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

Ingredients in place for growth and margin delivery; reiterate BUY

Buy: HDFC Life Insurance Compan...

Target

Emkay

HDFCLIFE reported broadly in-line results for Q1FY25, with APE at Rs28.6bn
(+23% YoY), coming in 4% above our estimates and more than offsetting the
slight margin miss at 25% (Emkay est.: 25.6%), leading to a ~2% beat in VNB
at Rs7.18bn (Emkay: Rs7bn).