HDFC Life Insurance Company Limited Q2 FY26 earnings call summary

Earnings call of 15 Oct 2025, summarised by AI from the filing.

HDFC Life H1 FY26 PAT up 9% to ₹994 cr; GST impact on margins to be neutralized over next 2-3 quarters.

Key takeaways

1. Guidance Individual APE growth guided at early teens for FY26; VNB growth normalized in FY27.
2. GST impact Withdrawal of input tax credit caused 0.5% margin impact in H1, annualized gross impact of 3%.
3. Growth driver Retail protection grew 27% YoY, outpacing overall company growth.
4. Risk GST input tax credit withdrawal may cause short-term margin pressure.

Original filing on BSE

HDFC Life Insurance Company Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (15 Jul 2026)
• Q4 FY26: Earnings call (16 Apr 2026)
• Q3 FY26: Results deck (15 Jan 2026)
• Q2 FY26: Earnings call (15 Oct 2025), Results deck (15 Oct 2025)
• Q1 FY26: Earnings call (15 Jul 2025)
• Q4 FY25: Earnings call (17 Apr 2025)