HDFC Life Insurance Company Q4 FY24 Results Live : profit rise by 13.73% YOY
HDFC Life Insurance Company announced their Q4 FY24 results on 18 Apr, 2024, with a significant increase in both revenue and profit. The company reported a 27.81% year-over-year growth in revenue and a 13.73% year-over-year rise in profit.
In comparison to the previous quarter, HDFC Life Insurance Company witnessed a 4.39% growth in revenue and a 12% increase in profit. The Selling, general & administrative expenses showed a notable decline of 39.67% quarter-on-quarter and a substantial decrease of 59.27% year-on-year.
The operating income for the company saw a positive trend, increasing by 21.8% quarter-on-quarter and 64.59% year-on-year. The Earnings Per Share (EPS) for Q4 FY24 stood at ₹1.93, marking a 17.01% year-on-year increase.
Despite recent negative returns, with -4.46% in the last week, -5.22% in the last 6 months, and -6.35% year-to-date, analysts remain bullish on HDFC Life Insurance Company. Currently, HDFC Life Insurance Company holds a market capitalization of ₹130239.2 Cr, with a 52-week high/low of ₹710.6 & ₹511.4 respectively.
Out of 30 analysts covering the company as of 20 Apr, 2024, 4 analysts have a Hold rating, 14 analysts recommend buying, and 12 analysts suggest a Strong Buy rating. The consensus recommendation as of 20 Apr, 2024, stands at Strong Buy, reflecting the positive outlook for HDFC Life Insurance Company.FAQsQuestion : What is the Q4 FY24 profit/Loss as per company?Ans : ₹411.64CrQuestion : What is Q4 FY24 revenue?Ans : ₹28215.61Cr Stay updated on quarterly results with our results calendarMilestone Alert!
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