HDFC Life Q3 Profit Rises, VNB Margin Declines; Shares Under Scrutiny

• HDFC Life reported a year-on-year profit increase from Rs 415 crore to Rs 421 crore in Q3 FY25.
• Gross Premium Income grew to Rs 18,803 crore, up from Rs 17,275 crore, though below estimates.
• Annualised Premium Equivalent (APE) rose to Rs 3,974 crore, missing market estimates of Rs 4,065 crore.
• Value of New Business (VNB) increased to Rs 955 crore, but VNB margin declined from 26.1% to 24.03%.
• HDFC Life shares closed down 0.61% at Rs 743.90 on Wednesday, despite a 25.19% rise over the last year.

Why It Matters: HDFC Life saw profit growth but a dip in VNB margin and missed some market estimates in Q3 FY25.