HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive financial results. HDFC Life reported a twelve percent rise in net profit, while ICICI Prudential Life’s profit increased twenty-eight percent. Both companies experienced strong contributions from their protection product offerings. Customer acquisition and product mix guided their respective business strategies during the period.
HDB Financial shares jump 5% on Q1 profit cheer. What are Nomura, Motilal Oswal saying?
HDB Financial Services reported a strong June quarter with profit rising 38%. Net interest income increased 20%, and asset quality showed improvement. Assets under management