Latest news with #VibhaPadalkar
Business Standard
3 days ago
- Business
- Business Standard
HDFC Life rises as Q1 PAT climbs 14% YoY to Rs 546 cr
HDFC Life Insurance Company rose 1.56% to Rs 768.80 after the company's standalone net profit jumped 14.40% to Rs 546.46 crore on 15.63% increase in net premium income to Rs 14,466.09 crore in Q1 FY26 over Q1 FY25. Net income from investments added 3.33% to Rs 14,594.99 crore in Q1 FY26 as compared to Rs 14,124.41 crore posted in same quarter last year. Profit before tax (PBT) stood at Rs 560.65 crore in the June 2025 quarter, registering a growth of 12.69% on YoY basis. Assets under management (AUM) jumped 15% YoY to Rs 3,558.97 crore as on 30 June 2025. The value of new business (VNB) for Q1 FY26 stood at Rs 809 crore, a growth of 12.7% YoY and a 2-year CAGR of 15% with new business margins improving to 25.1%. The company's Indian embedded value (IEV) increased 17.6% YoY to Rs 58,355 crore, with an operating RoEV of 16.3% on a rolling 12-month basis The companys individual annualized premium equivalent (APE) grew by 12.5% year-on-year to Rs 3,225 crore, resulting in a strong 2-year CAGR of 21%. The life insurer's solvency ratio stood at 192%, comfortably above the regulatory threshold of 150% in Q1 FY26. The company outperformed both the overall industry and the private sector, achieving a 70 bps increase in our overall market share to 12.1%, marking a new milestone. Within the private sector, our market share grew by 40 bps, reaching 17.5%. Vibha Padalkar, managing director and CEO of HDFC Life, commented, Q1 FY26 began on a strong note, with healthy growth across topline, value of new business and steady margins. Individual Annualized Premium Equivalent (APE) grew by 12.5% year-on-year, translating into a robust 2-year CAGR of 21%. We outperformed both the overall industry and the private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%. Moreover, over 70% of new customers acquired in Q1 were first-time buyers with HDFC Life, underscoring our customer acquisition strength and deepening presence across Tier 1, 2, and 3 markets. Contrary to initial expectations, demand for ULIPs remained strong, supported by sustained strength in equity markets. However, our ULIP mix remains lower than the industry and broadly range-bound. We anticipate a gradual shift, rather than a sharp swing in favour of traditional products over the course of the year. Retail protection continued to grow faster than the company average, delivering a robust growth of 19% on a YoY basis and a strong 2-year CAGR of 23%. Retail sum assured grew in double digits and registered a 30% CAGR over two years. We maintained our leadership position in overall sum assured, reinforcing our position as a market leader in protection. We are also pleased to share that MSCI has upgraded our ESG rating from A to AA, placing us amongst the highest rated insurers in India and the region. While the external environment remains dynamic, our fundamentals have held strong; anchored in a balanced product mix, a diversified distribution footprint and a consistent focus on innovation, customer centricity and disciplined execution. Our aspiration is to continue to outpace industry growth whilst sustaining our position as a market leader amongst the top 3 in India. HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as protection, pension, savings, investment, annuity and health.
Economic Times
3 days ago
- Business
- Economic Times
HDFC Life shares in focus after Q1 profit jumps 14% YoY to Rs 546 crore; net premium income up 16%
The net premium income fell sharply by 39% when compared to the Rs 23,766 crore achieved in the January-March quarter of FY25. Synopsis HDFC Life Insurance Company reported a 14% YoY jump in Q1 FY26 profit to Rs 546 crore and a 16% rise in net premium income. Strong gains in market share, persistency, and new business value reflect solid operational momentum despite a sequential dip in topline. HDFC Life Insurance Company shares are in focus today after the firm reported a 14% year-on-year (YoY) growth in its standalone net profit at Rs 546 crore for the first quarter of fiscal year 2026 (Q1 FY26). This compares to Rs 478 crore posted in the year-ago period. ADVERTISEMENT The company's net premium income rose 16% to Rs 14,466 crore versus Rs 12,510 crore recorded in the same quarter last year. On a sequential basis, profit after tax (PAT) was 15% higher than the Rs 477 crore reported in Q4 FY25. However, it's notable that the net premium income fell sharply by 39% when compared to the Rs 23,766 crore achieved in the January-March quarter of FY25. - Topline Growth: Individual Annualised Premium Equivalent (APE) grew by 12.5% YoY, translating into a robust 2-year CAGR of 21%.- Market Share: The company outperformed the overall industry and private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%, the exchange filing said. ADVERTISEMENT - Value of New Business (VNB) for Q1 FY26 stood at Rs 809 crore, a growth of 12.7% YoY and a 2-year CAGR of 15% with new business margins improving to 25.1%. - Assets under Management (AUM) stood at Rs 3,55,897 lakh crore as on June 30, 2025, an increase of 15% YoY. ADVERTISEMENT - Persistency: Persistency metrics remained healthy, with 13th and 61st month persistency at 86% and 64% respectively. 61st month persistency improved across cohorts, supported by stronger retention in long-term savings products.- Embedded Value (EV) increased to Rs 58,355 crore, with an operating RoEV of 16.3% on a rolling 12-month basis. ADVERTISEMENT Commenting on the company's Q1 earnings, Vibha Padalkar, Managing Director and CEO of HDFC Life, said that the first quarter began on a strong note, with healthy growth across topline, value of new business, and steady margins."We outperformed both the overall industry and the private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%. Moreover, over 70% of new customers acquired in Q1 were first-time buyers with HDFC Life, underscoring our customer acquisition strength and deepening presence across Tier 1, 2, and 3 markets," she said. ADVERTISEMENT Also read: Hero MotoCorp among 6 stocks with White Marubozu Pattern on July 15 "While the external environment remains dynamic, our fundamentals have held strong, anchored in a balanced product mix, a diversified distribution footprint, and a consistent focus on innovation, customer centricity and disciplined execution. Our aspiration is to continue to outpace industry growth whilst sustaining our position as a market leader amongst the top 3 in India,' she further added. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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Time of India
