<p>Shares of LIC jumped over 9 per cent on Monday morning after the firm reported a multi-fold jump in net income at Rs 15,952 crore in the quarter ended September 30.</p>.<p>The stock rallied 8.70 per cent to Rs 682.70 on the BSE.</p>.<p>At the NSE, it climbed 9.11 per cent to Rs 684.90.</p>.<p>A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped the national insurer LIC on Friday report a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, from Rs 1,434 crore a year-ago.</p>.<p>More than 40 per cent of the net income came in from profit from investments which reached Rs 6,798.61 crore, but down from the year-ago period when it had booked Rs 6,961.14 crore.</p>.<p>The bottom-line was also boosted by gains from changes in its accounting policy, the nation's financial powerhouse said in exchange filings.</p>.<p>In the June quarter, which was its first earnings after going public in May with an over Rs 20,530-crore IPO, the insurer had reported a net profit of just Rs 682.9 crore.</p>
<p>Shares of LIC jumped over 9 per cent on Monday morning after the firm reported a multi-fold jump in net income at Rs 15,952 crore in the quarter ended September 30.</p>.<p>The stock rallied 8.70 per cent to Rs 682.70 on the BSE.</p>.<p>At the NSE, it climbed 9.11 per cent to Rs 684.90.</p>.<p>A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped the national insurer LIC on Friday report a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, from Rs 1,434 crore a year-ago.</p>.<p>More than 40 per cent of the net income came in from profit from investments which reached Rs 6,798.61 crore, but down from the year-ago period when it had booked Rs 6,961.14 crore.</p>.<p>The bottom-line was also boosted by gains from changes in its accounting policy, the nation's financial powerhouse said in exchange filings.</p>.<p>In the June quarter, which was its first earnings after going public in May with an over Rs 20,530-crore IPO, the insurer had reported a net profit of just Rs 682.9 crore.</p>