| Revenue growth | APE grew 9% YoY; VNB grew 9% to INR 879 Cr. |
|---|---|
| Margins | VNB margins at 25%; expecting expansion as GST impact neutralizes. |
| Demand visibility | Strong traction in protection and variable annuity products. |
| Management confidence | Confident in agency channel and HDFC Bank recovery. |
Growth
Individual APE/WRP grew 7-8%; overall APE grew 9%. Agency channel grew 21%; retail protection grew 42%.
Outlook
Targeting VNB growth in line with APE. Expect 15-17% industry growth; aims to grow slightly faster than industry.
Risks
Subdued HDFC Bank channel volumes; 60bps residual GST impact; moderating persistency in unit-linked cohorts.
Last quarter's promises, checked
Delivered
- Raise ₹750 Cr sub-debt → Raised ₹1,000 Cr via allotment (= BEAT)
- Neutralize GST margin impact → VNB margin at 25% (= BEAT)
- Launch variable annuity in Q4 FY26 → Launched and seeing momentum (= BEAT)
Partly delivered
- VNB growth in line with top line → APE 9% vs VNB 9% (= PARTIAL)
Missed
- Grow 16-18% (capacitized) → Delivered 9% APE growth (= MISS)
Investor Presentation filed with BSE, NSE: HDFCLIFE. Summary written with AI assistance from the document.
HDFC Life Insurance Company Ltd: key numbers
- Share price
- ₹542.05
- Market cap
- ₹1,17,765 Cr
- Revenue (annual)
- ₹99,432 Cr
- Net profit (annual)
- ₹1,912 Cr
- P/E (TTM)
- 59.6×Sector 21.9×
- Promoter holding
- 50.54%+0.33% QoQ
- FII holding
- 19.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HDFC Life Insurance Company Ltd
All →HDFC Life Insurance Company Legal & Regulatory
HDFC Life Insurance Company Limited has disclosed regulatory actions or orders passed against the company as per LODR requirements.
HDFC Life Insurance Company Legal & Regulatory
HDFC Life received an appeal order confirming a tax demand and penalty totaling ₹3,365.15 Crore. The company will contest the order at the GST Tribunal.
- Value
- ₹3,365 Cr
HDFC Life Insurance Company Legal & Regulatory
HDFC Life received an appeal order from the GST Commissionerate confirming a previous tax demand of Rs 2,422.97 crore. The company will contest this before the tribunal.
- Value
- ₹2,423 Cr
HDFC Life Insurance Company Debt & Borrowing
HDFC Life has set September 24, 2026, as the record date for the annual interest payment on its non-convertible debentures.
HDFC Life Insurance Company Employee Stock Options
HDFC Life allotted 1,14,000 equity shares under its Employee Stock Option Schemes. The post-allotment paid-up share capital has been updated accordingly.
HDFC Life Insurance Company Regulatory Approval
IRDAI has approved the re-appointment of Ms. Vibha Padalkar as MD & CEO and Mr. Niraj Shah as Executive Director & CFO of HDFC Life.