HDFC Life Insurance Co Ltd. reported a 4.7% rise in its consolidated net profit for the fourth quarter for FY26, as per an exchange filing on Thursday. The company has declared a final dividend of Rs 2.10 per share.
The company's net profit stood at Rs 497 crore on Year-on-Year (YoY) basis, compared to last fiscal's Rs 475 crore. The net premium income was up 9% to 25,998 crore YoY compared to Rs 23,998 crore in the year ago period. The company will also issue 1.4 crore shares worth Rs 1,000 crore to HDFC Bank.
The firm said that it has recommended a final dividend of Rs 2.10 per equity share of face value of Rs 10 each for the financial year 2025-26, subject to approval of the shareholders' at its upcoming annual general meeting.
The firm's record date to determine the entitlement of the shareholders' for the final dividend will be Friday, June 19, 2026.
The payment of final dividend will be made on or after July 20, 2026, subject to deduction of tax at source at applicable rate, the company's press release said.
The company has also considered and approved the reappointment of Niraj Shah as executive director and chief financial officer of the company with effect from April 26, 2026, subject to approval of the shareholders at the ensuing annual general meeting and Insurance Regulatory and Development Authority of India.
Share price of HDFC Life Insurance Co. Ltd. ended 1.40% lower at 631.50 per share, compared to a downturn of 0.14% for the NSE Nifty 50.
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