HDFC Life’s Profit in June Quarter Up by 14.4%
By Ankur Chandra | Published at: Jul 15, 2025 05:28 PM IST
Mumbai, July 15, 2025 -HDFC Life Insurance Company Ltd (NSE: HDFCLIFE, BSE: 540777) posted a 14.4% year-on-year (YoY) rise in consolidated net profit to ₹546.5 crore for the quarter ended June 30, 2025 (Q1 FY26), compared to ₹477.6 crore in the same period last year. Consistent premium inflows and improvement in investment income supported growth in profitability. Consolidated revenue for the quarter climbed 9.7% YoY to ₹2,963.5 crore.
Key Consolidated Financial Highlights (₹ in crore)
| Particulars | Q1FY26 (Jun ’25) | Q4FY25 (Mar ’25) | Q1FY25 (Jun ’24) | FY25 (Audited) |
|---|---|---|---|---|
| Total Premium Income | 14,88.7 | 24,04.4 | 12,81.5 | 71,07.5 |
| Net Premium Income | 23,84.3 | 14,53.9 | 12,54.8 | 69,83.7 |
| Net Investment Income | 1,899 | 14,60.2 | 14,12.7 | 25,95.5 |
| Total Revenue | 2,963.5 | 2,427.0 | 2,702.1 | 9,729.3 |
| Net Profit (PAT) | 546.5 | 475.4 | 478.9 | 1,810.8 |
| EPS (Basic/Diluted) (₹) | 2.55 / 2.54 | 2.21 / 2.21 | 2.23 / 2.23 | 8.41 / 8.41 |
Note: EPS not annualised for the quarter. Revenue includes premium, investment, and other income.
Segment-Wise Surplus (₹ in crore)
| Segment | Q1FY26 | Q1FY25 |
|---|---|---|
| Non-Participating Life (Individual & Group) | 298.4 | 57.3 |
| Participating Life (Individual & Group) | 103.9 | 315.9 |
| Unit Linked – Individual Life | (208.4) | 104.7 |
| Annuity (Non-Par) | 19.3 | 24.6 |
| Reinsurance | 4.9 | (2.6) |
| Shareholders | 241.5 | 218.7 |
Key Operational Ratios
| Metric | Q1FY26 | Q1FY25 |
|---|---|---|
| Solvency Ratio | 192% | 186% |
| Expenses of Management Ratio | 21.9% | 21.4% |
| Persistency Ratio (13th Month) | 82.7% | 87.3% |
| Yield on Investments (With Unrealised Gains) – Linked | 9.5% | 10.2% |
Dividend and Capital Update
- The Board had earlier recommended a final dividend of ₹2.10 per share for FY25, subject to approval in the AGM scheduled for July 16, 2025.
- During Q1FY26, the company allotted 17,05,639 equity shares under its ESOP scheme.
- Total assets stood at ₹3.59 lakh crore as of June 30, 2025.
Regulatory and Legal Update
HDFC Life filed state-wise appeals against GST demand orders totaling ₹1,041.3 crore, contesting the disputed input tax credit. The company deposited ₹256 crore under protest and has sought a refund of ₹231.8 crore.
Management Commentary
Vibha Padalkar, MD & CEO, stated:
“Our performance in Q1FY26 demonstrates resilience across our product lines. While equity-linked portfolios saw some volatility, our non-par and annuity segments delivered strong contributions. Persistency ratios are healthy, and we continue to focus on improving operating efficiency.”
Corporate Governance Update
- Narendra Gangan will cease to serve as Company Secretary w.e.f. July 16, 2025, to comply with IRDAI’s guidelines on segregation of compliance and secretarial roles.
- Nagesh Pai, currently Senior VP (Secretarial & Compliance), will assume the role of Company Secretary and Compliance Officer from July 17, 2025.
About the Company
HDFC Life Insurance Company Limited is one of India’s leading private life insurers, listed on both NSE and BSE. The company offers a range of individual and group insurance solutions across protection, pension, savings, investment, annuity, and health.
REF: https://nsearchives.nseindia.com/corporate/PRASAD_15072025154653_Outcome_of_Board_Meeting__002_.pdf
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