Name: Latest research reports of HDFC Life Insurance Company Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: HDFC Life Insurance Company Ltd.
Rating: 5
Author: Motilal Oswal

APE up 23% YoY, VNB margins 100bp below estimate

Buy: HDFC Life Insurance Compan...

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Motilal Oswal

HDFC Life Insurance (HDFCLIFE) in 1QFY25 reported lower-than-expected
VNB margins at 25% (est. 26%), with absolute VNB increasing 18% YoY to
INR7.2b (in line with estimate).