Preview: India's SBI Life falls ahead of Q1 results, profit margins in focus
BUZZ-PREVIEW-India's SBI Life falls ahead of Q1 results, profit margins in focus ** Shares of SBI Life Insurance SBIL.NS fall 0.73% to 1,839.90 rupees; co to report Q1 results later in the day
** Analysts expect SBI Life to post healthy new business premium (NBP) and annualised premium equivalent (APE) growth in Q1
** See support from demand for retail term-insurance and high-margin non-participating policies, and strong traction in group business
** Systematix Research expects the insurer to post 19.8% rise in NBP and APE to grow 7.2%
** However, Analysts at Nirmal Bang and Emkay Global expect a slight moderation in profit margins as group business contributes a larger share of new sales
** Growth in sales from key bank channel, and trends in sales via agents to be key moniterable, analysts say
** Benchmark Nifty 50 .NSEI down 0.84%, pressured by elevated oil prices, weak Infosys and IndiGo earnings .BO
** YTD, stock down 9.54%
(Reporting by Nishit Navin and Surbhi Misra in Bengaluru)
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