26 May 2020 | 11:31 AM

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COMPANYNEWS
HDFC Life Insurance Q1 net profit up 11.69% at Rs 424.62 cr
  HDFC Life Insurance Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-23-2019
The company reported standalone net profit of Rs 424.62 crore for the quarter ended June 30 2019 as compared to Rs 380.18 crore in the same period last year registering a year-on-year growth of 11.69 per cent.


Net revenue of the company rose moderately by 9.49 per cent at Rs 350.33 crore in April-June quarter of this fiscal as against Rs 319.97 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 25.00 per cent to Rs 12.21 crore from Rs 16.28 crore in year ago period.


Operating Profit surged by 14.22 per cent to Rs 436.88 crore as against Rs 382.50 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.32 per cent in June quarter.


Taxation increased by 5.33 per cent at Rs 12.26 crore (Jun`18 Rs 11.64 crore).