HDFC Life Insurance Company gains on reporting 15% rise in Q2 consolidated net profit
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HDFC Life Insurance Company is currently trading at Rs. 626.60, up by 1.60 points or 0.26 % from its previous closing of Rs. 625.00 on the BSE.
The scrip opened at Rs. 632.15 and has touched a high and low of Rs. 635.00 and Rs. 620.00 respectively. So far 30298 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. 635.00 and Rs. 614.05 respectively. The current market cap of the company is Rs. 134389.77 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 results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 15.49% rise in its net profit at Rs 376.77 crore for the quarter under review as compared to Rs 326.24 crore for the same quarter in the previous year. Net premium income of the company increased by 12.55% at Rs 14755.96 crore for Q2FY24 as compared Rs 13110.91 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 14.95% rise in its net profit at Rs 378.20 crore for the quarter ended September 30, 2023 as compared to Rs 329.02 crore for the same quarter in the previous year. Net premium income of the company increased by 12.63% at Rs 14797.21 crore for Q2FY24 as compared Rs 13137.89 crore for the corresponding quarter previous year.
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