HDFC Life Insurance moves up on reporting 15% rise in Q2 consolidated net profit
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HDFC Life Insurance is currently trading at Rs. 727.50, up by 13.10 points or 1.83% from its previous closing of Rs. 714.40 on the BSE.
The scrip opened at Rs. 720.05 and has touched a high and low of Rs. 731.05 and Rs. 715.05 respectively. So far 108354 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 760.95 on 03-Sep-2024 and a 52 week low of Rs. 511.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 746.10 and Rs. 711.00 respectively. The current market cap of the company is Rs. 155885.38 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 37.87% and 11.76% respectively.
HDFC Life Insurance has reported 14.92% rise in its net profit at Rs 432.99 crore for second quarter ended September 30, 2024 as compared to Rs 376.79 crore for the same quarter in the previous year. Net premium income of the company increased by 12.29% at Rs 16,569.70 crore for Q2FY25 as compared to Rs 14,755.96 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.07% rise in net profit at Rs 435.18 crore for Q2FY25 as compared to Rs 378.20 crore for the same quarter in the previous year. Net premium income of the company increased by 12.28% at Rs 16,613.72 crore for Q2FY25 as compared to Rs 14,797.21 crore for the corresponding quarter previous year.
