SBI Life Insurance Company Ltd Q1FY24 net profit at Rs. 381.04 crores

SBI Life Insurance Company Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 27691.96 crores during the period ended June 30, 2023 as compared to Rs. 22805.40 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 381.04 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 776.85 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 3.80 for the period ended June 30, 2023 as compared to Rs. 7.76 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 27691.96 crs	₹22805.40 crs	21.43%
Net Profit	₹381.04 crs	₹776.85 crs	-50.95%
EPS	₹3.80	₹7.76	-51.03%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 27691.96 crores during the period ended June 30, 2023 as compared to Rs.4641.12 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.381.04 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.262.85 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.3.80 for the period ended June 30, 2023 as compared to Rs.2.63 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 27691.96 crs	₹4641.12 crs	496.67%
Net Profit	₹381.04 crs	₹262.85 crs	44.96%
EPS	₹3.80	₹2.63	44.49%

Shares of SBI Life Insurance Company Limited was last trading in BSE at Rs. 1300.50 as compared to the previous close of Rs. 1318.15. The total number of shares traded during the day was 24405 in over 3490 trades.

The stock hit an intraday high of Rs. 1322.95 and intraday low of 1290.50. The net turnover during the day was Rs. 31783853.00.

Source : Equity Bulls

Keywords

SBILifeInsuranceCompany Q1FY24 ResultUpdate