26 May 2020 | 11:41 AM

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HDFC Life Insurance Q2 net profit up 7.56% at Rs 308.69 cr
  HDFC Life Insurance Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-23-2019
The company reported standalone net profit of Rs 308.69 crore for the quarter ended September 30 2019 as compared to Rs 286.98 crore in the same period last year registering a year-on-year growth of 7.56 per cent.


Net revenue of the company declined by 5.88 per cent at Rs 220.30 crore in July-September quarter of this fiscal as against Rs 234.07 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 203.25 per cent to Rs 33.54 crore from Rs 11.06 crore in year ago period.


Operating Profit surged by 10.28 per cent to Rs 326.77 crore as against Rs 296.32 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 17.17 per cent in September quarter.


Taxation increased by 93.58 per cent at Rs 18.08 crore (Sep`18 Rs 9.34 crore).