HDFC Life Insurance Company Limited (BOM: 540777)

HDFC Life Insurance Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	649,556	621,121	568,788	468,009	381,942	322,673
Total Interest & Dividend Income	176,181	166,542	135,275	102,637	83,077	72,140
Gain (Loss) on Sale of Investments	278,414	227,983	-1,932	103,503	252,540	-108,073
Other Revenue	3,341	3,954	5,578	2,113	1,865	2,627
Total Revenue	1,107,492	1,019,600	707,709	676,262	719,424	289,368
Revenue Growth (YoY)	23.31%	44.07%	4.65%	-6.00%	148.62%	-24.85%
Policy Benefits	957,279	882,246	574,516	577,910	635,800	212,824
Policy Acquisition & Underwriting Costs	67,349	52,621	28,906	20,078	17,125	14,912
Selling, General & Administrative	63,422	67,882	83,280	57,834	45,022	41,452
Other Operating Expenses	6,814	6,306	5,754	5,036	4,642	4,934
Total Operating Expenses	1,094,951	1,009,138	692,674	660,990	702,682	274,568
Operating Income	12,541	10,462	15,035	15,273	16,741	14,800
Interest Expense	-664.58	-689.08	-621.94	-400.2	-454.54	-170.61
EBT Excluding Unusual Items	11,877	9,773	14,413	14,873	16,287	14,630
Other Unusual Items	-20	-	-	-	-	-
Pretax Income	11,857	9,773	14,413	14,873	16,287	14,630
Income Tax Expense	-5,069	-5,968	730.45	1,603	2,678	1,655
Net Income	16,926	15,741	13,683	13,269	13,609	12,974
Net Income to Common	16,926	15,741	13,683	13,269	13,609	12,974
Net Income Growth	14.46%	15.04%	3.12%	-2.49%	4.89%	1.53%
Shares Outstanding (Basic)	2,150	2,150	2,133	2,045	2,020	2,018
Shares Outstanding (Diluted)	2,152	2,152	2,134	2,047	2,022	2,020
Shares Change (YoY)	0.03%	0.86%	4.25%	1.22%	0.10%	0.06%
EPS (Basic)	7.87	7.32	6.41	6.49	6.74	6.43
EPS (Diluted)	7.86	7.31	6.41	6.48	6.73	6.42
EPS Growth	14.41%	14.04%	-1.08%	-3.71%	4.83%	1.42%
Free Cash Flow	-	105,854	67,956	58,859	96,416	73,491
Free Cash Flow Per Share	-	49.18	31.85	28.75	47.67	36.38
Dividend Per Share	2.000	2.000	1.900	1.700	2.020	-
Dividend Growth	5.26%	5.26%	11.76%	-15.84%	-	-
Operating Margin	1.13%	1.03%	2.12%	2.26%	2.33%	5.11%
Profit Margin	1.53%	1.54%	1.93%	1.96%	1.89%	4.48%
Free Cash Flow Margin	-	10.38%	9.60%	8.70%	13.40%	25.40%
EBITDA	12,792	10,880	15,788	15,797	17,247	15,265
EBITDA Margin	1.16%	1.07%	2.23%	2.34%	2.40%	5.28%
D&A For EBITDA	250.17	417.78	752.99	523.83	506.12	465.03
EBIT	12,541	10,462	15,035	15,273	16,741	14,800
EBIT Margin	1.13%	1.03%	2.12%	2.26%	2.33%	5.11%
Effective Tax Rate	-	-	5.07%	10.78%	16.44%	11.31%

Source: S&P Capital IQ. Insurance template. Financial Sources.