HDFC Life’s Q2 FY25 results showed a 14.9% increase in standalone net profit to ₹433 crore and a 26.7% rise in annualised premium equivalent (APE). However, the value of new business (VNB) declined by 2.1%. The stock saw a modest 0.26% increase, trading at ₹742.5 before the results.
HDFC Life Q2 Results LIVE UPDATES:
At 3:34 pm: HDFC Life Insurance Company shares closed 3.5% down at ₹714 each on the NSE following the release of its July-September quarter results.
At 03:15 PM: HDFC Life reported in an exchange filing that its assets under management (AUM) reached ₹3.25 lakh crore as of September 30, 2024, marking a 23% increase in H1 FY25.
At 03:11 PM: Management Commentary
Vibha Padalkar, MD and CEO of HDFC Life, stated that the private sector and overall industry sustained strong momentum in Q2, with growth of 24% and 21% respectively in H1 FY25, based on individual weighted received premiums. HDFC Life outperformed the private sector, achieving 28% growth during this period and 19% on a two-year CAGR basis. The number of policies rose by 22%, surpassing the private sector’s 13% growth, with growth seen across Tier 1, Tier 2, and Tier 3 areas.
Over 40 top products contributing 95% of the business were successfully relaunched under revised regulations as of October 1, 2024. More product relaunches are planned for this quarter.
HDFC Life’s S&P Global ESG score improved by over 20% from last year, and its MSCI ESG Rating was upgraded to ‘A’.
The company remains focused on sustainable growth, leadership across segments, and customer-centric innovations to adapt to market changes and deliver long-term value.
At 03:07 PM: The value of new business (VNB) decreased by 2.1% year-on-year to ₹938 crore.
At 03:01 PM: The annualised premium equivalent (APE) for the quarter was ₹3,858 crore, a 26.7% rise from ₹3,045 crore in Q2 FY24.
At 03:00 PM: The new business premium (NBP) for July-September 2024 was ₹8,097 crore, reflecting a 14% increase from ₹7,101 crore in the same period last year.
At 2:52 PM: HDFC Life Insurance Company Ltd has reported a 14.9% growth in standalone net profit, reaching ₹432.99 crore in Q2 of the current fiscal year, compared to ₹376.79 crore in Q2 FY24.
At 2:12 PM: The Board of Directors includes:
- Keki M Mistry, Non-Executive Director, Chairman
- Kaizad Bharucha, Non-Executive Director, Nominee of HDFC Bank
- Sumit Bose, Independent Director
- Ketan Dalal, Independent Director
- Bharti Gupta Ramola, Independent Director
- Bhaskar Ghosh, Independent Director
- Venkatraman Srinivasan, Independent Director
- Subodh Kumar Jaiswal, Independent Director
- Vibha Padalkar, MD and CEO, HDFC Life
- Niraj Shah, Executive Director and Chief Financial Officer
At 01:35 PM: HDFC Life Insurance Company Ltd market capitalization stands at ₹1,59,748.62 crore.
At 12:22 PM: The current stock price is ₹742.5, reflecting a modest increase of 0.26% from the previous close of ₹740.6. The stock opened at ₹742.8, reached a high of ₹745, and dipped to a low of ₹735.8 earlier in the trading session.
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At 11:46 AM: Shares of HDFC Life are trading 0.3% higher at ₹743.35 on the National Stock Exchange, ahead of the company’s earnings announcement.
HDFC Life Q2 Results LIVE: HDFC Life Insurance Company Ltd, a leading private life insurer in India, is scheduled to announce its financial results for the second quarter of FY25 on Tuesday, October 15.
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In Q1 FY25, the company reported a net profit increase of 15% YoY, reaching ₹479 crore. Additionally, the value of new business (VNB) rose 18% YoY to ₹718 crore, serving as an indicator of the anticipated profitability of newly sold policies during that quarter.
