SBI Life Insurance Company is set to hold an important board meeting on April 24, 2025, to evaluate and approve its financial outcomes for the fourth quarter (Q4) and the entire fiscal year that concludes on March 31, 2025. This announcement, made on April 9, highlights the anticipated scrutiny of the company’s financial performance during this period.
Board Meeting Details
The board meeting is a critical event for investors and stakeholders. SBI Life officially stated, “A session with the Board of Directors is scheduled for Thursday, April 24, 2025, where they will review and sanction the audited financial results for the quarter and the fiscal year ending March 31, 2025.” The result will be disclosed in compliance with the relevant Listing Regulations.
- Meeting Date: April 24, 2025
- Purpose: Review and approve Q4 and FY financial results
Anticipated Q4 Performance
Analysts at Axis Securities project a 0.5% year-on-year (YoY) increase in gross premium income, estimating it to reach ₹25,370 crore. However, they expect a 21% YoY decline in new business premiums, predicting a drop to ₹9,680 crore. Additionally, the adjusted premium equivalent (APE) growth is anticipated to remain subdued, decreasing by 0.1%.
- Gross Premium Growth: +0.5% YoY to ₹25,370 crore
- New Business Premium: -21% YoY to ₹9,680 crore
- APE Growth: -0.1%
Axis Securities noted, “While the growth in new business premiums is expected to stabilize, APE growth is likely to show weakness.” Furthermore, they suggest that the share of Unit Linked Insurance Plans (ULIPs) may decrease due to sluggish market conditions. On a positive note, they forecast a 32 basis points improvement in Value of New Business (VNB) margins, which could rise to 27.2% from 26.9% YoY, thanks to a favorable product mix.
Insights from Previous Quarter
In its last reporting period, the December 2024 quarter, SBI Life achieved a net profit of ₹550.82 crore, reflecting a remarkable 71.2% increase from ₹321.75 crore in the same quarter the previous year. Sequentially, this figure marked a modest 4% rise from ₹529.42 crore in the prior quarter. The company’s net premium income for Q3 FY25 reached ₹24,828 crore, an 11% increase compared to ₹22,316 crore in the same quarter the previous year.
Current Stock Performance
As of April 9, SBI Life shares were trading flat, showing a minor dip of 0.21% to ₹1,485 per share by 1:45 PM. Over the past year, the stock has experienced a decline of 2% in value, although it has seen a 5% increase in the last month.
In summary, the forthcoming meeting and financial results will be pivotal for SBI Life Insurance and its investors, as they navigate a challenging market landscape while aiming for sustainable growth.
