SBILIFE SBI Life Insurance Company Q3 FY26 results (Oct–Dec 2025) and concall
SBI Life delivered a strong Q3 with AUM crossing INR 5 trillion, marking a significant milestone. Growth was driven by volume expansion across channels and product diversification, with protection growing 24% and par products surging 116% on a new Money Back launch. The GST impact on commissions reduced reported PAT growth to 4%, but adjusted for this and labor law impact, underlying growth was 34%. VONB margin at 27.2% is within guidance of 26-28%, with management confident of limiting net GST impact to 30-40 bps by year-end through product mix optimization. Q3 is seasonally the strongest qua
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What they filed
Q3 FY26: revenue up 144.6%, net profit up 4.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 40,302 | 18,862 | 23,071 | 38,996 | 23,115 −43% | 46,133 +145% |
| EBITDA | 606 | 596 | -449 | 664 | 516 −15% | 615 +3% |
| Net profit | 529 | 551 | 814 | 594 | 495 −6% | 577 +5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
