HDFC Life Insurance Company surges on reporting 15% rise in Q1 consolidated net profit
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HDFC Life Insurance Company is currently trading at Rs. 654.50, up by 7.25 points or 1.12% from its previous closing of Rs. 647.25 on the BSE.
The scrip opened at Rs. 651.05 and has touched a high and low of Rs. 660.10 and Rs. 647.00 respectively. So far 66682 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 690.90 on 13-Jul-2023 and a 52 week low of Rs. 457.95 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 674.70 and Rs. 633.65 respectively. The current market cap of the company is Rs. 140986.73 crore.
The promoters holding in the company stood at 50.33%, while Institutions and Non-Institutions held 37.05% and 12.62% respectively.
HDFC Life Insurance Company has reported 15.37% rise in its net profit at Rs 415.34 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 360.01 crore for the same quarter in the previous year. Net premium income of the company increased by 16.58% at Rs 11479.82 crore for Q1FY24 as compared Rs 9847.15 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.31% rise in net profit at Rs 416.72 crore for the quarter ended June 30, 2023 as compared to Rs 361.40 crore for the same quarter in the previous year. Net premium income of the company increased by 16.59% at Rs 11507.88 crore for Q1FY24 as compared Rs 9870.06 crore for the corresponding quarter previous year.
