HDFC Life Quarterly Profit Rises 13.6% to 5.08 Billion Rupees
HDFC Life reported quarterly profit of 5.08 billion rupees for the quarter ended September 30, up from 4.47 billion rupees a year earlier, helped by higher premium income.
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10:39:13 AM UTC
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India's HDFC Life Insurance NSE:HDFCLIFE posted a 13.6% rise in quarterly profit on Thursday, helped by higher premium income, with analysts saying sales through parent HDFC Bank are picking up, aiding growth.Profit stood at 5.08 billion rupees ($53.44 million) for the quarter ended September 30, u…
India's HDFC Life Insurance (NSE:HDFCLIFE) reported a 13.6% increase in quarterly profit on Thursday, supported by higher premium income. Profit for the quarter ended September 30 was 5.08 billion rupees ($53.44 million), compared with 4.47 billion rupees a year earlier. The exchange rate was $1 = 95.0550 Indian rupees.