LIC tops PSUs chart with record ₹19,013 crore profit in Q4; check who is 2nd on the list

The company posted a little over ₹19,000 crore net profit.

Last week, LIC reported a 38% jump in net profit for the January-March FY25 quarter at a record ₹19,013 crore as compared to ₹13,763 crore logged in the corresponding quarter of the previous fiscal year.

The state-run insurance company was followed by the country's biggest lender, State Bank of India (SBI), with a profit of ₹18,643 crore during the fourth quarter.

However, SBI was ahead of LIC in terms of annual profit, as it earned ₹70,901 crore in FY25 as against ₹48,151 crore of LIC.

Among other PSUs, Coal India (CIL) earned a net profit of ₹9,604 crore in the quarter, followed by Power Finance Corporation (PFC) earning ₹8,358 crore and NTPC ₹7,897 crore, as per the data available on stock exchanges.

In the oil sector, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of ₹7,265 crore, followed by exploration giant ONGC at ₹6,448 crore.

Other Central Public Sector Enterprises (CPSEs) like REC Ltd posted a net profit of ₹4,304 crore, Power Grid Corporation of India (₹4,143 crore) and Steel Authority of India Ltd, or SAIL (₹1,251 crore).

A day after the Q4 results, LIC's share price jumped 8% to settle at ₹942.55 apiece on the BSE on May 28. During the day, the scrip rallied 8.83% to ₹948.

The company's market valuation climbed by ₹45,223.74 crore to ₹5,96,162.66 crore.

LIC's assets under management (AUM) increased to ₹54,52,297 crore as of March 31, 2025, as compared to ₹51,21,887 crore seen on March 31, 2024, registering an increase of 6.45% year-on-year.

During the quarter, LIC's income from renewal premiums rose to ₹79,138 crore compared to ₹77,368 crore a year ago.

At the same time, management's expenses came down to ₹16,495 crore from ₹24,709 crore in the same period a year ago.

LIC Q4 Results: Other Key Updates

Asked about updates on picking up stakes in a standalone health insurer, LIC MD and CEO Siddhartha Mohanty said the process is in the "advanced stage" and the proposal would be taken to the board in 2-3 months.

The board would take a call on the quantum of stake buy and other details, the MD said, adding other modalities, including regulatory approvals, would follow thereafter.

During the entire financial year ended March 2025, LIC earned a profit of ₹48,151 crore compared to ₹40,676 crore logged in the previous fiscal year, registering a growth of 18%.

Total income during the financial year rose to ₹8,84,148 crore as against ₹8,53,707 crore recorded in the previous financial year.