HDFC Life Insurance share price: Stock market news: HDFC Life Insurance Company shares trade flat with a negative bias in afternoon session


NEW DELHI: Shares of HDFC Life Insurance Company Ltd. traded 0.26 per cent down in Tuesday’s trade at 12:39PM (IST). Around 4271100 shares changed hands on the counter. The stock opened at Rs 574.6 and touched an intraday high and low of Rs 581 and Rs 567, respectively, in the session so far.

The stock quoted a 52-week high of Rs 646.75 and a 52-week low of Rs 340.

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.

Financials

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 115092.86 Crore) operating in Financial Services sector.

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.

Promoter holding

Promoters held 50.14 per cent stake in the company as of quarter ended 31st Sep 2020.

Valuation ratio

It quoted a price-to-earnings ratio of 85.78 and price to book value of 13.11.





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