GST impact to be neutralized by H1 FY27
Management expects the GST headwind on margins to taper off and be largely neutralized as the company moves into FY27.
HDFCLIFEINSURANCE / guidance tracker
Keep management guidance in view.
HDFC Life Insurance · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
margins
VNB growth to be in line with APE growth in FY27
Priority is to restore growth and deliver VNB growth at least in line with APE growth, with margin expansion secondary.
Target to outpace industry new business and VNB growth
Aspiration to grow faster than the industry in new business and VNB remains unchanged, though near-term guidance is not quantified.
Capital raise of ₹1,000 crore via preferential issue to HDFC Bank
Board approved raising up to ₹1,000 crore through preferential issue to parent HDFC Bank, adding ~900bps to solvency.