LIC Has posted a Q2 Net Profit Of 15,900 Whatta result !!!!
November 12, 2022
LIC
/ News
Went deep into how LIC has posted such an explosive growth in earnings !! There has been a change in accounting policy, and with this change it might report the same kind of numbers in the quarters going forward Blockbuster earnings Q2 Net Profit 15900 CR Q2 EPS 25 LICI Life Insurance Corporation Of India Ltd - Superb results over the quarter Q2FY23 Net Profit Of 15,854 CR VS Q1FY23 Net Profit Of 603 CR VS Q2FY22 Net Profit Of 1480 CR Forward PE of just 6, I am expecting similar kind of numbers in the quarters going forward Reason being I am expecting similar kind of explosive numbers is that there has been change in accounting policy resulting in transfer of the accretion in the Available Solvency Margin from Non-Par to Shareholders funds. 4. Note No. 4 regarding change in accounting policy resulting in transfer of the accretion in the Available Solvency Margin from Non-Par to Shareholders funds amounting to Rs.14,27,180...