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HDFC Life Q1 Results Review: Motilal Oswal Maintains 'Buy' But Lowers Target Price — Here's Why
Motilal Oswal reiterates Buy with a target price of Rs 910 (based on 2.6x FY27E embedded value).
16 Jul 2025, 08:44 AM IST 
For Q1 FY26, HDFC Life reported 16% YoY growth in gross premium to Rs 148.8 billion (in line), driven by 19%/17% YoY growth in renewal/single premium. (Photo source: Company website)
HDFC Life Insurance reported APE of Rs 32.3 billion (in-line) in Q1 FY26, up 13% YoY, driven by 13%/12% YoY growth in individual/group APE. For Q1 FY26, HDFC Life reported a 14% YoY growth in shareholders’ PAT to Rs 5.5 billion, (11% beat), supported by a 15% increase in back-book profits.
