SBI Life Insurance Q1FY24 Results: Consolidated PAT of Rs. 381.04 Cr

SBI Life Insurance Q1FY24 Results: Consolidated PAT of Rs. 381.04 Cr

SBI Life Insurance Q1 results show revenue up from 22,805.40 crores to 27,691.96 crores, a 21.43% increase in growth. EPS down from ₹7.76 to ₹3.80, down by -51.03%.

First, Let’s Begin with Quarter-on-Quarter Basis:

SBI Life Insurance shared its Q1 results on Tuesday. They earned 27,691.96 crores in revenue this quarter, but that’s more than the 22,805.40 crores they made last quarter. The company’s growth increased by 21.43 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 381.04 crores, down from 776.85 crores in the previous quarter. Their quarter-to-quarter growth decreased by -50.95 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹3.80, which is a decrease of -51.03% from the ₹7.76 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 27,691.96 crores this year (2023), which is 496.67 percent higher than last year’s total revenue of 4641.12 crores.

This year’s PAT (Profit After Tax) is 381.04 crores, which is also 44.96% higher than last year’s PAT of 262.85 crores.

The EPS (Earnings Per Share) for this year is ₹3.80, which is 44.49% more than the EPS of ₹2.63 earned last year.

Also Read: RattanIndia Power Q1FY24 Results: Consolidated Loss of Rs. 549.36 Cr

SBI Life Insurance Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About SBI Life Insurance:

SBI Life is an Indian life insurance company that originated as a joint venture between the State Bank of India and the French financial institution BNP Paribas Cardif. Presently, SBI holds a 55.50% stake in the company, while BNP Paribas Cardif maintains a 0.22% stake.

Download the Full PDF of SBI Life Insurance Q1 Results: Click Here

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