Life Insurance Corporation of India's Q2 2024 Financial Results Show Decline in Profitability
Life Insurance Corporation of India, a leading finance and non-banking financial company (NBFC) in India, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Life Insurance has shown a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from 1 to -4 in the last three months.
One of the major factors contributing to this decline is the Profit After Tax (PAT) for the quarter, which stands at Rs 7,728.68 crore. This is a significant decrease of 26.1% compared to the average PAT of the previous four quarters, which was Rs 10,456.30 crore. The near-term trend for PAT is also negative.
Another concerning aspect is the company's Earnings per Share (EPS) for the quarter, which is at its lowest in the last five quarters at Rs 12.22. This indicates a decline in profitability and lower earnings for shareholders.
It is important to note that this article is based on the financial data provided by the company and does not include any external sources or opinions. It is intended to provide a neutral and informative overview of Life Insurance Corporation of India's financial performance for the quarter ending September 2024.
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