HDFC Life Insurance Company shares were trading 0.16% higher at ₹741.80 as of 10:51 AM on October 15, 2024, ahead of the company’s anticipated Q2 FY25 earnings announcement. The stock gained ₹1.20 in early trading as investors await key financial updates.
HDFC Life Q2 Expectations:
Annual Premium Equivalent (APE): HDFC Life is expected to report a 17-26% YoY jump in APE for the quarter ending September 30, 2024, with estimates ranging between ₹3,550 crore and ₹3,834 crore.
Nuvama expects APE growth at 17% YoY, pegging it at ₹3,550 crore.
Motilal Oswal predicts a more optimistic figure, estimating APE at ₹3,834 crore.
Kotak anticipates APE at ₹3,684 crore, reflecting a 21% YoY growth.
Value of New Business (VNB): Estimates suggest VNB will be between ₹900 crore and ₹978 crore, showing 12-22% YoY growth. Sequentially, APE could increase by 24-34%, while VNB is expected to grow by 25-36%.
Nuvama estimates VNB at ₹900 crore.
Motilal Oswal expects VNB to reach ₹978 crore.
Kotak projects VNB at ₹932 crore, a 16% YoY increase.
VNB Margin:
VNB margin is expected to hover around 25%, slightly down by 100 bps YoY. Investors will be watching for product-level growth, particularly in the protection segment, and guidance on APE and VNB margins for FY25 and the medium term.
The stock movement reflects cautious optimism as investors await the official results and key updates on growth metrics from HDFC Life.
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