LICILife Insurance Corporation of India
Life Insurance Corporation of India Q2 FY27 Results: Consolidated Net Profit ₹12,115 Crore on Total Income of ₹2,63,208 Crore
- Earnings
- Life insurance
Reviewed byKeshav SehgalBlacklitt Research
Life Insurance Corporation of India (NSE: LICI) reported a total income of ₹2,63,208.04 crore on a consolidated basis and ₹2,62,739.27 crore standalone for the quarter ended 30 Sep 2026, with net profit of ₹12,114.78 crore consolidated and ₹12,076.02 crore standalone, it said in a filing on 05 Nov 2026. The statement covers the quarter and the half-year ended that date.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,63,208.04 crore, up 9.5% YoY and 10.3% QoQ
- Net profit and EPS: ₹12,114.78 crore, up 20.0% YoY; basic EPS ₹9.58
- Other income: ₹135.47 crore, 0.1% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,62,739.27 crore, up 9.7% YoY and 10.5% QoQ
- Net profit and EPS: ₹12,076.02 crore, up 20.1% YoY; basic EPS ₹9.55
- Tax expense: ₹49.80 crore, 0.4% of profit before tax
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,63,208.04 | 2,40,454.46 | +9.5% | 2,38,557.67 | +10.3% | |
| Other income | 135.47 | 136.10 | -0.5% | 638.30 | -78.8% |
| 12,114.78 | 10,098.48 | +20.0% | 13,584.25 | -10.8% | |
| Profit before tax | 12,174.56 | 10,201.68 | +19.3% | 13,686.39 | -11.0% |
| Tax expense | 59.78 | 103.20 | -42.1% | 102.14 | -41.5% |
| Net profit margin | 4.60% | 4.20% | +0.40 pp | 5.69% | -1.09 pp |
| EPS, basic (₹) | 9.58 | 7.98 | +20.1% | 10.74 | -10.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 20.0% YoY, faster than total income, which grew 9.5%. Profit before tax rose 19.3% over the same period, and tax expense fell 42.1% to ₹59.78 crore, so the tax line is small relative to profit before tax.
Against the previous quarter the pattern reverses: total income rose 10.3% QoQ while net profit fell 10.8%. Other income dropped 78.8% QoQ to ₹135.47 crore, and the filing does not explain the fall in profit before tax of 11.0% from the previous quarter.
The filing notes that the quarter figures are balancing figures between the six-month and the Q1 FY27 figures. It also records amortisation of ₹464.02 crore a quarter for the family pension contribution under Note 7, which the statement charges to the revenue account.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,62,739.27 | 2,39,613.69 | +9.7% | 2,37,847.70 | +10.5% | |
| Other income | 131.75 | 134.23 | -1.8% | 634.93 | -79.2% |
| 12,076.02 | 10,053.39 | +20.1% | 13,492.03 | -10.5% | |
| Profit before tax | 12,125.82 | 10,146.97 | +19.5% | 13,583.96 | -10.7% |
| Tax expense | 49.80 | 93.58 | -46.8% | 91.93 | -45.8% |
| Net profit margin | 4.60% | 4.20% | +0.40 pp | 5.67% | -1.08 pp |
| EPS, basic (₹) | 9.55 | 7.95 | +20.1% | 10.67 | -10.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 20.1% YoY, slightly faster than consolidated net profit at 20.0%, and faster than profit before tax at 19.5%. Standalone total income grew 9.7%, slightly faster than the consolidated 9.5%.
The filing does not split the difference between the two sets of results.
Under Note 8 and Note 9, the statement records shareholder-account charges of ₹602.51 crore and ₹456.42 crore respectively for the quarter, for the Par segment expense and additional pension liability.
Inference
The filing reports a final dividend of ₹10 per equity share for FY 2025-26, approved at the AGM on 27 Jul 2026 and paid on 29 Jul 2026, after a 1:1 bonus issue allotted on 1 Jun 2026 that raised paid-up capital to ₹12,650 crore. The filing does not state a dividend for the current year.
The statement says the company has been granted forbearance from IRDAI to defer Ind AS adoption to 1 Apr 2027. The filing does not say what effect the adoption will have on the reported results.
Chief Compliance Officer change: Smt Naga Nalini Kalluri replaces Shri Jayasimhan Madabhushi Matam Tirumala from 6 Nov 2026, with the reason recorded only as consequent to the appointment. Not stated: the reason for the step-down in consolidated profit before tax against the year-ago quarter.
Filed with BSE on . Reference: Original filing (PDF)
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