HDFC Life Share Price: HDFC Life Insurance Company Ltd reported a 3.27 per cent rise in its September quarter net profit to Rs 447 crore, compared with Rs 433 crore in the same period last year.
However, the stock slipped 1.7 per cent to Rs 749.55 on Wednesday as investors digested the results.
HDFC Life Q2 Update
The preceding June quarter had seen a profit of Rs 546 crore, indicating some sequential pressure.
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The insurer’s first-year premium (FYP) grew to Rs 3,579 crore from Rs 3,253 crore in Q2 FY25, while single-premium income rose to Rs 5,370 crore from Rs 4,843 crore.
Despite growth in premiums, investment income fell sharply to Rs 1,410 crore from Rs 11,610 crore, reflecting weaker market conditions.
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