Business Standard

Saturday, December 21, 2024 | 12:59 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

HDFC Life Q3 profit remains flat at Rs 250 cr

Image

Press Trust of India New Delhi

HDFC Life on Thursday reported a flat growth in profit at Rs 250.24 crore for the third quarter ended December 31.

The private sector insurer's profit stood at Rs 245.63 crore in the same quarter of 2017, HDFC Life said in a statement.

Its total income declined to Rs 11,648.72 crore from Rs 9,303.09 crore in October-December 2018.

During the April-December period, the company's net profit rose 8 per cent to Rs 984 crore from Rs 913 crore.

The company's solvency ratio was 1.95 as on December 31 as against the regulatory requirement of 1.50.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 23 2020 | 7:35 PM IST

Explore News