Revenue decreased by 35.66% YoY & profit increased by 14.63% YoY, profit at ₹421.31 crore and revenue at ₹17389.85 crore

India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail insurance policies.

HDFC Life's share price today rose nearly 10% on January 16, 2025, after the company reported its impressive quarterly results for Q3 FY25. Private insurer HDFC

HDFC Life’s shares surged 9.60% following Q3FY25 results, wherein the insurance company posted a 15% net profit increase. Analysts are positive, with CLSA and Jefferies maintaining buy ratings. HSBC expects margin improvements as credit protection sales increase and low-margin product growth slows.

Shares of HDFC Life Insurance witnessed a significant rally in todays trading session, climbing as much as 12% since yesterdays close. The stocks saw this surge after the company reported a strong financial performance for the quarter ending December 2024 (Q3 FY25).

HDFC Life Insurance reported a 15% increase in consolidated net profit for the December quarter, reaching Rs 421.31 crore. The company's net premium income rose by 10%, driven by strong individual annual premium equivalent growth of 24%.

HSBC expects HDFC Life's focus on new customer acquisition and expanding distribution to support future growth.

Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'

HDFC Life reported a value of new business (VNB) margin of 25.1 percent for the nine months ending December 31

The growth in profit after tax (PAT) was driven by a record 24 per cent rise in HDFC Life's individual annual premium equivalent (APE).