HDFC Life Q1FY24 Results: Consolidated PAT Rises to Rs. 416.72 Cr

HDFC Life Q1FY24 Results: Consolidated PAT Rises to Rs. 416.72 Cr

HDFC Life Q1 results show revenue up from 21,470.50 crores to 23,242.86 crores, an 8.25% increase in growth. EPS rise from ₹1.70 to ₹1.94, up by 14.12%.

First, Let’s Begin with Quarter-on-Quarter Basis:

HDFC Life shared its Q1 results on Friday. They earned 23,242.86 crores in revenue this quarter, but that’s more than the 21,470.50 crores they made last quarter. The company’s growth increased by 8.25 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 416.72 crores, up from 361.97 crores in the previous quarter. Their quarter-to-quarter growth increased by 15.13 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.94, which is an increase of 14.12% from the ₹1.70 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 23,242.86 crores this year (2023), which is 250.21 percent higher than last year’s total revenue of 6636.78 crores.

This year’s PAT (Profit After Tax) is 416.72 crores, which is also 15.31% higher than last year’s PAT of 361.40 crores.

The EPS (Earnings Per Share) for this year is ₹1.94, which is 13.45% more than the EPS of ₹1.71 earned last year.

Also Read: Mphasis Q1FY24 Results: Consolidated PAT Down to Rs. 396.05 Cr

HDFC Life Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About HDFC Life :

HDFC Life Insurance Company Limited offers a range of insurance services, providing legal protection for health, properties, automobiles, education, and life after retirement. Catering to customers in India, HDFC Life Insurance serves the diverse needs of individuals and families.

Download the Full PDF of HDFC Life Q1 Results: Click Here

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