Largest life insurer in India, LIC posted impressive growth in the bottom-line for the fourth quarter of FY23. Consolidated Q4 FY23 PAT stood at ₹13,190.79 crore, rising by a breathtaking 447.47% or 5.5 folds year-on-year. In the previous fiscal's Q4, the PAT stood merely at ₹2,409.39 crore.
Sequentially, the growth was 107.77% in Q4 PAT.
The latest profitability is after tax and extraordinary items.
LIC board of directors recommended a dividend of ₹3 per equity share for FY23.
(With inputs from agencies)