SBILIFE · Financial Services
SBI Life Insurance Company Ltd. reported total income of ₹18,862 cr for October to December 2024, −51.7% on the year and −53.2% on the quarter.
Net profit was ₹551 cr, +71.1% on the year and +4.2% on the quarter, with earnings per share of ₹5.50. The tax rate of 7% is in line with its recent average.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹39,033 cr | ₹36,255 cr | ₹34,654 cr | ₹40,302 cr | ₹18,862 cr | ₹23,071 cr | ₹38,996 cr | ₹23,115 cr | ₹46,133 cr | ₹4,071 cr | ₹46,337 cr | ₹24,620 cr |
| YoY | — | — | +24% | +40% | −52% | −36% | +13% | −43% | +145% | −82% | +19% | +7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 13% | 5% | 13% | 12% | 7% | 10% | 9% | 7% | 10% | 7% | 9% | 7% |
| Net profit | ₹322 cr | ₹811 cr | ₹520 cr | ₹529 cr | ₹551 cr | ₹814 cr | ₹594 cr | ₹495 cr | ₹577 cr | ₹805 cr | ₹725 cr | ₹549 cr |
| YoY | — | — | +36% | +39% | +71% | +0% | +14% | −6% | +5% | −1% | +22% | +11% |
| EPS | ₹3.21 | ₹8.10 | ₹5.19 | ₹5.28 | ₹5.50 | ₹8.12 | ₹5.93 | ₹4.93 | ₹5.75 | ₹8.02 | ₹7.23 | ₹5.47 |
| Flags | · | · | · | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
SBI Life Insurance Company Ltd. reported total income of ₹18,862 cr (−51.7% on the year) and net profit of ₹551 cr (+71.1% on the year) for October to December 2024.
None of the 2 checks that could run raised a question.
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