SBI Life Insurance Q4 Net Profit seen up 5.3% YoY to Rs. 707.9 cr: Motilal Oswal

Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects SBI Life Insurance to report net profit at Rs. 707.9 crore up 5.3% year-on-year (up 132.8% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 16.7 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 20,342 crore, according to Motilal Oswal.

Pre Provision Operating Profit (PPOP) is likely to rise by 15.8% Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 1,354.7 crore.

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