HDFC Life reported a 6 per cent increase in its profits in the September quarter, the first since its inclusion in the list of the 50 biggest stocks making up the country’s top equity benchmark, as collections improved through the stage-gated unlocking at India’s leading private life insurer.
For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 219.37 Crore, down 37.84 % from last quarter Sales of Rs 352.92 Crore and down 2.53 % from last year same quarter Sales of Rs 225.06 Crore. Company has reported net profit after tax of Rs 327.83 Crore in latest quarter.
HDFC Life Insurance Company Ltd. key Products/Revenue Segments include Amount transferred from Policyholder Account which contributed Rs 1191.39 Crore to Sales Value (73.12 % of Total Sales), Interest, Dividend & Rent which contributed Rs 360.25 Crore to Sales Value (22.11 % of Total Sales) and Profit/Loss on Sale/Redemption of Investments which contributed Rs 77.56 Crore to Sales Value (4.76 % of Total Sales) for the year ending 31-Mar-2020.
Promoters held 50.14 per cent stake in the company as of quarter ended 31st Sep 2020.
It quoted a price-to-earnings ratio of 85.78 and price to book value of 13.11.