SBI Life Insurance Share Price Rises As It Turns Ex-Date
SBI Life Insurance Co.’s share price rose as the stock turned ex-date. The insurer’s board approved an interim dividend of Rs 2.7 per share for the financial year 2025.
The record date for shareholder eligibility is set for Friday, and the dividend will be credited on or before March 30.
SBI Life Insurance reported that net profit rose 71.2% to Rs 551 crore versus Rs 322 crore. The figure is up from Rs 436 crore analysts estimated in a Bloomberg survey. While net premium income rose 11.3% to Rs 24,828 crore versus Rs 22,317 crore.
SBI Life Insurance Co.’s growth trajectory looks predictable, brokerages said, after the company posted strong earnings for the third quarter of fiscal 2025, analysts said.
