HDFC Life Insurance Company Reports Strong Financial Results for Q3 2023

Jan 12 2024 04:35 PM IST
share
Share Via
HDFC Life Insurance Company has reported positive financial results for the quarter ending December 2023, with a significant improvement in its overall score and a 226.31% increase in Profit Before Tax. The company also recorded its highest Net Sales in the last five quarters, indicating a strong and positive trend in its sales performance.
HDFC Life Insurance Company, a leading player in the finance and NBFC industry, has recently announced its financial results for the quarter ending December 2023. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from 3 to 9 in the last 3 months, as per MarketsMOJO's analysis.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 226.31% year on year to reach Rs 265.34 crore. This indicates a strong and positive trend in the near term for the company's PBT.

Moreover, HDFC Life Insur. has also recorded its highest Net Sales in the last five quarters, standing at Rs 26,927.46 crore. This is a growth of 37.55% year on year, showcasing a positive trend in the company's sales performance in the near term.

Overall, the financial results for the quarter ending December 2023 reflect a strong and positive performance by HDFC Life Insurance Company. With a 'Hold' call by MarketsMOJO, investors can continue to monitor the company's progress and make informed decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News