Reviews

SBI LIFE INSURANCE COMPANY LTD.

Ticker : 540719
FV : Rs 10
52-Week H/L : Rs 1,040.00/755.55

We had previously recommended SBI Life Insurance in vol. 36, no. 01, dated October 28, 2019, when the scrip was trading at Rs 969.30 per share. It was recommended based on a strong technical perspective. The company’s quarterly financial performance, for Q4FY21, shows that net premium income was reported at Rs 15,555.74 crore, which is a rise by 31.12 per cent compared to Rs 11,862.98 crore reported in Q4FY20. Net commission rose by 29.14 per cent to be Rs 585.55 crore in Q4FY21 from Rs 453.40 crore in Q4FY20. The company gained a net profit of Rs 532.38 crore, which is a mere increase of 0.32 per cent compared to the net profit of Rs 530.67 crore posted in Q4FY20. SBI Life Insurance continues to see strong business growth and improving margins. Hence, we recommend HOLD.