HDFC Life Insurance Reports Q3 FY24-25 Results Amid Mixed Performance Indicators

Jan 15 2025 07:00 PM IST
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HDFC Life Insurance Company announced its financial results for Q3 FY24-25, revealing a significant year-on-year increase in Profit Before Tax, reaching Rs 448.03 crore, the highest in five quarters. However, net sales declined to Rs 17,300.27 crore, marking the lowest level in the same timeframe.
HDFC Life Insurance Company has released its financial results for the third quarter of FY24-25, which were made public on January 15, 2025. The results indicate a notable adjustment in evaluation, with the company's score experiencing a significant decline over the past three months.

In terms of profitability, the company reported a Profit Before Tax less Other Income (PBT) of Rs 448.03 crore, showcasing a year-on-year growth of 69.61%. This figure represents the highest PBT achieved in the last five quarters, suggesting a favorable near-term trend in operational performance. Furthermore, the Operating Profit (PBDIT) also reached Rs 448.03 crore, reflecting enhanced operational efficiency, with an Operating Profit Margin of 2.59%, the highest recorded in the same period.

On the other hand, HDFC Life Insurance faced challenges in its net sales, which decreased to Rs 17,300.27 crore, marking a year-on-year decline of 35.75%. This figure is the lowest net sales recorded in the last five quarters, indicating a negative trend in sales performance.

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