LIC on Thursday reported a manifold jump in net income at Rs 8,334.2 crore during the three months ended December against Rs 235 crore a year ago.

Life Insurance Corporation (LIC) earned Rs 1.11 lakh crore in net premium income during the reporting quarter against Rs 97,620.34 crore in the year-ago period.

The numbers are not comparable as the insurer was not a publicly traded company earlier.

LIC’s income from investments rose to Rs 84,889 crore from Rs 76,574.24 crore a year ago, the filing said.

Its investments into the crisis-ridden Adani group have faced tremendous criticism even though the value of the investment of close to Rs 36,000 crore is still in the green despite those shares losing almost 60 per cent of their value since January 25.

Zomato loss widens

Online food delivery platform Zomato Ltd on Thursday reported a widening of consolidated net loss at Rs 346.6 crore in the third quarter ended December 31, impacted by higher expenses and a slowdown in food delivery business.

The company had posted a consolidated net loss of Rs 67.2 crore in the same quarter last fiscal.

Hindalco PAT down

Hindalco Industries, the Aditya Birla Group metals flagship, on Thursday posted a 62.9 per cent decline in consolidated profit after tax at Rs 1,362 crore for the quarter ended December 31, mainly due to elevated input costs, unfavourable macros and inflationary impacts.

The company had posted a consolidated profit after tax of Rs 3,675 crore in the year-ago period, Hindalco said in a regulatory filing.