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Will LIC’s FY23 earnings boost investor confidence?

Healthy business growth with improving product mix, if sustained, can lead to a valuation re-rating of the life insurer gradually

May 26, 2023 / 09:38 AM IST
Will LIC’s FY23 earnings boost investor confidence?


PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Profits soar on accounting change Top-line growth healthy  Incremental growth driven by group and non-par products Product mix improving gradually VNB margin improves Valuation pricing in all concerns Public markets can be ruthless. The huge underperformance of the stock of state-owned Life Insurance Corporation of India (CMP: 604, Mcap: Rs 381,776 crore) highlights this point. The LIC’s stock has traded below the IPO price ever since its listing and lost over 35 percent since its market debut in May ’22. This weak performance is despite the...

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