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HDFC Life Insurance Revenue History — Quarter by Quarter

HDFC Life Insurance's revenue moved from ₹20,651 Cr in Q2 FY26 to ₹19,890 Cr in Q4 FY26, a -3.7% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹19,890 Cr—
Q3 FY26₹29,428 Cr—
Q2 FY26₹20,651 Cr—

What management said about revenue

G

Q4 FY26 · 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.

G

Q4 FY26 · 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.

G

Q3 FY26 · Double VNB every 4-4.5 years

Aspiration to double value of new business every 4 to 4.5 years remains intact despite regulatory changes.

G

Q2 FY26 · Normalized VNB growth in FY27

Expect restoration of more normalized VNB growth in FY27, led primarily by topline expansion.