Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January–March quarter, reporting a net profit of more than ₹23,400 crore.
The state-owned insurer also retained the top position among Central Public Sector Enterprises (CPSEs) in terms of fourth-quarter profit for FY26.
LIC reported a 23% increase in net profit, reaching ₹23,420 crore in the March quarter, compared to ₹19,013 crore during the same period of the previous financial year.
Among financial sector companies, LIC was followed by State Bank of India (SBI), which posted a quarterly profit of ₹19,684 crore. HDFC Bank secured the third position with a profit of ₹19,221 crore during the quarter, based on financial results disclosed on stock exchanges.
While LIC led in quarterly profitability, SBI recorded the highest annual profit among the financial institutions mentioned. The country’s largest lender reported a profit of ₹80,032 crore in FY26, ahead of LIC’s annual profit of ₹57,419 crore.
HDFC Bank reported an annual profit of ₹74,670 crore, while ICICI Bank posted a profit of ₹50,147 crore during FY26.
The strong quarterly performance helped LIC secure the top spot in the Indian financial sector for the January–March period, reinforcing its position among the country’s leading profit-generating enterprises.
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