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State-owned insurer LIC on Friday reported a multi-fold jump in net profit to ₹15,952 crore in the September quarter, boosted by profits from its investments.
The insurer had a net profit of ₹1,434 crore in the year-earlier period, according to a regulatory filing.
Total premium income rose to ₹1,32,631.72 crore in the second quarter of the current fiscal from ₹1,04,913.92 crore in the same period a year earlier.
Total income increased to ₹22,29,488.5 crore in the latest September quarter compared with ₹18,72,043.6 crore in the year-earlier period.
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