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SBI Life Insurance Company Ltd Q1FY24; 45% rise in Profits

SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.

Financial Results:

SBI Life Insurance Company Ltd reported Revenues for Q1FY24 of ₹27,895.00 Crores up from ₹4,806.00 Crore year on year, a rise of 480.42%.

Total Expenses for Q1FY24 of ₹27,471.00 Crores up from ₹4,516.00 Crores year on year, a rise of 508.3%.

Consolidated Net Profit of ₹381.00 Crores up 44.87% from ₹263.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.81, up 44.87% from ₹2.63 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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