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SBI Life Insurance Company Ltd Q2FY24; 1% 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 Q2FY24 of ₹28,805.00 Crores up from ₹27,717.00 Crore year on year, a rise of 3.93%.

Total Expenses for Q2FY24 of ₹28,392.00 Crores up from ₹27,292.00 Crores year on year, a rise of 4.03%.

Consolidated Net Profit of ₹380.00 Crores up 0.8% from ₹377.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.80, up 1.06% from ₹3.76 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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