HDFC Life Insurance
HDFC Life reported FY26 PAT of ₹1,910 crore and VNB of ₹4,340 crore (+2% YoY), with new business margins at 24.2% (down 140bps YoY) due to GST/surrender value impact (130bps), fixed cost absorption (90bps), and assump...
HDFC Life Insurance vs LIC Housing Finance Q4 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
LIC Housing Finance
LIC Housing Finance reported Q4 FY26 revenue from operations of ₹7,194 crore, down ~1.2% YoY, while PAT grew 9.46% YoY to ₹1,497 crore, aided by lower credit costs (2 bps in Q4) and improved NIM of 2.80% (up 11 bps QoQ).
Result Snapshot
Revenue₹19,890 Cr₹7,194 Cr
PAT₹497 Cr₹1,497 Cr
EBITDA Margin1%—
Sentimentneutralneutral
Key Quotes
We have maintained pricing discipline in this segment and while this has had a near-term impact on volumes, it positions us better from a long-term value and margin standpoint.
Given a choice between protecting margins and going for growth, I would prefer to protect my margins than really go hell for growth.