SBI LIFE Q3 EARNINGS
LIC Q4 Results: Cons PAT jumps 4.5% YoY to Rs 13,782 cr; dividend declared at Rs 6 per share
LIC Q4 Results: The company had reported a net profit of Rs 13,191 crore in the corresponding period of the last financial year. The Total Premium Income for the year ended March 31, 2024, was reported at Rs 4,75,070 crore. It was Rs 4,74,005 crore for the year ended March 31 2023. The Total Individual Business Premium for the financial year increased to Rs 3,03,768 crore from Rs 2,92,763 crore reported for the comparable period of the previous year.
Top Nifty50 stocks analysts suggest buying this week
The latest Stock Reports Plus report dated May 26, 2024, highlighted stocks in the Nifty50 index with 'Strong Buy/Buy' recommendations. Analysts use IBES for actionable insights. Stock Reports Plus, powered by Refinitiv, evaluates 4,000+ listed stocks on five key components to generate scores.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
Glenmark Pharma Q4 Results: Net loss widens to Rs 121 crore YoY
Glenmark Pharma Q4 Results: The rise in loss was on account of declining sales in the US and exceptional items. It had reported a net loss of Rs 34.5 crore in the corresponding quarter of the previous year. In FY24, Glenmark's consolidated revenue reached Rs. 11,813 crore, a 2% increase year-over-year. The company's EBITDA margin for the fiscal year was 10.1%, primarily due to a one-time impact on sales in the India business during the third quarter.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus report on May 19, 2024 features 'Strong Buy/Buy' recommendations for Nifty50 stocks using IBES. It evaluates earnings surprises, estimate revisions, and 5 key components via Refinitiv.
LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore
The net profit in the year-ago period was Rs 1,180 crore. The company's board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval.
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Q4 results today: Tata Motors, Cipla among 87 companies to announce earnings
Q4 results today: Several other companies scheduled to release their financial results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax, and more.
SBI share price can surge up to Rs 1,000, say bulls after Q4 results
SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects.
SBI Q4 net profit surges 24% to a record
Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ₹1,700-crore buffer for any future pension needs.
SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.
Q4 results today: SBI, Asian Paints among 69 companies to announce earnings
Q4 results today: On Thursday, State Bank of India (SBI), the foremost public sector lender in India, will be among the 69 companies set to unveil their financial results for the quarter ending March 2024. Investors will also keep a close eye on companies like Asian Paints, BPCL, and Indian Overseas Bank as they announce their results.
SBI Q4 Preview: Profit may fall 24% YoY; NII seen flat
Analysts anticipate a relatively stable net interest income (NII) growth or potentially a slight decrease of up to 1% year-on-year, attributed to increased operating expenses and normalization of net interest margins (NIM).
SBI Life Q4 Results: Net profit rises 4% YoY to Rs 811 crore
The net premium income during the quarter rose 26% YoY to Rs 25,116 crore. The company has maintained its leadership position in Individual Rated Premium of Rs 172.3 billion with 23.3% private market share in FY24.
Lodha Q4 Results: Net profit jumps 21% YoY to Rs 670 crore; co reports best-ever quarterly, annual presales
The developer recently raised $400 million or over Rs 3,300 crore from investors including Invesco Oppenheimer, Blackrock, Carmignac, APG and HDFC Life through a qualified institutional placement (QIP) issue. This was the fourth equity raise by Lodha in the last 36 months totalling Rs 13,000 crores of capital including its initial public offer (IPO) in April 2021.
Nippon India Life Q4 results: PAT grows by 73% YoY, dividend of Rs 11 per share declared
Nippon Life India Asset Management's PAT surged by 73.3% YoY to Rs 343 crore, with revenue increasing by 34.4% YoY to Rs 468 crore. Consolidated EBITDA also rose 39.2% YoY to Rs 291 crore.
