SBI Life stocks: Buy SBI Life Insurance Company, target price Rs 1675: Emkay Global
SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 127926.22 Crore) operating in Financial Services sector.
SBI Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent and Profit/Loss on Sale/Redemption of Investments for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 27728.46 Crore, up 475.60 % from last quarter Total Income of Rs 4817.29 Crore and up 8.12 % from last year same quarter Total Income of Rs 25646.26 Crore. Company reported net profit after tax of Rs 376.74 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 55.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.9 per cent, DIIs 12.29 per cent.
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