HDFC Life Insurance Company Ltd.
-7.60 (-1.23%) HDFC Life reports 22% rise in Q1 consolidated net profit
Date: 19-07-2022HDFC Life Insurance Company has reported results for first quarter ended June 30, 2022.
The company has reported a rise of 20.82% in its net profit at Rs 365.29 crore for the quarter under review as compared to Rs 302.35 crore for the same quarter in the previous year. However, total income of the company decreased by 60.08% at Rs 5,830.24 crore for Q1FY23 as compared Rs 14,604.31 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 21.98% in its net profit at Rs 328.79 crore for the quarter under review as compared to Rs 269.55 crore for the same quarter in the previous year. However, total income of the company decreased by 54.33% at Rs 6,680.20 crore for Q1FY23 as compared Rs 14,628.05 crore for the corresponding quarter previous year.