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Macquarie says SBI Life saw limited margin expansion despite higher share of protection in APE
#SBILIFE: Sbi Life Insurance Company Ltd has gained a star, now a 3 star stock.
#3QWithCNBCTV18 | Macquarie says SBI Life saw limited margin expansion despite higher share of protection in APE #CNBCTV18Market
Strong distribn footprint of parent SBI (24k+ branches), improving protection share (9MFY20: 8.0%, +174bps YoY), lowest operating cost ratios (9.1%) & improving margins can help SBI Life deliver strong perf going forward too.
SBI Life reported net profit Q3FY20 (up 48% YoY), Value of new business at 1,650cr in the nine months ended Dec 31, 2019, growth of 27% YoY. The company has increased its private market share based on New Business Premium from 20% in 9MFY19 to 22.3% in 9MFY20. #MOMarketUpdates
Brokerages - LT, Axis Bank, Asian Paints, RBL Bank, SBI Life
▶ Stocks in news: Biocon, Canara Bank, PVR, PNB Housing, HDFC Life, L&T, SBI Life, Axis Bank and more - Business Today: Stocks in news: Biocon, Canara Bank, PVR, PNB Housing, HDFC Life, L&T, SBI Life, Axis Bank and more Business Today GOOGLE
SBI Life Insurance Company Ltd posts Rs. 389.77 crore PAT in Q3 @SBILife #SBILifeInsuranceCompany #Q3 #ResultUpdate #FY2020
Good nos 22nd Jan till 5-30pm 1) motilalofs (housing fin division turned profitable, big beat in PAT) 2) ujjivansfb (superstrong, npa well contained,robust profit growth) 3)sbi life(solid profit growth of 47prcnt) 4)vst inds(solid top n bottomline growth) 5) alembic pharma