Post Q4, HDFC Life sank by 2% in Tuesday’s trade. The Company noted a loss of 14.3% on Monday in its net profit of Rs. 311.71 crore for the March quarter due to fall in investment income.
Last year, the company managed to bag home a profit of Rs. 364.01 crore. The investment income fell to negative Rs 10,229.92 crore in the quarter as against an income of Rs 3,755.6 crore in the year-ago period.