HDFC Life Insurance Company Ltd Q3FY21 consolidated PAT at Rs. 263.44 crore

HDFC Life Insurance Company Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.21128.63 crores during the period ended December 31, 2020 as compared to Rs.16426.03 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.263.44 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.327.83 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.30 for the period ended December 31, 2020 as compared to Rs.1.62 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 21128.63 crs	₹ 16426.03 crs	28.63%
Net Profit	₹ 263.44 crs	₹ 327.83 crs	-19.64%
EPS	₹ 1.30	₹ 1.62	-19.75%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.21128.63 crores during the period ended December 31, 2020 as compared to Rs.11649.40 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.263.44 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.251.09 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.30 for the period ended December 31, 2020 as compared to Rs.1.24 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 21128.63 crs	₹ 11649.40 crs	81.37%
Net Profit	₹ 263.44 crs	₹ 251.09 crs	4.92%
EPS	₹ 1.30	₹ 1.24	4.84%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.52075.47 crores during the 9 months period ended December 31, 2020 as compared to Rs.28852.68 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1041.81 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.985.78 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.5.15 for the 9 months period ended December 31, 2020 as compared to Rs.4.88 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 52075.47 crs	₹ 28852.68 crs	80.49%
Net Profit	₹ 1041.81 crs	₹ 985.78 crs	5.68%
EPS	₹ 5.15	₹4.88	5.53%

Commenting on the current situation, Ms. Vibha Padalkar, MD & CEO said "We are witnessing a lift in customer confidence, which is also reflected in the new business premium trends for both the individual as well as the group credit protect business. We continue to see a pickup in the savings business, accompanied by an increase in both the average ticket size as well as number of policies."

Further, commenting on the 9MFY21 performance, Ms. Padalkar said "Our market share in terms of Individual WRP has increased by 214 basis points from 14.3% to 16.4%. We continue to witness sequential improvement in our new business margins, which stood at 25.6% for 9MFY21. Given that the vaccination drive has been initiated and the economic momentum on the ground seems sustained, we will strive for continued new business growth and an upward trajectory on New Business Margins whilst adhering to a conservative risk management approach."

Shares of HDFC Life Insurance Company Ltd was last trading in BSE at Rs.702.5 as compared to the previous close of Rs. 702.8. The total number of shares traded during the day was 55606 in over 2072 trades.

The stock hit an intraday high of Rs. 712 and intraday low of 698.75. The net turnover during the day was Rs. 39267036.

Source : Equity Bulls

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