3 days ago
- Business
- Time of India
HDFC Life shares in focus after Q1 profit jumps 14% YoY to Rs 546 crore; net premium income up 16%
HDFC Life Insurance Company shares are in focus today after the firm reported a 14% year-on-year (YoY) growth in its standalone net profit at Rs 546 crore for the first quarter of fiscal year 2026 (Q1 FY26). This compares to Rs 478 crore posted in the year-ago period. The company's net premium income rose 16% to Rs 14,466 crore versus Rs 12,510 crore recorded in the same quarter last year. On a sequential basis, profit after tax (PAT) was 15% higher than the Rs 477 crore reported in Q4 FY25. However, it's notable that the net premium income fell sharply by 39% when compared to the Rs 23,766 crore achieved in the January-March quarter of FY25. Key Performance Highlights: - Topline Growth: Individual Annualised Premium Equivalent (APE) grew by 12.5% YoY, translating into a robust 2-year CAGR of 21%. Live Events - Market Share: The company outperformed the overall industry and private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%, the exchange filing said. - Value of New Business (VNB) for Q1 FY26 stood at Rs 809 crore, a growth of 12.7% YoY and a 2-year CAGR of 15% with new business margins improving to 25.1%. - Assets under Management (AUM) stood at Rs 3,55,897 lakh crore as on June 30, 2025, an increase of 15% YoY. - Persistency: Persistency metrics remained healthy, with 13th and 61st month persistency at 86% and 64% respectively. 61st month persistency improved across cohorts, supported by stronger retention in long-term savings products. - Embedded Value (EV) increased to Rs 58,355 crore, with an operating RoEV of 16.3% on a rolling 12-month basis. Management Commentary Commenting on the company's Q1 earnings, Vibha Padalkar, Managing Director and CEO of HDFC Life, said that the first quarter began on a strong note, with healthy growth across topline, value of new business, and steady margins. "We outperformed both the overall industry and the private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%. Moreover, over 70% of new customers acquired in Q1 were first-time buyers with HDFC Life, underscoring our customer acquisition strength and deepening presence across Tier 1, 2, and 3 markets," she said. Also read: Hero MotoCorp among 6 stocks with White Marubozu Pattern on July 15 "While the external environment remains dynamic, our fundamentals have held strong, anchored in a balanced product mix, a diversified distribution footprint, and a consistent focus on innovation, customer centricity and disciplined execution. Our aspiration is to continue to outpace industry growth whilst sustaining our position as a market leader amongst the top 3 in India,' she further added. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
New Indian Express
4 days ago
- Business
- New Indian Express
HDFC Life net profit jumps 14% to Rs 546 crore on investment gains
MUMBAI: HDFC Life has reported a 14% on-year jump in net profit at Rs 546 crore for the June quarter on higher margins which could offset the lower than expected premium collection in terms of annual premium equivalent (APE) which came in at Rs 3,225 crore. Another big boost came in from the massive spike in investment income for policyholders which printed in Rs 1,459 crore compared to just Rs 1.8 crore in the previous quarter (Q4FY25). Gross premium income for the quarter stood at Rs 1,487 crore of which first-year premia came in at Rs 760 crore, and Rs 472 crore from renewals of single premia, taking the total gross premium to over Rs 2,680 crore. Net premium income rose to Rs 1,446 crore. However, individual APE grew 12.5 and the retail APE came in at Rs 2,777 crore while the key business metric value of new business (VNB) stood at Rs 809 crore, up 12.7% and new business margin improved to 25.1%. Vibha Padalkar, the managing director, said Q1 began on a strong note, with healthy growth across topline, value of new business and steady margins. Individual APE grew by 12.5% on-year, translating into a robust two-year annualised growth of 21%. She said the company outperformed both the overall industry and the private sector, resulting in a 70 bps increase in market share at the overall level to 12.1%, a new milestone for it.
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Business Standard
4 days ago
- Business
- Business Standard
HDFC Life Q1 results: Profit jumps 14% to ₹546 crore, AUM up 15%
HDFC Life Insurance Company on Tuesday reported a 14.4 per cent year-on-year (Y-o-Y) increase in net profit to ₹546 crore for the quarter ended June 2025 (Q1 FY26), up from ₹478 crore in the corresponding period last year. Total premium income for the quarter stood at ₹14,875 crore, registering a 16.1 per cent rise from ₹12,811 crore in Q1 FY25. The growth was led by an 18.6 per cent increase in renewal premiums and a 13.6 per cent rise in new business premiums. HDFC Life's Assets under management grew 15 per cent year-on-year to ₹3.56 trillion. Vibha Padalkar, Managing Director and CEO of HDFC Life, said, 'Q1 FY26 began on a strong note, with healthy growth across topline, value of new business and steady margins. We outperformed both the overall industry and the private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1 per cent, a new milestone for us.' Shares of HDFC Life closed at ₹757 apiece on the BSE on Tuesday.
