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.

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.

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.

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.

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,

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.

The results of Q2, which runs from July to September, will also be released by the major life insurance provider HDFC Life, the print media company DB Corp, the laminate manufacturer Stylam Industries, and the electrical wires and cables manufacturer, KEI Industries.

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