Revenue decreased by 35.66% YoY & profit increased by 14.63% YoY, profit at ₹421.31 crore and revenue at ₹17389.85 crore

HDFC Life's share price today rose nearly 10% on January 16, 2025, after the company reported its impressive quarterly results for Q3 FY25. Private insurer HDFC

India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail insurance policies.

HDFC Life Insurance witnessed a 9.5% surge in share value following a 15% YoY rise in Q3 net profit to Rs 421.31 crore and a 10% increase in net premium income. Analysts largely maintained 'Buy' ratings,

HSBC expects HDFC Life's focus on new customer acquisition and expanding distribution to support future growth.

HDFC Life shares were up 10.28% to Rs 655.35 at around 10:17 am. Earlier, the stock had reached a day's high of Rs 657.80.

Global brokerage HSBC is of the view that margin at HDFC Life Insurance may improve going ahead in the rate-cut cycle as they are negatively correlated.

Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'

Net premium income increased by 10% to Rs 16,832 crore in Q3FY25 from Rs 15,273 crore in the same quarter of the prior fiscal year.

The growth in profit after tax (PAT) was driven by a record 24 per cent rise in HDFC Life's individual annual premium equivalent (APE).