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.

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

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

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

HDFC Life is anticipated to see a 21% year-on-year increase in profit to Rs 443 crore in the third quarter. However, the value of new business growth is likely to be between 19-21% YoY, with a predicted decline in margins.

Shares of HDFC Life Insurance witnessed a significant rally in todays trading session, climbing as much as 12% since yesterdays close. The stocks saw this surge after the company reported a strong financial performance for the quarter ending December 2024 (Q3 FY25).

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'

HDFC Life on Wednesday (January 15) reported a 15% rise in its third quarter of FY25 net profit, reaching ₹421.31 crore. This is up from ₹367.54 crore in the third quarter of FY24. Net premium income grew by 10%,

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).