HDFC Life share price climbs 10% as Q3 profit rises 14% to ₹415 crore

In early trade, the stock was trading at ₹653.60 apiece, reflecting an increase of 10%, on the National Stock Exchange (NSE).

The market capitalisation stands at ₹1,40,707.19 crore.

HDFC Life Q3 results

HDFC Life reported a 13.66% rise in net profit to ₹414.94 crore in the latest December quarter as compared to ₹365.06 crore post-tax profit in the year-ago period, the company said in a regulatory filing.

The company's total income declined 36.6% to ₹16,914 crore in the quarter under review as against ₹26,694 crore in the year-ago period.

The solvency ratio was 188% from 190% as of December 2023, compared to the regulatory requirement of 150%.

The private insurer delivered a strong individual annual premium equivalent (APE) of 26%, backed by a 15% surge in the number of policies sold and a balanced product mix, the company said in an exchange filing.

Overall market share (individual weighted received premium) climbed by 70 bps to 10.8%, while private sector market share stood at 15.3%.

The value of new business (VNB) rose 14% to ₹2,586 crore, while assets under management stood at ₹3.3 lakh crore.

Vibha Padalkar, Managing Director and CEO of HDFC Life, said, "We have registered a healthy growth of 22%, based on individual WRP for 9MFY25, outpacing overall industry growth of 14%. We have witnessed both ticket size and volume expansion during this period. The number of policies has grown by 15%, outperforming the private sector's growth of 9%. Retail protection continues to grow well. Retail protection APE for nine months saw a growth of 28%."

"We are committed to adapting to the evolving market landscape with agility and resilience. This includes continued investment in distribution, tech and customer-centric product innovations to deliver long-term value for our stakeholders," she added.