Life Insurance Corporation of India Q2 Results Live : Life Insurance Corporation of India has released its Q2 results on November 8, 2024, reporting a topline increase of 13.77% compared to the previous year. However, the company’s profit fell by 3.76% year-over-year, signaling mixed performance amid growth in revenue.
In comparison to the previous quarter, Life Insurance Corporation saw a revenue growth of 9.04%, but profits took a significant hit, declining by 26.7%. This trend raises questions about the company’s operational efficiency in the short term.
The Selling, General & Administrative expenses rose by 6.56% quarter-over-quarter, while showing a decrease of 22.2% year-over-year. This indicates a strategic effort to manage costs effectively over a longer period.
Despite the revenue growth, operating income saw a substantial decline of 32.09% quarter-over-quarter and an 18.69% year-over-year decrease, which could impact future profitability if the trend continues.
Earnings per share (EPS) for Q2 stood at ₹11.34, reflecting an 11.22% decrease year-over-year, further emphasizing the challenges faced by the company in maintaining profitability.
Life Insurance Corporation of India has shown a return of 0.72% in the last week, 3.05% over the past six months, and a notable 11.68% year-to-date return, indicating overall stability in its stock performance despite the recent quarterly results.
As of November 9, 2024, the company holds a market capitalization of ₹588,035.1 Cr, with a 52-week high and low of ₹1222 and ₹598.25 respectively, showcasing considerable volatility in its stock price.
Out of 18 analysts covering the company, there is a mixed sentiment with 3 analysts giving a Sell rating, 4 recommending Hold, 3 suggesting Buy, and 8 endorsing a Strong Buy. The consensus recommendation as of November 9, 2024, remains a Buy, reflecting confidence in the company’s long-term prospects.
Life Insurance Corporation of India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 231280.49 | 212100.82 | +9.04% | 203284.4 | +13.77% |
| Selling/ General/ Admin Expenses Total | 10607.99 | 9954.65 | +6.56% | 13635.55 | -22.2% |
| Total Operating Expense | 225069.46 | 202955.34 | +10.9% | 195646.11 | +15.04% |
| Operating Income | 6211.03 | 9145.48 | -32.09% | 7638.29 | -18.69% |
| Net Income Before Taxes | 6255.43 | 9186.17 | -31.9% | 7674.82 | -18.49% |
| Net Income | 7728.68 | 10544.33 | -26.7% | 8030.28 | -3.76% |
| Diluted Normalized EPS | 11.34 | 16.73 | -32.22% | 12.77 | -11.22% |
