HDFC Life Insurance was last trading 3.58 per cent lower at Rs 679.50 on the BSE.
Share Price of HDFC Life Insurance edged lower by around four per cent on Tuesday, April 27, after reporting its January-March quarter results for the financial year 2020-21. On Tuesday, HDFC Life Insurance opened on the BSE at Rs 710, touching an intra day high of Rs 719, and an intra day low of Rs 678, in the trading session so far. HDFC Life Insurance Company reported a consolidated profit of Rs 319.06 crore in the fourth quarter of fiscal 2020-21. The company’s net premium income increased to Rs 12,869.55 crore from Rs 10,475.95 crore in the year-ago period.
The value of the new business or VNB went up 14 per cent to Rs 2,185 crore, on the back of consistent growth, balanced product mix, as well as cost efficiencies. These factors helped in translating to new business margin of 26.1 per cent.
Meanwhile, on the NSE, HDFC Life Insurance opened at Rs 711.05, touching an intra day high of Rs 719, and an intra day low of Rs 678, in the session so far. On the NSE, it was last trading 3.56 per cent lower at Rs 679.35 apiece.
HDFC Life Insurance was last trading 3.58 per cent lower at Rs 679.50 apiece on the BSE.