HDFC Life Insurance Company consolidated net profit declines 14.54% in the March 2020 quarter

Sales rise 2.19% to Rs 10475.95 crore

Net profit of HDFC Life Insurance Company declined 14.54% to Rs 311.65 crore in the quarter ended March 2020 as against Rs 364.68 crore during the previous quarter ended March 2019. Sales rose 2.19% to Rs 10475.95 crore in the quarter ended March 2020 as against Rs 10251.25 crore during the previous quarter ended March 2019.

For the full year,net profit rose 1.53% to Rs 1297.45 crore in the year ended March 2020 as against Rs 1277.93 crore during the previous year ended March 2019. Sales rose 11.46% to Rs 32244.98 crore in the year ended March 2020 as against Rs 28930.67 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales10475.9510251.25 2 32244.9828930.67 11 OPM %1.941.48 -3.393.50 - PBDT406.59535.65 -24 1462.951517.81 -4 PBT406.59535.65 -24 1462.951517.81 -4 NP311.65364.68 -15 1297.451277.93 2

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