Update: Q4 Results FY '20 Private life insurer major HDFC Life Insurance posted its Q4 numbers today after market hours. The company posted a 14.5% Y-O-Y decline in consolidated net profit at INR 311.65 Cr (vs INR 364.88 Cr), impacted by a rise in provisions and a drop in net investment income. Net premium income growth saw a marginal hike to INR 10,475.95 Cr in the March quarter compared to INR 10,251.26 Cr. The total new business premium rose by 15% Y-o-Y to INR 17,239 Cr in FY20. The new
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Update: Q2 Results FY 2019-20 The Board of Directors of HDFC Life today on 23th October 2019 approved the consolidated and standalone audited financial results for the half year ended September 30, 2019. Below is the summary of standalone results: Private Market Share: The Company expanded its market share in the private sector to 15.2 percent based on Individual WRP (weighted received premium), on the back of Y-O-Y growth of 35 percent. HDFC Life continue to rank No.1 amongst private players
HDFC AMC - one of the largest and well-established asset management company in the country - is planning to raise INR 2,787.60 Cr / 2,800.33 Cr (all OFS) via initial public offer (IPO) HDFC AMC - Company Profile Incorporated in the year 1999, HDFC Asset Management Company (HDFC AMC) Limited is well-known fund house in India engaged in providing savings and investment products. HDFC AMC is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life
Housing Finance Sector: Q1 (April - June 2017) was fantastic as far as Housing Finance sector is concern. Almost all the companies have shown strong performance in the quarter. The government led actions with the mission of Housing for All by 2022 and Pradhan Mantri Awas Yojana along with Real Estate Regulatory Authority (RERA) Bill has induced substantial positivity in the sector especially from a long term perspective. For the numbers, the profits of the companies were UP in the range
Housing Finance Sector: Q4 was again fantastic as far as Housing Finance sector is concern. Almost all the companies have shown strong performance in the quarter. Click here for Q3 Results. For the numbers, the profits of the companies were UP in the range of 18% to 49%, while revenues were up in the range between 10% to 24%. Country's largest housing finance company and market leader Housing Development Finance Corporation registered surprising negative growth in Profit (21.59% down)