HDFC Life Results: HDFC Life Q2 Results (2021-22) Date, Earnings, News & More

HDFC Life Results: HDFC Life Q2 Results (2021-22) Date, Earnings, News & More

Last updated: 24 Oct, 2021 | 01:34 pm

HDFC Life Results: HDFC Life Q2 Results (2021-22) Date, Earnings, News & More

Profits marginally up, miss estimates - HDFC Life quarterly results reported a 2% increase sequentially in its Net Profit for July to September quarter. The net profit reported was Rs 275.9 crore. It reported Rs 328 crore profit a year ago in the same period. The fall in profit was on the back of higher than expected Covid-19 claims.

Increase in total premium received YoY - The total premium received for the July-Sep quarter increased by 52% to Rs 11,445.5 crore. On a yearly basis, premiums increased by 10%, it was Rs 10,056.71 crore in the year-ago period.  

New and Renewal Business - New business margin (NBM) expanded by 130 bps to 26.4% for the first half of the current fiscal, higher than 25.1% a year ago. The company saw growth in the new business premium because of a healthy uptick in an annuity or participating insurance policies. Renewal premium contributed around 44%.

Revenue and Margins Rise - HDFC Life’s revenues rose 52% sequentially to Rs 20,478.5 crore in Q2FY22. Analysts had earlier estimated revenue of Rs 10,585.5 crore. Operating income rose 1% sequentially but was 20% lower than analyst estimates. Ebitda margin was at 1.4% against 1.9% in the previous quarter. Analysts earlier estimated an EBITDA margin of 3.2%.

Solvency Ratio - It measures the extent to which assets cover commitments for future liabilities. It stood at 190% in Q2FY22 against 203% in Q1FY22.

Covid Claims - HDFC Life incurred net Covid claims worth Rs 2,466 in the H1FY22 against the anticipated Rs 1,690 crore. The excess amount of Rs 776 crore was paid out of reserves which at the end of the September quarter stood at 204 crore. In the second quarter of FY22, the company incurred Rs 1,510 crore on net claims against Rs 956 crore claims in the first quarter. The company believes the reserves should be sufficient to meet any future claims barring the impact of the third wave.

HDFC Life Q2 results review:

HDFC Life has reported a mixed set of numbers for the quarter ended September. While the topline growth was strong the bottomline failed to meet street estimates. The fall in profit was on the back of higher than expected Covid-19 claims. The business performance remains strong with 22% growth and private market share of 16.2% in terms of individual WRP in the first half of FY22. Shares of HDFC Life were trading at Rs 684.80 apiece on BSE, down 1.45% from the previous close.

We are a SEBI registered investement advisor
Mutual Funds watchlist
aditya birla sun life flexi cap fund growth direct plan|ABSL low duration fund direct growth|axis bluechip fund direct growth|axis capital builder fund series 4|axis balanced advantage fund direct growth|axis equity saver fund direct growth|axis multicap fund direct growth|axis global innovation fund of fund direct growth|axis long term equity fund growth NAV|axis quant fund direct growth|axis small cap fund direct growth|axis value fund direct growth|baroda dynamic equity fund direct growth|BOI AXA bluechip fund|canara robeco flexi cap fund direct growth|canara robeco small cap fund direct growth|canara robeco value fund direct growth|DSP quant fund direct|franklin india smaller companies fund direct growth|HDFC arbitrage fund direct growth|HDFC balanced advantage fund direct growth|HDFC developed world index fund NAV|HDFC flexi cap fund direct growth|HDFC housing opportunities fund direct growth|HDFC hybrid equity fund direct growth|HDFC nifty 50 index fund|HDFC index fund sensex plan|HDFC mid cap opportunities direct plan growth|HDFC multi asset fund direct growth|HDFC small cap fund direct growth|HDFC top 100 fund direct growth|HSBC midcap fund direct growth|ICICI prudential balanced advantage fund|ICICI bluechip fund direct growth NAV|ICICI prudential commodities fund direct plan growth|ICICI nasdaq 100 fund direct growth|ICICI nifty next 50 index fund direct growth|ICICI small cap fund direct growth|ICICI prudential technology direct plan growth calculator|ICICI ultra short term fund direct growth|IDBI india top 100 equity fund direct growth|IDBI small cap fund direct growth|idfc us equity fund of fund direct growth|kotak short term fund direct growth|kotak emerging equity fund direct growth|kotak multicap fund direct growth|kotak global innovation fund of fund NAV|kotak gold fund direct growth|kotak savings fund direct growth|kotak small cap fund direct growth|L&T emerging businesses fund direct growth|mirae asset large cap fund direct growth|mirae asset midcap fund|motilal oswal nasdaq 100 fund of fund|navi nifty 50 index fund direct growth|nippon india banking and financial services fund direct growth|nippon banking fund direct|nippon india flexi cap fund NAV|nippon india large cap fund direct growth|nippon india pharma fund direct growth|nippon india small cap fund direct growth|PGIM small cap fund direct growth|quant flexi cap fund direct growth|quant infrastructure fund direct growth|quant tax plan direct plan growth|SBI bluechip fund direct growth|SBI corporate bond fund direct growth|SBI equity minimum variance fund direct growth|SBI flexi cap fund|SBI magnum children's benefit fund investment direct plan|SBI nifty index fund direct growth|SBI small cap fund direct growth|SBI technology opportunities fund direct growth|tata banking and financial services fund direct plan growth|tata business cycle fund|tata technology fund direct growth|tata equity pe fund direct growth|tata ethical fund direct growth NAV|tata focused fund direct growth|tata index fund nifty direct plan|tata india tax savings fund direct plan growth|UTI focused equity fund direct growth|UTI nifty index fund direct growth NAV|UTI nifty 50 index fund direct growth