HDFC Life Q2 Preview: Shares of HDFC Life Insurance Company gained more than 2 per cent in early trade on Wednesday as the market looked ahead to the insurer’s September-quarter earnings. According to estimates by the Zee Business Research Team, the company is expected to post a steady performance backed by a healthy product mix and a broad-based distribution footprint.
HDFC Life FY26 Q2 preview
As per the Zee Business research team, gross premium income for the quarter is estimated at around Rs 19,150 crore, up 13.1 per cent from a year ago. Profit after tax is likely to come in at Rs 480 crore, an increase of 9.7 per cent.
The insurer’s new business annualised premium equivalent (APE) may rise to Rs 4,270 crore, a 10.6 per cent year-on-year growth. The value of new business (VNB) margin is projected to hold steady at 24 per cent, only marginally lower than the previous year, with the impact of GST input credit adjustments partly weighing on margins.
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Analysts at Zee Business expect that the company’s diversified product range and focus on non-participating and protection plans will help sustain growth momentum. HDFC Life is also expanding presence in tier-II and tier-III markets, along with group insurance offerings. Contributions from the bankassurance channel, are also expected to support topline growth.
Investor focus
Market participants will be watching APE growth and VNB trends closely, along with the company’s progress in the non-linked segment. For long-term investors, the focus will remain on the way HDFC Life will manage profitability while broadening its reach and product depth across key markets.
