SBI Life Q3 Outcomes: Revenue elevated by 71% in December quarter, premium earnings elevated by 11% – INA NEWS

SBI Life December Quarter Outcome: SBI Life Insurance coverage Firm Restricted has made a internet revenue of Rs 551 crore within the October-December 2024 quarter. Based on the data given to the inventory exchanges, that is 71 p.c greater than the revenue of Rs 321.75 crore recorded a yr in the past. The corporate’s internet earnings from premium rose 11 per cent to Rs 24827.54 crore throughout the December 2024 quarter, from Rs 22316.47 crore a yr in the past.

Speaking concerning the monetary information for the April-December 2024 interval i.e. the primary 9 months of the monetary yr 2025, the web revenue of SBI Life Insurance coverage Firm throughout this era elevated by 48 p.c on an annual foundation to Rs 16 billion. A yr in the past it was Rs 10.8 billion. In the meantime, gross written premium rose 9 p.c to Rs 609.8 billion in comparison with Rs 561.9 billion a yr in the past.

SBI Life shares rise

SBI Life shares are rising on January 17. The value on BSE jumped 2.7 p.c to Rs 1555.55 from the earlier closing worth throughout the day. On the finish of buying and selling, the inventory settled at Rs 1540.50 with a acquire of about 2 p.c. The market cap of the corporate is Rs 1.5 lakh crore. The inventory has risen 4 p.c in per week. Promoters held 55.38 p.c stake within the firm by the top of December 2024.

RELIANCE RETAIL Q3 Outcome: Firm’s outcomes have been glorious, earnings elevated to Rs 90,351 crore.