered in Mumbai. It is India’s insurance firm as well as the most extensive institutional investor with total assets under management worth Rs 45.7 trillion as of March 2023. Since the news has come on the internet and it circulated on the internet. Now thousands of people are super curious to know about the whole information. Here we have more information about the news and we will share it with you in this article.

LIC

LIC share cost fell up to 1.49% on the BSE in morning trades on Monday. Life Insurance Corporation of India announced its Q2 FY24 effects on 10 November 2023, post-market hours. The top line declined by 9.2% and the profit fell by 49.35% YoY. As compared to the last quarter, the income grew by 6.85% and the profit decreased by 16.65%. The selling, general and organizational costs increased by 55.58% sequentially and decreased by 12.36% sequentially, and declined by 50.1% YOY. Scroll down to the next page for more information about the news.

The Earning per share came at ₹12.77 for Q2 FY24, which declined by 42.51% Y-o-Y. Commenting on the results analysts at Emkay Global Finacial Services stated that the Life Insurance Corporation of India Ltd (LIC) noted broadly in-line numbers in H1FY24, owing to weaker growth and a powerful boost in entrenched value led by equity market performance, and part-provision on account of grown family pension disadvantages. They also reported they continue to smell that structural challenges such as slower growth-led market-share loss. You are on the right page for more information about the news and we will share it with you in this article.

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As far as we know, Emkay states that on the valuation front, LIC has been trading at 0.50 times the September 2025 estimated price-to-EV ratio, with the structural challenges and a possible share sale by the government already in her cost. Also, their fair value September 2024 evaluated target cost is Rs760 for each share and they value the shares at 0.63x September-25 EV, 10% Single Stage Growth 5%. RoEV is a significant of the firm’s valuation. This indicates how much profits a firm can release each year out of the embedded value it has locked in. Here we have more information about the news and we will share it with you in this article.

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Gurleen Kaur

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