SBI Life Insurance Q2 Results: Net profit grows 11% YoY to Rs 549 crore
SBI Life Insurance recorded an 11 percent increase in net profit for the second quarter. The net profit reached Rs 549 crore compared to Rs 495 crore last year. Additionally, the companys net premium income grew by 8.17 percent to Rs 26,877 crore. This increase in profit and income highlights the companys strong financial performance in the current fiscal year. Shares of SBI Life closed at Rs 1,634.
SBI Life Insurance on Tuesday reported an 11 per cent rise in net profit to Rs 549 crore for the second quarter ended September 30 in the current fiscal.The company had posted a net profit of Rs 495 crore in the September quarter of the preceding financial year.In a regulatory filing, SBI Life said its net premium income grew 8.17 per cent to Rs 26,877 crore during the second quarter of FY27, from Rs 24,848 crore in the corresponding period a year ago.Shares of SBI Life closed at Rs 1,634.65 apiece, down 0.45 per cent, on the BSE.(You can now subscribe to our ETMarkets WhatsApp channel)
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