HDFC Life Insurance Company Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- HDFC Life Insurance Company Ltd reported a 40.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 36.1%.
- Its expenses for the quarter were down by 40.4% QoQ and 36.2% YoY.
- The net profit decreased 3.2% QoQ and increased 14.6% YoY.
- The earnings per share (EPS) of HDFC Life Insurance Company Ltd stood at 2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 17270.97 | 28776.43 | 27029.15 | -40.0% | -36.1% |
Total Expenses | 17090.44 | 28684.41 | 26770.23 | -40.4% | -36.2% |
Profit Before Tax | 127.00 | 94.77 | 299.03 | 34.0% | -57.5% |
Tax | -2.58 | -465.38 | -0.51 | -99.4% | 405.9% |
Profit After Tax | 421.31 | 435.18 | 367.54 | -3.2% | 14.6% |
Earnings Per Share | 2.00 | 2.00 | 1.70 | 0.0% | 17.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
HDFC Life Insurance Company Ltd is a leading life insurance provider in India, offering a range of individual and group insurance solutions. The company operates within the insurance industry, which is characterized by its focus on providing financial protection and savings solutions to customers. HDFC Life's product portfolio includes life insurance, pension, and investment plans designed to meet diverse customer needs. The company has been known for its innovative product offerings and strong distribution network, which includes a combination of agency, bancassurance, and direct channels. HDFC Life's commitment to digital transformation has been a key focus in recent years, enhancing customer experience and operational efficiency. However, specific recent developments or strategic initiatives beyond these general industry trends are not provided in the current data set.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), HDFC Life Insurance Company Ltd reported a total income of ₹17,270.97 crores. This reflects a significant decline of 40.0% compared to the previous quarter (Q2FY25), where the total income was ₹28,776.43 crores. On a year-over-year basis, the total income decreased by 36.1% from ₹27,029.15 crores in Q3FY24. The decline in revenue both quarter-over-quarter and year-over-year suggests variations in business activities or market conditions affecting the company's income generation. The financial data indicates a period of reduced revenue compared to both the previous quarter and the same quarter of the previous year.
Profitability
For Q3FY25, HDFC Life Insurance Company Ltd recorded a profit before tax of ₹127.00 crores, representing a 34.0% increase from the ₹94.77 crores reported in Q2FY25. However, this figure is substantially lower than the ₹299.03 crores achieved in Q3FY24, marking a 57.5% decline year-over-year. The tax expense for Q3FY25 was a positive ₹2.58 crores, contrasting significantly with the negative tax figure of ₹465.38 crores in Q2FY25. The profit after tax for the quarter stood at ₹421.31 crores, showing a marginal decrease of 3.2% from ₹435.18 crores in the previous quarter. Year-over-year, the profit after tax increased by 14.6% from ₹367.54 crores. The earnings per share (EPS) remained stable at ₹2.00 in Q3FY25 compared to Q2FY25, marking a 17.6% increase from the ₹1.70 reported in Q3FY24.
Operating Metrics
The financial data for Q3FY25 reveals key operating metrics including total expenses and earnings per share. Total expenses for the quarter were ₹17,090.44 crores, showing a decrease of 40.4% from ₹28,684.41 crores in Q2FY25 and a 36.2% reduction from ₹26,770.23 crores in Q3FY24. This reduction in expenses mirrors the decline in total income, suggesting adjustments in operational costs or other factors. The earnings per share held steady at ₹2.00 in Q3FY25, consistent with Q2FY25, and showed an improvement from ₹1.70 in Q3FY24. These operating metrics provide insights into the company's cost structure and shareholder value over the referenced periods. However, the data does not include additional financial ratios or metrics such as the P/E ratio, debt-to-equity ratio, or current ratio, which would require more comprehensive financial statements and market data.
