SBI Life Insurance Q1 Net Profit seen up 3.1% YoY to Rs. 403.1 cr: ICICI Direct

Net Interest Income (NII) is expected to increase by 3.7 percent Y-o-Y (down 44.8 percent Q-o-Q) to Rs. 7,867.2 crore, according to ICICI Direct.

Broker Research
July 13, 2021 / 09:03 PM IST

SBI Life Insurance Company Ltd. | The stock has risen 11 percent from Rs 904.25 on December 31, 2020 to Rs 1000.50 on May 7, 2021. Market-cap jumped from Rs 90430 crore to Rs 100057 crore during the same time period.

 
 
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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects SBI Life Insurance to report net profit at Rs. 403.1 crore up 3.1% year-on-year (down 24.8% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 3.7 percent Y-o-Y (down 44.8 percent Q-o-Q) to Rs. 7,867.2 crore, according to ICICI Direct.


Pre Provision Profit (PPP) is likely to fall by 39.8% Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 367 crore.


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Tags: #banking & financial services #Brokerage Recos - Sector Report #Brokerage Results Estimates #earnings #ICICI Direct #Result Poll #SBI Life Insurance
first published: Jul 13, 2021 09:03 pm