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via economictimes.indiatimes.comBusiness & Companies

HDFC Life posts 14% rise in September quarter profit

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a percentage point. Value of new business grew 12% to ₹2,040 crore.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong profit growth and expanding new business margins at a large Indian life insurer are relevant for the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The value of new business margin expanded 20 basis points to 24.7% from 24.5% a year ago.
  2. 02Value of new business grew 12% to ₹2,040 crore.
  3. 03One basis point is a hundredth of a percentage point.

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