HDFC Life Insurance Company Ltd has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.16426.03 crores during the period ended September 30, 2020 as compared to Rs.14520.83 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.327.83 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.450.54 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.1.62 for the period ended September 30, 2020 as compared to Rs.2.23 for the period ended June 30, 2020.
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| Total Income | ₹ 16426.03 crs | ₹ 14520.83 crs |  13.12% | | Net Profit | ₹ 327.83 crs | ₹ 450.54 crs |  -27.24% | | EPS | ₹ 1.62 | ₹ 2.23 | -27.35% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.16426.03 crores during the period ended September 30, 2020 as compared to Rs.8661.33 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.327.83 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.308.98 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.1.62 for the period ended September 30, 2020 as compared to Rs.1.53 for the period ended September 30, 2019.
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| Total Income | ₹ 16426.03 crs | ₹ 8661.33 crs | 89.65% | | Net Profit | ₹ 327.83 crs | ₹ 308.98 crs | 6.1% | | EPS | ₹ 1.62 | ₹ 1.53 | 5.88% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.30946.86 crores during the 6 months period ended September 30, 2020 as compared to Rs.17203.28 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.778.37 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.734.70 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.3.85 for the 6 months period ended September 30, 2020 as compared to Rs.3.64 for the 6 months period ended September 30, 2019.
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| Total Income | ₹ 30946.86 crs | ₹ 17203.28 crs | 79.89% | | Net Profit | ₹ 778.37 crs | ₹ 734.70 crs | 5.94% | | EPS | ₹ 3.85 | ₹3.64 | 5.77% |
Commenting on the current situation, Ms. Vibha Padalkar, MD & CEO said "While we remain sensitive about the health impact and loss of lives due to the pandemic and continue to focus on employee, customer and partner safety norms, opening up of the economy has led to a pickup in activity levels on the ground. This has also resulted in a marginal uplift in household income and spends. Insurance as a category has emerged stronger as a vehicle to protect one's family and realise their long term financial goals. Customers are more active in decision making resulting in traction in the individual business."
Commenting on the H1FY21 performance, Ms. Vibha Padalkar, MD & CEO said "Our market share in terms of Individual WRP has increased by 235 basis points from 15.2% to 17.5%. Our focus remains on our long term strategy of building a sustainable and profitable business and adding value to all key stakeholders. On the back of the improved economic momentum, we are optimistic about being able to sustain our performance across key metrics for the year."
Shares of HDFC Life Insurance Company Ltd was last trading in BSE at Rs.561.45 as compared to the previous close of Rs. 561.5. The total number of shares traded during the day was 81297 in over 5740 trades.
The stock hit an intraday high of Rs. 566.2 and intraday low of 559.55. The net turnover during the day was Rs. 45723166. |
