About the Company:
HDFC Life Insurance Company is a long-term life insurance provider with its headquarters situated in Mumbai. The company offers individual and group insurance. It is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institution and a global investment company, Standard Life Aberdeen PLC. As on March 31st, 2019, the promoters of HDFC Limited and Standard Life (Mauritius Holdings) 2006 Limited hold 51.5% and 24.7% respectively in HDFC Life.
QoQ & YoY Performance:
India’s one of the leading Life Insurance Company has declared the results for the fourth quarter of fiscal year ending March 2020.
- Net Premium Income: The net premium income has increased marginally at Rs. 1,046,446 up by 33.23% on QoQ basis while on YoY basis it is surged by 2.12%.
- Net Investment Income: Net investment income has slipped to Rs. 1,022,992 as compare to income Rs. 3,73,255 of last quarter.
- Net Profit After Tax: The insurance company has posted 14.37% decrease in PAT on YoY basis while on QoQ basis, the company has posted PAT up by 24.56%.
- Provisions: Provisions for the diminution in the value of investment increased by Rs. 17,903 as compared to previous quarter.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs. 486.45 per share, the quarterly profit of the company is surged by 24.56% and the net premium income is also increased by 33.23%, so we will suggest you to BUY position in the stock for the target of Rs. 570 per share.