SBI Life Share Price: After the first quarter results, today the stock of SBI Life has reached a 52-week high of ₹ 1,684. However, right now it is trading at around ₹ 1670 with a slight decline with a gain of 2.23%.
In fact, in the first quarter of the financial year 2024-25, the insurance company SBI Life has recorded a net profit of ₹ 519.52 crore. There has been an increase of 36.34% on an annual basis.
A year ago in the same quarter i.e. Q1FY24, the company had earned a profit of ₹ 381.04 crore. During this period, the company's net premium income increased by 15% to ₹ 15,105 crore as compared to April-June 2023.
A year ago, the company's premium income was Rs 13,104 crore. At the same time, income from investments increased by 32.27% to Rs 19,283.50 crore.
SBI Life share rose 15.92% this year (SBI Life Share Price)
SBI Life shares have given a return of 0.58% in the last 5 days, 13.55% in one month, 20.22% in 6 months and 28.36% in one year. On the other hand, if we talk about this year (from January 1 till now), then SBI Life shares have risen by 15.92%.
Profit decreased by 35.92% on quarterly basis
SBI Life's net profit has decreased by 35.92% as compared to the first quarter of the financial year 2023-24 i.e. January-March 2024. In the previous quarter, the company had recorded a net profit of Rs 810.80 crore. Similarly, the income from premium has also decreased by about 40%. It was Rs 25,116.47 crore in Q4FY24.
