HDFC Life Q3 Preview: PAT may grow 21% YoY, margins to decline
insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.
There are no other estimates on the company's third quarter profit and net premium income. However, the value of new business (VNB) growth is likely to be anywhere between 19-21% YoY during the quarter. Most estimates predict a decline in VNB margins on a YoY basis.
Investors will watch out for product mix, impact of change in surrender value regulations on the margins and any guidance on sales through bank channels.
In the recent second quarter, HDFC Life posted a 15% YoY increase in standalone net profit, reaching Rs 433 crore, while the net premium income during the July-September 2024 period grew 12% YoY to Rs 16,570 crore.
Here's what brokerages expect from HDFC Life:
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