HDFC Life Insurance Company announced their Q4 FY24 results on 18 Apr, 2024, with a significant increase in both revenue and profit. The company reported a 27.81% year-over-year growth in revenue and a 13.73% year-over-year rise in profit.
In comparison to the previous quarter, HDFC Life Insurance Company witnessed a 4.39% growth in revenue and a 12% increase in profit.
The Selling, general & administrative expenses showed a notable decline of 39.67% quarter-on-quarter and a substantial decrease of 59.27% year-on-year.
The operating income for the company saw a positive trend, increasing by 21.8% quarter-on-quarter and 64.59% year-on-year.
The Earnings Per Share (EPS) for Q4 FY24 stood at ₹1.93, marking a 17.01% year-on-year increase.
Despite recent negative returns, with -4.46% in the last week, -5.22% in the last 6 months, and -6.35% year-to-date, analysts remain bullish on HDFC Life Insurance Company.
Currently, HDFC Life Insurance Company holds a market capitalization of ₹130239.2 Cr, with a 52-week high/low of ₹710.6 & ₹511.4 respectively.
Out of 30 analysts covering the company as of 20 Apr, 2024, 4 analysts have a Hold rating, 14 analysts recommend buying, and 12 analysts suggest a Strong Buy rating.
The consensus recommendation as of 20 Apr, 2024, stands at Strong Buy, reflecting the positive outlook for HDFC Life Insurance Company.
| Period | Q4 FY24 | Q3 FY24 | Q-o-Q Growth | Q4 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 28215.61 | 27029.15 | +4.39% | 22076.4 | +27.81% |
| Selling/ General/ Admin Expenses Total | 847 | 1403.99 | -39.67% | 2079.68 | -59.27% |
| Total Operating Expense | 27765.66 | 26659.72 | +4.15% | 21803.02 | +27.35% |
| Operating Income | 449.95 | 369.43 | +21.8% | 273.38 | +64.59% |
| Net Income Before Taxes | 449.96 | 369.44 | +21.8% | 273.38 | +64.59% |
| Net Income | 411.64 | 367.54 | +12% | 361.96 | +13.73% |
| Diluted Normalized EPS | 1.93 | 1.52 | +26.52% | 1.65 | +17.01% |
FAQs
Question : What is the Q4 FY24 profit/Loss as per company?
Ans : ₹411.64Cr
Question : What is Q4 FY24 revenue?
Ans : ₹28215.61Cr
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Published: 20 Apr 2024, 03:52 AM IST