Canara HSBC Life Insurance Company544583Life insurance
Canara HSBC Life Insurance posted strong Q2 numbers with growth, margin expansion and favourable valuation despite recent stock weakness
By ScoutQuest · · 1 min read
- Total APE growth
- 11 percent
- Retail APE growth
- 12 percent
- Value of new business growth
- 20 percent
- Value of new business
- 142 crore rupees
- Margin expansion
- 165 basis points
Heard on business television between 08:24:36 - 08:27:36 IST.
- Total APE grew about 11%, retail APE growing at 12%.
- Value of new business up 20% at about 142 crore rupees.
- Margins expanded about 165 basis points to 21.35% versus 19.7%.
- Stock had ended Friday with cuts of more than 4%, but valuation looks favourable given the growth.
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