|
08 Apr 2025 |
HDFC Life Insurance
|
Consensus Share Price Target
|
685.75 |
778.74 |
- |
13.56 |
buy
|
|
|
|
|
19 Apr 2024
|
HDFC Life Insurance
|
Emkay
|
685.75
|
725.00
|
601.55
(14.00%)
|
Target met |
Buy
|
|
|
Following a bumper FY23 in terms of APE growth and VNB margin on account of taxation changes, HDFCLIFE reported muted performance in FY24 with a largely flat APE at Rs 132.9bn and VNB declining 4.7% YoY to Rs35.0bn due to 130bps YoY VNB margin contraction to 26.3%.
|
|
19 Apr 2024
|
HDFC Life Insurance
|
Motilal Oswal
|
685.75
|
670.00
|
601.55
(14.00%)
|
Target met |
Neutral
|
|
|
|
|
19 Apr 2024
|
HDFC Life Insurance
|
Emkay
|
685.75
|
725.00
|
601.55
(14.00%)
|
Target met |
Buy
|
|
|
|
|
19 Apr 2024
|
HDFC Life Insurance
|
ICICI Direct
|
685.75
|
700.00
|
601.55
(14.00%)
|
Target met |
Buy
|
|
|
The Gross Written Premium (GWP) for Q4FY24 stood at INR 209,376 Mn, up 34.9% QoQ. However, GWP was 7.0% lower than our estimates due to lower-than-expected renewal premium growth.
|
|
18 Apr 2024
|
HDFC Life Insurance
|
BOB Capital Markets Ltd.
|
685.75
|
775.00
|
605.65
(13.23%)
|
13.01 |
Buy
|
|
|
HDFC Life's APE growth muted in FY24 despite traction in Tier-2/-3 cities; cut our estimates by 8% each for FY25/FY26
|
|
18 Apr 2024
|
HDFC Life Insurance
|
Sharekhan
|
685.75
|
750.00
|
601.55
(14.00%)
|
Target met |
Buy
|
|
|
|
|
18 Apr 2024
|
HDFC Life Insurance
|
Sharekhan
|
685.75
|
750.00
|
605.65
(13.23%)
|
Target met |
Buy
|
|
|
HDFC Life reported an ~8% y-o-y decline in APE growth in Q4 on reported basis while adjusted for one off in the base period, it grew by 14% y-o-y. For FY24, APE growth was flat. Value of new business (VNB) fell by ~18% y-o-y/ 5% y-o-y in Q4FY24/ FY24.
|
|
18 Apr 2024
|
HDFC Life Insurance
|
Motilal Oswal
|
685.75
|
670.00
|
605.65
(13.23%)
|
Target met |
Neutral
|
|
|
HDFC Life Insurance (HDFCLIFE) in 4QFY24 reported lower-than-expected margins at 26.1% with total APE at INR47.3b (broadly in line with estimates).
|
|
16 Jan 2024
|
HDFC Life Insurance
|
KRChoksey
|
685.75
|
745.00
|
611.25
(12.19%)
|
Target met |
Buy
|
|
|
Gross Written Premium (GWP) for HDFCLIFE reported a modest growth of 6.5% YoY/3.9% QoQ at INR 155,259 Mn in Q3FY24. The New Business Premium (NBP) saw a de-growth of 3.4% YoY while remaining flat sequentially at INR 71,297 Mn.
|
|
16 Jan 2024
|
HDFC Life Insurance
|
KRChoksey
|
685.75
|
745.00
|
606.60
(13.05%)
|
Target met |
Buy
|
|
|
Gross Written Premium (GWP) for HDFCLIFE reported a modest growth of 6.5% YoY/3.9% QoQ at INR 155,259 Mn in Q3FY24. The New Business Premium (NBP) saw a de-growth of 3.4% YoY while remaining flat sequentially at INR 71,297 Mn.
|