![[WATCH] IND vs NZ 2026: Virat Kohli playfully pushes Daryl Mitchell off the field after Indore ODI century](https://g-mob.glance-cdn.com/public/fc/image/znmwNIwrt490.webp)
What is the story about?
HDFC Life Insurance Company shares traded under pressure on Friday (January 16) following the announcement of quarterly results for October to December
period (Q3 FY26). HDFC Life shares opened lower at Rs 740.10 and made a low of Rs 718 on NSE, down 3.39 per cent versus the previous closing of Rs 743.20. Around 11:30 AM, HDFC Life shares traded1.18 per cent lower at Rs 734.40 with 55.79 lakh equities changing hands. HDFC Life shares are losing for the last three consecutive trading sessions and trading lower than all the key moving averages (5-day, 20-day 50-day, 100-day and 200-day).
HDFC Life Q3 Results
For the Q3 FY26, HDFC Life reported a consolidated profit after tax of Rs 418.2 crore, largely flat compared to Rs 421.3 crore in the year-ago period. The insurer's net premium income for the quarter rose to Rs 18,351 crore from Rs 16,832 crore in Q3 FY25, driven by growth across the first-year, renewal, and single-premium segments.
Total income surged to Rs 29,157.6 crore during the quarter, from Rs 16,979.3 crore a year earlier.
HDFC Life: Nuvama Retains BUY
Post quarterly results, Nuvama has maintained BUY rating on HDFC Life with an unchanged target price of Rs 910.
Nuvama said that HDFC Life's growth moderated in the December 2025 quarter but remained retail-led. It said that higher protection sales, rider attachments and longer-tenure products sported the business mix.
The margin pressure was partly offset by an improved product mix and higher-value policies. An increase in the share of individual product mix for retail protection and ULIP increased to 43.6 per cent and 8.6 per cent YoY on APE basis.
The management has indicated that GST-related margin drag is now expected to be lower than estimates. The company aims to fully neutralise the GST impact by end of Q4.
HDFC Life is a constituent of BSE 100 index. Its shares have underperformed the markets in the short-term. The counter has slipped 4 per cent in six months versus 1.5 per cent rise in BSE Sensex. The counter has gained 13 per cent in the last one year and 20 per cent in two years.
HDFC Bank, the country's largest private sector lender, is the promoter of HDFC Life Insurance Company which commands a market valuation of Rs 1.58 lakh crore, according to BSE data on Friday.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
