HDFC Life has released its second quarter results. The company's profit has increased by 15 percent compared to last year. This increase in profit has been seen due to better investment income along with a jump in premium collection. Despite the increase in profit and premium income, the stock is seeing a decline with the results. In the last half hour of trading, the stock was trading with a decline of more than 3 percent.

How were the quarterly figures? According to the data released by the company, the company's profit has increased by 14.8 percent to Rs 433 crore compared to last year. A year ago, the company's profit was at the level of Rs 377 crore. At the same time, the company's net premium income has increased from Rs 14756 crore to Rs 16570 crore. During the quarter, the first year premium has increased by 27 percent compared to last year. At the same time, the renewal premium has increased by 13 percent on a year-on-year basis. If we look at other business figures, the company's asset under management has increased by 23 percent to Rs 3.25 lakh crore in the quarter. The value of new business has increased from Rs 801 crore to Rs 938 crore. The market was expecting a business of 958 crore. On a year-on-year basis, the value of new business margin has come down from 26.31 percent to 24.31 percent. This figure has also been less than market estimates. The market had expected the margin to be at 25.37 percent. The total APE (Annual Premium Equivalent) has increased from Rs 3045 crore to Rs 3858 crore. The market had expected the APE to be Rs 3775 crore. At the same time, the solvency ratio till 30 September was 181 percent.