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HDFC Life This autumn Result: Private sector insurance coverage firm HDFC Life has launched its fourth quarter outcomes right this moment. The firm has launched the outcomes on Tuesday. In the fourth quarter of the monetary yr 2021-22, the corporate’s web revenue has elevated by 12.4 % to Rs 357.52 crore. At the identical time, its web revenue in the identical interval a yr in the past was Rs 317.94 crore.
The firm gave info to the inventory market
The firm has given details about this to the inventory market right this moment. The firm has instructed out there info that its complete revenue within the interval January-March, 2022 was Rs 16,054.94 crore as in comparison with Rs 19,191.32 crore in the identical interval a yr in the past. Of this, the online premium revenue stood at Rs 14,289.66 crore as towards Rs 12,868.01 crore within the year-ago interval.
What was the online revenue a yr in the past
Let us inform you that the online revenue of the non-public insurance coverage firm for the whole monetary yr of 2021-22 declined from Rs 1,360 crore a yr in the past to Rs 1,208 crore.
Know what the CEO of the corporate stated?
Vibha Padalkar, Managing Director and CEO, HDFC Life stated, “The cause for the 11 % decline in web revenue for the yr 2021-22 was that more cash needed to be reserved for individuals who misplaced their lives throughout the pandemic. The firm’s complete premium income grew 19 per cent to Rs 45,963 crore within the monetary yr ended March 31. In the yr 2020-21, it was Rs 38,583 crore.
Dividend will likely be Rs 1.70 per share
Meanwhile, the Board of Directors of HDFC Life has beneficial a last dividend of Rs 1.70 per share for the monetary yr 2021-22. The Board of Directors has additionally given in-principle approval to the proposal to boost funds as much as Rs 350 crore on the idea of personal allocation.
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