HDFC Life Q1FY27: VNB grows 9% to ₹879 Cr, PAT up 12% to ₹611 Cr
HDFC Life Insurance Company Ltd reported its financial results for the quarter ended June 30, 2026. The company's Value of New Business (VNB) grew by 9% year-on-year to ₹879 crore, with a New Business Margin of 25.0%. Profit After Tax (PAT) increased by 12% to ₹611 crore. Assets Under Management (AUM) crossed ₹5.7 lakh crore. The company highlighted strong growth in its protection business, with retail protection growing 42%. Management expressed confidence in sustained long-term growth, driven by India's underpenetrated life insurance market and the company's focus on protection-led products and professional distribution.
Key Highlights
- VNB grew 9% to ₹879 crore, with a 25.0% new business margin.
- PAT rose 12% to ₹611 crore, with underlying PAT growth of 17% excluding GST.
- Assets Under Management surpassed ₹5.7 lakh crore.
- Retail protection business saw robust 42% growth.
- Company aims for VNB growth in line with APE growth for FY27.
Price Impact
More from HDFCLIFE
HDFC Life Director Sumit Bose to Cease Post Tenure on July 18, 2026
HDFC Life: No Deviation in Preferential Issue Fund Utilisation for Q1 FY27
HDFC Life Q1: consolidated PAT ₹611 Cr, +11% YoY as premiums grow 15%; EOM ratio ticks up