HDFC Life Insurance Company Ltd.

BSE: 540777 | NSE: HDFCLIFE
Large Cap | Insurance
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HDFC Life Insurance Company reports 15% rise in Q1 consolidated net profit

Date: 24-07-2023

HDFC Life Insurance Company has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 15.37% rise in its net profit at Rs 415.34 crore for the quarter under review 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.