26 May 2020 | 12:08 PM

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HDFC Life Insurance Q4 net profit up 4.95% at Rs 364.01 cr
  HDFC Life Insurance Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 04-26-2019
The company reported standalone net profit of Rs 364.01 crore for the quarter ended March 31 2019 as compared to Rs 346.84 crore in the same period last year registering a year-on-year growth of 4.95 per cent.


Net revenue of the company rose substantially by 20.03 per cent at Rs 475.94 crore in January-March quarter of this fiscal as against Rs 396.51 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 103.49 per cent to Rs 315.22 crore from Rs 154.91 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 11.76 crore versus (Mar`18 Rs 0.00 crore).


Operating Profit slipped by 1.60 per cent to Rs 333.52 crore as against Rs 338.95 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.02 per cent in March quarter.


Taxation increased by 137.39 per cent at Rs -18.73 crore (Mar`18 Rs -7.89 crore).