HDFCLIFE HDFC Life Insurance Company Q2 FY26 results (Jul–Sep 2025) and concall
HDFC Life delivered steady H1 FY26 performance with 10% APE growth and market share gains. The GST reform announced in September was a major theme - while the exemption boosts demand (50%+ protection growth in September), the loss of input tax credit creates ~300bps annualized margin headwind. Management is confident of neutralizing this over 2-3 quarters through distributor negotiations, product mix improvements, and operational adjustments.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 17,235 | 24,111 | 29,381 | 20,548 |
| EBITDA | 460 | 401 | 460 | 341 |
| Net profit | 415 | 477 | 546 | 447 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
