HDFC Life Insurance Company, a Mumbai-headquartered life insurer, reported its quarterly financial results on Tuesday, October 15. The life insurance company's stock slipped into the red after the earnings release.

Its value of new business (VNB) increased 17.1 per cent Y-o-Y to Rs 938 crore in Q2, compared to Rs 801 crore in the year-ago period

HDFC Asset Management Company (AMC) reported a strong Q2 performance with a 32% increase in net profit, reaching ₹576.6 crore. This marks a rise from ₹436.5 crore in the same period last year. Revenue for the quarter climbed 38% to ₹887.

The consolidated and standalone financial results for the half-year that ended on September 30, 2024, were announced by HDFC Life today. For the current fiscal year, HDFC Life Insurance Co.s net profit for the July–September quarter was Rs 433 Cr,

Net profit beats analyst expectations as healthy growth in premium income, investment income helps the life insurer.

The company's net premium income grew by 12% year-on-year (YoY) to ₹16,570 crore during the July-September quarter.

HDFC Life's value of new business (VNB)—a gauge of profitability—is expected to increase 18 per cent to Rs 946 crore with a VnB margin of 25.4 per cent, instead of 26.3 per cent a year ago, according to Zee Business research.

Profit after tax (PAT) for the quarter ended September 30, 2024, was Rs 576.9 crore as compared to Rs 437.6 crore in the year-ago period.

HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576

Leading insurer HDFC Life reported a 15% increase in standalone net profit for the second quarter, reaching ₹433 crore, up from ₹377 crore in the same period last year.

HDFC Asset Management Company anticipates significant profit growth and revenue increase in the upcoming quarter.