HDFC Life Insurance Company Ltd.

HDFC Life Insurance Co has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 12.45% in its net profit at Rs 357.52 crore for the quarter under review as compared to Rs 317.94 crore for the same quarter in the previous year. However, total income of the company decreased by 16.34% at Rs 16,054.94 crore for Q4FY22 as compared Rs 19,191.32 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 58.65% in its net profit at Rs 506.19 crore for the quarter under review as compared to Rs 319.06 crore for the same quarter in the previous year. However, total income of the company decreased by 8.01% at Rs 17,682.31 crore for Q4FY22 as compared Rs 19,221.68 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a fall of 11.21% in its net profit at Rs 1,207.69 crore as compared to Rs 1,360.10 crore for the previous year. Total income of the company decreased by 8.26% at Rs 65,358.37 crore for year under review as compared to Rs 71,241.82 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 2.49% in its net profit at Rs 1,326.93 crore as compared to Rs 1,360.87 crore for the previous year. Total income of the company decreased by 5.97% at Rs 67,059.50 crore for year under review as compared to Rs 71,320.01 crore for year ended March 31, 2021.