Q1 Results Live: HDB Financial NII Up 18%; HDFC Life, ICICI Prudential Profit Grows

HDB Financial Services Q1 Highlights (YoY)

• Total income up 15% at Rs 4,465 crore versus Rs 3,884 crore.

• Profit down by 2.4% at Rs 568 crore versus Rs 582 crore.

• Net interest income up 18% at Rs 2,092 crore versus Rs 1,768 crore.

HCLTech narrowed its full-year revenue guidance and lowered its margin forecast for FY26 after reporting an 11% drop in first-quarter profit that missed analysts’ expectations.

The company now expects constant currency revenue growth of 3% to 5% year-on-year for the financial year ending March 2026, against its earlier projection of 2% to 5%, according to its notification to the exchanges. It expects its services revenue guidance at 3% to 5%.

Goldman Sachs raised its 12-month price target for Ola Electric to Rs 63, citing sequential improvement in volume and gross margin expectations. "We acknowledge management's efforts in trying to pivot the business towards positive Ebitda and FCF breakeven," the firm noted.

Kotak Securities also noted that the company has improved its profitability "significantly." Volume offtake remains below expectations given muted industry growth and increased competitive intensity, which remains an area of concern.

HDFC Life Insurance Co Q1 Highlights (Standalone, YoY)

• APE up 12.52% at Rs 3,225 crore versus Rs 2,866 crore.

• Value of new business up 12.7% at Rs 809 crore versus Rs 718 crore.

• VNB margin at 25.08% versus 26.53%.

HDFC Life Insurance Co Q1 Highlights (Standalone, YoY)

• Net Premium income up 15.64% at Rs 14,466 crore versus Rs 12,509 crore.

• PAT up by 14% at Rs 546 crore versus Rs 478 crore.

• Solvency ratio at 192% versus 186%.

• Persistency 13th month flat at 82.7% (QoQ)

• Persistency 61st month 61% versus 61.9% (QoQ)