Canara HSBC Life Insurance jumps on strong Q1
Mumbai, July 21 -- The company's consolidated profit after tax increased 20.15% YoY to Rs 28.14 crore in Q1 FY27. PAT declined 18.97% QoQ from Rs 34.73 crore in Q4 FY26.
Total income rose 20.03% YoY to Rs 4,382.86 crore in Q1 FY27. On a sequential basis, total income increased 237.96% from Rs 1,296.86 crore in Q4 FY26.
Profit before tax stood at Rs 31.51 crore in Q1 FY27, up 20.87% YoY and down 18.39% QoQ.
Employee expenses increased 26.49% YoY to Rs 214.99 crore, while other expenses rose 20.45% YoY to Rs 4,135.90 crore. Total operating expenditure increased 20.01% YoY to Rs 4,350.89 crore.
On the business front, Individual Weighted Premium Income (WPI) rose 17.8% YoY to Rs 470 crore, while New Business Premium increased 25.2% YoY to...
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