Life Insurance Corporation of India standalone net profit declines 18.04% in the March 2022 quarter

Sales rise 18.19% to Rs 143745.92 crore

Net profit of Life Insurance Corporation of India declined 18.04% to Rs 2371.55 crore in the quarter ended March 2022 as against Rs 2893.49 crore during the previous quarter ended March 2021. Sales rose 18.19% to Rs 143745.92 crore in the quarter ended March 2022 as against Rs 121626.06 crore during the previous quarter ended March 2021.

For the full year,net profit rose 39.39% to Rs 4043.12 crore in the year ended March 2022 as against Rs 2900.57 crore during the previous year ended March 2021. Sales rose 6.10% to Rs 427419.21 crore in the year ended March 2022 as against Rs 402844.34 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales143745.92121626.06 18 427419.21402844.34 6 OPM %1.463.12 -2.612.56 - PBDT2313.233914.03 -41 11945.3510894.54 10 PBT2313.233914.03 -41 11945.3510894.54 10 NP2371.552893.49 -18 4043.122900.57 39

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