HDFC Life Q4 Results: Net profit jumps 14% YoY to Rs 412 crore
HDFC Life Q4 Results: The net premium income for the same period increased 5% to Rs 20,534 crore against Rs 19,469 crore in the last year period. The company's board has also recommended a final dividend of Rs 2 per share for the financial year 2023-24
Q4 Results Today: Infosys, Bajaj Auto among 19 companies on watchlist
19 companies, incl. Infosys, Bajaj Auto, HDFC Life, to announce March quarter results today. Infosys expects 0.4% revenue decline, flat profit growth. Bajaj Auto sees 25% volume growth.
Banks Q4 earnings preview: In line with Q3, a moderate quarter likely. Top stocks to buy
Q4 earnings preview indicates private banks may outperform public sector lenders due to tight liquidity. JM Financial expects 5% earnings growth, while analysts focus on NII growth, asset quality improvement, and stock outlook based on deposit performance.
SBI net falls 35% in Q3 on higher wage, pension provisions
The country's largest bank reported a net profit of ₹9,164 crore for the third quarter against ₹14,205 crore a year earlier. It made provisions of ₹13,413 crore to deal with impending pension and wage hikes. "The provisions are one-time items," SBI chairman Dinesh Khara said. "We had to correct anomalies in our pension and dearness allowances after a ruling in a court case, which was going on since 2022.," he said.
SBI Q3 results today: What to expect, key things to track for investors
SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread over two quarters of H2FY24. In the second quarter, SBI had a one-off wage provision of Rs 3400 crore.
Q3 results today: SBI, Clean Science, KIMS among 50 companies to announce earnings
Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, and Krishna Institute of Medical Sciences (KIMS), will announce their December quarter earnings. The market is particularly interested in the results of PSU lender State Bank of India (SBI).
SBI Q3 Preview: PAT may fall on higher operating expenses; NII growth muted
Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five brokerages. Net profit for the same period is seen declining 12% YoY.
SBI Life shares jump 3% post Q3 results. Should you buy?
SBI Life Insurance shares rise 3% on decent Q3 earnings. Brokerages Jefferies, CLSA, Motilal Oswal, and Nuvama remain optimistic. Jefferies highlights softer premium growth, retail protection segment decline, and weaker margins. CLSA raises price target, emphasizes limited impact of surrender value regulations. Nuvama tweaks VNB lower but maintains 'Buy' rating, cites healthy APE growth and low-cost ratios. Motilal Oswal reiterates 'Buy', expects 18% APE CAGR and improved channel productivity.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
SBI Life Q3 Results: PAT rises 6% YoY to Rs 322 crore; net premium income jumps 16%
Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. The growth in individual new business premium by 17% to Rs 17,760 crore in the nine months of fiscal 2024. NBP rose 21% to Rs 26,000 crore in the nine months ended December, aided by growth in individual annuity business by 35%.
SBI Life Q3 results today: What to expect, key things for investors to watch out
Key monitorables for investors in the reporting December quarter include the commentary on growth, outlook on VNB margins, and possible talk on the changes in product mix.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
Q3 results this week: Axis Bank, Adani Power, Tata Steel, Tech Mahindra, PNB, YES Bank and others
Here's a look at the upcoming release of December quarter report cards by various companies including Axis Bank, Bajaj Auto, DLF, Tata Steel, Tech Mahindra, Adani Power, JSW Steel, SBI Life, PNB, Macrotech Developers, and YES Bank. Additionally, companies such as Colgate-Palmolive (India), Coforge, Oberoi Realty, Mangalore Refinery And Petrochemicals, Lloyds Metals & Energy, Authum Investment & Infrastructure, Sobha, Karur Vysya Bank, Zensar Technologies, Chennai Petroleum Corporation, Spandana Sphoorty Financial, Tamilnad Mercantile Bank, VST Industries, IIFL Securities, Gensol Engineering, and Oriental Hotels will also be releasing their report cards.
Q3 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings
Asian Paints to announce Q3 earnings along with 21 other companies. Federal Bank and Bank of Maharashtra posted YoY jump in profit after tax. Asian Paints is likely to report strong Q3 results. LTI Mindtree is expected to report constant currency revenue growth.
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