SBI Life Insurance Q2 Results: Net profit grows 11% YoY to Rs 549 crore

What happened: SBI Life Insurance reported an 11% year on year rise in net profit for the September quarter. Key numbers: Net profit Rs 549 crore versus Rs 495 crore a year earlier. Net premium income Rs 26,877 crore, up 8.17% from Rs 24,848 crore. Shares closed at Rs 1,634.65, down 0.45% on the BSE. Why it matters: Profit growth came alongside an 8.17% increase in net premium income, while the stock ended the session lower.

SBI Life Insurance reported an 11% year on year rise in net profit for the September quarter.

Profit growth came alongside an 8.17% increase in net premium income, while the stock ended the session lower.