LIC emerged as the most profitable financial company in the January-March quarter

State-owned Life Insurance Corporation of India (LIC) emerged as the most profitable company in the Indian financial sector in the March quarter, posting Rs. 23,400 crores is a little over.

Among the central public sector enterprises too, the corporation retained the top position in fourth-quarter profit for FY26.

Last week, LIC’s net profit rose 23 percent in the March quarter to Rs. 23,420 crore was recorded in the same period of the previous year which was Rs. 19,013 crores.

According to financial data posted on exchanges, during the fourth quarter the country’s largest lender State Bank of India (SBI) and second largest lender HDFC Bank respectively posted Rs. 19,684 crore and Rs. 19,221 crore profit was made.

However, SBI significantly outperformed LIC in annual profit, which in FY26 was LIC’s Rs. 57,419 crore as against Rs. 80,032 crore earned.

Similarly, HDFC Bank’s profit is Rs. 74,670 crore while ICICI Bank’s profit was Rs. 50,147 crores.

Among other PSUs, Indian Oil Corporation (IOC) reported Rs. 11,378 crore in net profit, followed by Coal India at Rs. 10,839 crore, while Power Finance Corporation (PFC) has invested Rs. 8,598 crore and NTPC Rs. 8,747 crore earned, according to data available on stock exchanges.

Other Central Public Sector Enterprises (CPSEs) such as Power Grid Corporation of India have invested Rs. 4,546 crore profit, REC Ltd’s net profit was Rs. 3,375 crore and Steel Authority of India Limited Rs. 1,680 crore profit was reported.

A day after LIC’s stellar performance, its shares rose 5 percent in early trade on May 23 to Rs. was at 839.

LIC’s Assets Under Management (AUM) by March 31, 2026 will increase to Rs. 57,29,396 crores, which on March 31, 2025 was Rs. 54,52,297 crore, registering an increase of 5 percent year-on-year.

During the year, LIC’s total premium income rose from a year earlier to Rs. 54,52,297 crore, up 10 percent to Rs. 54,52,297 crores. At the same time, the adjusted net worth in FY25 was Rs. 1,20,258 crores to Rs. 1,69,605 crores.

Among the entire corporate sector. Vodafone Idea in January-March quarter Rs. It became the highest quarterly profit earner with a record bottom line of Rs 51,970 crore, its first in almost six years mainly due to relaxation of statutory obligations.

After that the net profit of Reliance Industries was Rs. 16,971 crore, compared to Rs. 19,407 crores.