SBI Life shares jump 3% after 14% YoY rise in Q1 profit. Should you buy?

SBI Life reported a 14% YoY rise in Q1FY26 net profit to Rs 594 crore, with net premium income up 14% to Rs 17,178 crore. First-year and renewal premiums showed YoY growth but fell sequentially. Motilal Oswal maintained a ‘Buy’ rating with a Rs 2,140 target, citing improving VNB margins and strong APE and VNB growth outlook.