HDFC Life Insurance Company Q2 Results Live : HDFC Life Insurance Company declared their Q2 results on 15 Oct, 2024, reporting a significant increase in topline growth. The company's revenue surged by 22.87% year-over-year, while profit saw a commendable rise of 15.07%. However, compared to the previous quarter, revenue experienced a modest growth of 5.8%, while profit faced a decline of 9.14%.
In terms of operational efficiency, the Selling, General & Administrative expenses saw a decline of 7.4% quarter-over-quarter, although they increased by 11.32% year-over-year. The company's operating income was down by 11.76% compared to the previous quarter, but exhibited a robust increase of 32.6% year-over-year.
HDFC Life's earnings per share (EPS) for Q2 stood at ₹2.01, marking an increase of 16.63% year-over-year. The financial performance reflects the company's ability to grow amidst varying market conditions.
In the stock market, HDFC Life Insurance Company has demonstrated a 0.58% return over the past week, an impressive 18.14% return over the last six months, and a year-to-date return of 10.45%. Currently, the company holds a market cap of ₹153,683.8 crore with a 52-week high of ₹761.2 and a low of ₹511.4.
As of 16 Oct, 2024, out of the 31 analysts covering HDFC Life Insurance, the consensus recommendation is to Strong Buy, with 15 analysts supporting this rating. Only 1 analyst has issued a Sell rating, while 4 have given Hold ratings and 11 have provided Buy ratings, reflecting strong market confidence in the company's performance.
HDFC Life Insurance Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 28583.3 | 27015.9 | +5.8% | 23263.35 | +22.87% |
| Selling/ General/ Admin Expenses Total | 804.89 | 869.18 | -7.4% | 723.06 | +11.32% |
| Total Operating Expense | 28142.84 | 26516.73 | +6.13% | 22931.19 | +22.73% |
| Operating Income | 440.46 | 499.17 | -11.76% | 332.16 | +32.6% |
| Net Income Before Taxes | 440.46 | 499.17 | -11.76% | 332.19 | +32.59% |
| Net Income | 435.18 | 478.97 | -9.14% | 378.2 | +15.07% |
| Diluted Normalized EPS | 2.01 | 2.25 | -10.59% | 1.72 | +16.63% |
FAQs
What is the Q2 profit/Loss as per company?
₹435.18Cr
What is Q2 revenue?
₹28583.3Cr
