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SBI Life Insurance Company Ltd Q2FY21 net profit at Rs. 299.73 crore



Posted On : 2020-10-26 15:53:04( TIMEZONE : IST )

SBI Life Insurance Company Ltd Q2FY21 net profit at Rs. 299.73 crore

SBI Life Insurance Company Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.18458.25 crores during the period ended September 30, 2020 as compared to Rs.16178.05 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.299.73 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.390.89 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3 for the period ended September 30, 2020 as compared to Rs.3.91 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 18458.25 crs₹ 16178.05 crsUp Tick 14.09%
Net Profit₹ 299.73 crs₹ 390.89 crsDown Tick -23.32%
EPS₹ 3₹ 3.91Down Tick -23.27%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.18458.25 crores during the period ended September 30, 2020 as compared to Rs.12745.38 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.299.73 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.129.84 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.3 for the period ended September 30, 2020 as compared to Rs.1.30 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 18458.25 crs₹ 12745.38 crsUp Tick 44.82%
Net Profit₹ 299.73 crs₹ 129.84 crsUp Tick 130.85%
EPS₹ 3₹ 1.30Up Tick 130.77%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.34636.31 crores during the 6 months period ended September 30, 2020 as compared to Rs.22388.89 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.690.62 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.501.75 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.6.90 for the 6 months period ended September 30, 2020 as compared to Rs.5.02 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 34636.31 crs₹ 22388.89 crsUp Tick 54.7%
Net Profit₹ 690.62 crs₹ 501.75 crsUp Tick 37.64%
EPS₹ 6.90₹5.02Up Tick 37.45%

Shares of SBI Life Insurance Company Ltd was last trading in BSE at Rs.770.3 as compared to the previous close of Rs. 780.6. The total number of shares traded during the day was 142016 in over 3299 trades.

The stock hit an intraday high of Rs. 789 and intraday low of 766.75. The net turnover during the day was Rs. 109195031.

Source : Equity Bulls

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