SBI Life Insurance share price skyrockets 9% post Q4 Results
Published on 25/04/2025 09:29 AM
Stock Market Today: SBI Life Insurance Company share price gained 9% in the morning trades on Friday post Q4 Results that were declared by SBI Life after the market hours on Thursday.
The SBI Life Insurance Company share price opened at ₹1715.30 on the BSE on Thursday, and started gaining right from the time of start of the trading session . At the time of opening, SBI Life Insurance Company share price had opened 6.6% higher than previous day's closing price of ₹1608.85. The SBI Life Insurance Company share price thereafter gained further to the intraday highs of ₹1763, which meant gains of more than 9% for the SBI Life Insurance Company share price during the morning trades
SBI Life Insurance consolidated net profit for the March quarter increased by 0.3% year over year (YoY) to ₹813.5 crore from ₹810.8 crore in the same period the previous year.
The renewal premium surged from ₹13,003.2 crore to ₹14,680.3 crore, a 12.9% YoY increase. However, single premiums decreased from ₹7,709.5 crore to ₹4,462.5 crore, a 42.1% YoY decline. In comparison to ₹851 crore during the same period previous year, net commission increased 17.2% to ₹998 crore.
Jefferies India Ltd post Q4FY25 results for SBI Life Insurance company said that the Asset Quality Metrics is Turning, though they feel that the Valuation Limits Upside Potential
Jefferies said that for SBI Cards' 4QFY25 net profit came below their estimates due to higher operating Expenses. Net Interest Income was in line, but credit costs surprised positively. Visibility on inflection in asset quality cycle has improved. Reversal in credit cost trajectory and gains from easing rates should drive strong rebound in earnings over FY25-27 estimates. However all this as per Jefferies seems largely priced in post share price rally YTD and valuation upside appears limited. They have Hold Rating for SBi Life .
More to come
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