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HDFC Life Insurance Q2 standalone net profit rises 7% at Rs 309 crore

The company's net profit in the year-ago period stood at Rs 286.98 crore

Press Trust of India  |  New Delhi 

HDFC
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Life Insurance Company on Wednesday posted 7.5 per cent rise in standalone net profit to Rs 308.69 crore for the second quarter ended September 30.

The company's net profit in the year-ago period stood at Rs 286.98 crore.

Total income of the insurance firm rose to Rs 8,661.56 crore from Rs 7,902.10 in the same quarter a year ago, Life said in a regulatory filing.

The asset under the management of insurance firm rose to Rs 1.3 trillion.

"We have delivered strong performance across all key metrics and have continued to sustain our profitability. Despite a challenging macro-environment, we have grown by 35 per cent on individual weighted received premium, compared to industry growth of 11 per cent," Life Insurance Managing Director Vibha Padalkar said.

First Published: Wed, October 23 2019. 15:10 IST
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