SBI Life Insurance Q3 Results: Net profit surges over 71% to ₹550.82 crore | Stock Market News
Source: Live Mint
SBI Life Insurance Company declared its December quarter results for the financial year 2024-25 (Q3FY25) on Friday, January 17. It posted a net profit of ₹550.82 crore, up a massive 71.2 percent percent from ₹321.75 crore in the same period last year. Sequentially, it rose just 4 percent from ₹529.42 crore in the September quarter.
The company’s net premium income for Q3FY25 stood at ₹24,828 crore, an 11 percent rise from ₹22,316 crore in the corresponding quarter of the previous financial year. On a QoQ basis, its net premium income rose 22 percent from ₹20,266 crore reported insurer in Q2FY25.
Post the earnings announcement, the stock rose as much as 2.7 percent to its day high of ₹1555.55. It is now around 20 percent away from its peak of ₹1,935.00, hit in September 2024. Meanwhile, it has advanced 19 percent from its 52-week low of ₹1,307.00, recorded in June 2024.
