HDFCLIFE HDFC Life Insurance Company Q4 FY26 results (Jan–Mar 2026) and concall
HDFC Life reported a mixed Q4 and FY26, with strong growth in retail protection (43%) and agency channels, contributing to a 7% YoY individual APE growth. However, VNB growth was modest at 2%, and NBM declined to 24.2% due to GST and surrender value regulation impacts. The company is focusing on granular market penetration, product innovation like AGNI, and maintaining pricing discipline, while also bolstering its solvency with a planned INR 1,000 crore capital raise.
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What they filed
Q4 FY26: revenue down 18.2%, net profit up 4.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 17,235 | 24,111 | 29,381 | 20,548 | 29,312 +70% | 19,727 −18% |
| EBITDA | 460 | 401 | 460 | 341 | 302 −34% | 150 −63% |
| Net profit | 415 | 477 | 546 | 447 | 421 +1% | 496 +4% |
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.
