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HDFC Life Q4 Results Review: Motilal Oswal Hikes Target Price, Maintains 'Buy' Rating — Here's Why
Motilal Oswal estimates HDFC Life to deliver a 19% VNB CAGR over FY25-FY27E and margins to gradually trend higher going ahead.
18 Apr 2025, 02:39 PM IST 
HDFC Life expects traditional products to perform well, aided by lower interest rates and equity market uncertainty in FY26, adds the brokerage.(Photographer: Shubhayan Bhattacharya/NDTV Profit)
HDFC Life reported APE of Rs 51.9 billion (in line) in Q4 FY25, up 10% YoY, driven by 9%/13% YoY growth in individual/group APE. For FY25, APE grew 16% YoY to Rs 154.8 billion. VNB grew 12% YoY to Rs 13.8 billion (in line) in Q4 FY25, resulting in 13% YoY growth in FY25 VNB to Rs 39.6 billion.
