HDFC Life Insur. Q1 FY27 Share Price & Earnings Call Analysis

Financials of HDFC Life Insur.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of HDFC Life Insur.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +20,85723,37123,14226,92728,04126,93428,49717,30024,19129,46320,65129,42819,890
Expenses +21,21523,04523,55726,66327,76626,62328,80716,85223,81429,02420,33629,15719,782
Operating Profit-358326-415264275311-310448377439315271108
OPM %-2%1%-2%1%1%1%-1%3%2%1%2%1%1%
Other Income +88211413610317490279-29124164157174428
Interest0000000000000
Depreciation0000000000000
Profit before tax525440-279367450401-30419500604471445537
Tax %31%5%-235%-0%8%-20%-1,541%-1%5%9%5%6%7%
Net Profit +362417378368412479435421475548448418497
EPS in Rs1.681.941.761.711.912.232.021.962.212.542.081.942.31

Financials of HDFC Life Insur.

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +27,21518,14130,64732,26038,85529,38071,52867,12670,207101,48292,92299,432
Expenses +26,34117,18729,67431,18637,64028,23970,29466,34870,127100,83691,89498,298
Operating Profit8749539721,0741,2151,1411,235778806461,0281,133
OPM %3%5%3%3%3%4%2%1%0%1%1%1%
Other Income +791081392821363694457661,437410366924
Interest-148911140000000
Depreciation434541444547515676791040
Profit before tax9241,0081,0611,3001,2911,4631,6291,4871,4419771,2902,057
Tax %15%19%16%15%1%11%16%11%5%-61%-40%7%
Net Profit +7868178871,1071,2781,2971,3611,3271,3681,5741,8111,912
EPS in Rs3.944.094.445.506.336.436.736.286.377.328.418.86
Dividend Payout %18%22%25%25%26%0%30%27%30%27%25%24%

Financials of HDFC Life Insur.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,9951,9951,9982,0122,0172,0192,0212,1132,1492,1512,1532,158
Reserves5461,1081,8282,6933,6254,7886,61913,50110,84412,51514,00215,592
Borrowings +0000006006009509502,9503,099
Other Liabilities +66,76773,44191,270105,778124,378125,417170,415214,521234,126287,071330,307369,654
Total Liabilities69,30976,54495,097110,483130,020132,224179,655230,734248,069302,687349,412390,502
Fixed Assets +3463353373363703225856,6059971,5492,143746
CWIP612165108142031281090
Investments67,02474,14491,723106,590124,958127,256173,564216,551238,197291,128334,756375,448
Other Assets +1,9322,0533,0203,5514,6824,6375,4937,5598,8449,98212,40414,308
Total Assets69,30976,54495,097110,483130,020132,224179,655230,734248,069302,687349,412390,502

Financials of HDFC Life Insur.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4,4595,6876,2306,7399,8687,3889,7035,9436,88310,72115,59722,625
Cash from Investing Activity +-3,514-3,962-5,177-4,421-10,182-7,789-8,952-801-10,071-13,622-13,633-23,871
Cash from Financing Activity +-168-212-236-196-33738678-2381,985-4031,607-275
Net Cash Flow7771,5138172,122-651-3641,4294,904-1,203-3,3043,572-1,521
Free Cash Flow4,3525,6546,1836,7069,8257,3519,6435,8876,79710,58715,30022,341
CFO/OP510%597%641%627%813%672%806%789%9,190%1,444%1,543%2,014%

Financials of HDFC Life Insur.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000020000000
Inventory Days
Days Payable
Cash Conversion Cycle000020000000
Working Capital Days-11-27-20-25-16-17-13-11-12-8-6-6
ROCE %41%36%31%31%23%24%20%12%10%5%7%10%

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What HDFC Life Insur.'s management said in earlier quarters

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