Latest News | HDFC Life Shares Jump Nearly 12 Pc After December Quarter Earnings

New Delhi, Jan 16 (PTI) Shares of HDFC Life on Thursday jumped nearly 12 per cent after the firm reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter.

The stock surged 11.15 per cent to Rs 660.55 on the BSE.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for January 16, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

At the NSE, it soared 11.67 per cent to Rs 663.60.

The private sector insurer's profit stood at Rs 365 crore in the year-ago period, HDFC Life said in a regulatory filing on Wednesday.

Also Read | Shillong Teer Results Today, January 16 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

However, total income declined to Rs 16,914 crore in the latest quarter from Rs 26,694 crore in the year-ago period.

The company's solvency ratio also declined to 188 per cent from 190 per cent as on December 31, 2023 as against the regulatory requirement of 150 per cent.

For the nine-month period ended December, the life insurer posted a profit of Rs 1,326 crore as against Rs 1,157 crore in the corresponding period a year ago.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)