LIC became the most profitable financial company in March quarter – leaving behind giants like SBI, HDFC Bank

public Sector’s insurance company Life Insurance Corporation of India (LIC) has emerged as the highest profit earning company of the financial sector in the March quarter. The company’s net profit during the quarter has been more than Rs 23,420 crore. Among Central Public Sector Undertakings (CPSEs), LIC also retained the first position in terms of profit in the fourth quarter of the financial year 2025-26. LIC’s net profit for the quarter ending March 2026 increased by 23 percent to Rs 23,420 crore, from Rs 19,013 crore in the same period a year ago. The company had announced its quarterly results last week.

How much profit did SBI earn in March quarter?

According to the data available with the stock exchanges, the profit of the country’s largest bank State Bank of India (SBI) in the fourth quarter was Rs 19,684 crore and the profit of private sector HDFC Bank was Rs 19,221 crore. However, SBI overtook LIC in terms of annual profit during the entire financial year 2025-26. SBI’s annual net profit stood at Rs 80,032 crore, while LIC’s profit was recorded at Rs 57,419 crore. Similarly, HDFC Bank’s annual profit stood at Rs 74,670 crore and ICICI Bank’s profit stood at Rs 50,147 crore.

How was the performance of other government companies?

Among other government companies, Indian Oil Corporation has made a net profit of Rs 11,378 crore in the fourth quarter. After this, Coal India’s profit was Rs 10,839 crore. Whereas, Power Finance Corporation earned a profit of Rs 8,598 crore and NTPC earned a profit of Rs 8,747 crore. According to stock market data, Power Grid Corporation of India’s profit was Rs 4,546 crore, REC Ltd’s profit was Rs 3,375 crore and Steel Authority of India Ltd (SAIL)’s profit was Rs 1,680 crore. On May 23, a day after LIC’s stellar results, its shares rose nearly 5 percent to Rs 839 in early trade on BSE.

Vodafone Idea made a new record

Talking about the entire corporate sector, Vodafone Idea was the highest quarterly profit earning company in the January-March quarter with a record profit of Rs 51,970 crore. This was the company’s first quarterly profit in nearly six years, which was mainly possible due to relief in statutory liabilities. This was followed by Reliance Industries, whose net profit was Rs 16,971 crore. However, this is less than Rs 19,407 crore in the same period last year.