State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit making company among PSUs in March quarter FY25, netting a little over ₹19,000 crore.
Last week, LIC reported 38% jump in net profit for January-March FY25 at record ₹19,013 crore as compared to ₹13,763 crore in the corresponding quarter in the previous year.
The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with ₹18,643 crore profit 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 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.
31 October 2025
Get the latest issue of Outlook Business
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 (₹1,251 crore).
A day after the stellar performance of LIC, its shares jumped 8% to settle at ₹942.55 apiece on the BSE on May 28. During the day, it jumped 8.83% to ₹948.
The company's market valuation climbed ₹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 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, expenses of management came down to ₹16,495 crore from ₹24,709 crore in the same period a year ago.
