🌟 LIC profit rose multifold to Rs.683 Cr 🌟

#LICI Q1 result Highlights:

🔸 PAT stood at Rs.682.89 Cr compared to Rs.2.94 Cr in the year-ago period.

🔸 The total premium income is up by 20.35% to Rs.98,351 Cr. to Rs.81721 Cr in the year-ago period.

🔸 During the quarter, LIC sold 36.81 lakh individual policies compared to 23.07 lakhs in the Q1 of FY22.

🔸 The overall market share by First Year Premium Income stood at 65.42%.

🔸 Compared to the previous quarter, the performance was down across the parameters.

🔸 LICs n net NPA declined to Rs.9 Cr from Rs.194 Cr in the Q1 FY22, while gross NPA improved to 5.84% compared to 7.77%.

🔸 The solvency ratio stood at 188.54% compared to 173.54% on YoY basis

🔸As per the charts, the stock is moving in a channel hence it is necessary to wait for the momentum before initiating the new position.

🔸 As of now, there are no bullish are bearish signs, breaking the range may create directional momentum

Disclaimer: The information mentioned above is only for educational purposes. Kindly contact your financial advisor before trading/investing 💰

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