India's HDFC Life slips as earnings from new policies fall in Q4

HDFC Life Insurance

17/04/2026 05:11

** Shares of HDFC Life Insurance Company HDFL.NS fall 3.5% to 609.35 rupees

** Co's 4Q net profit rises 4% y/y while value of new business, expected profit from new policies, falls 8.4% as loss of a tax benefit weighs

** Jefferies cuts FY27-28 VNB by 2%-3% led by lower annualised premium equivalent growth, which slowed in March due to Middle East war

** Adds, co sees rebound in FY27–28 on favorable base and agent productivity despite slower growth in market-linked plans

** Systematix says expected board approval for stake buy worth 10 billion rupees ($107.7 million) by parent will boost solvency by 900 bps

** Analysts have a "buy" rating on avg; median PT is 825 rupees - data compiled by LSEG

** YTD, HDFL down 19%

($1 = 92.8512 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))