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HomeNewsBusinessMoneycontrol ResearchLIC – modest performance in Q1 FY25, but valuation remains main draw

LIC – modest performance in Q1 FY25, but valuation remains main draw

Margins improvement will take time, but the product-mix story is playing out

August 12, 2024 / 12:39 IST
LIC – modest performance in Q1 FY25, but valuation remains main draw

LIC Q1 FY25 performance

Highlights

  • Top-line growth revives, led by group business in Q1 FY25
  •  Product mix improves, focus is on growing non-par products
  • Margins fall across products, but overall margin inch up slightly due to better product mix
  • Valuation reasonable despite the rally

Life Insurance Corporation of India (CMP: Rs 1,089; Mcap: Rs 688,792 crore; Rating: Overweight) posted a moderate earnings performance in the first quarter of FY25 (Q1 FY25). While top-line growth was healthy and there was a slight improvement in margins, LIC’s

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