HLHDFC Life Insurance Company540777Quarterly results

Board approves results, in-principle NCD raise of up to ₹ 500 crore and GIFT IFSC insurance office

HDFC Life's Board met on October 15, 2026 and approved unaudited standalone results for the quarter and half-year ended September 30, 2026.

By ScoutQuest · Thu 15 Oct 2026, 4:01 PM IST · 3 min read

Gross premium income (Q2, ₹ in Lakh)

2,172,737

Profit after tax (Q2, ₹ in Lakh)

50,800

Solvency ratio as at Sep 30, 2026

180%

The Board of HDFC Life met on October 15, 2026 and approved three items: the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, an in-principle approval for raising funds through non-convertible debentures, and the establishment of an IFSC Insurance Office at GIFT IFSC.

Results for the quarter and half-year ended September 30, 2026

• The Board approved the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, which have been subject to limited review.
• The joint statutory auditors, M/s BSR & Co. LLP and M/s KKC & Associates LLP, state in their limited review conclusion that nothing has come to their attention that causes them to believe the accompanying statement contains any material misstatement.
• A limited review is lighter than a full audit: it relies mainly on inquiries of company personnel and analytical procedures and provides moderate, not high, assurance. The auditors state they have not performed an audit and do not express an audit opinion.

Standalone numbers, exactly as printed in the statement (₹ in Lakh)

• Gross premium income for the quarter ended September 30, 2026 was 2,172,737, against 1,877,731 for the quarter ended September 30, 2025.
• Profit before tax for the quarter was 52,338 and Profit after tax for the quarter was 50,800, against 44,715 for the quarter ended September 30, 2025.
• Profit after tax for the six months ended September 30, 2026 was 111,942, against 99,361 for the six months ended September 30, 2025.
• Basic and diluted earnings per share for the quarter was 2.34 (face value ₹ 10 per share).
• Solvency ratio as at September 30, 2026 was 180%, against 175% as at September 30, 2025 and 177% as at March 31, 2026.
• Net commission for the quarter was 268,508.

Fund raising through NCDs

• The Board gave in-principle approval for fund raising through the issuance of NCDs in the nature of subordinated debt instruments up to ₹ 500 crore (Rupees five hundred crore only), in one or more tranches, on a private placement basis.
• The wording is "in-principle approval" for the fund raising; the debentures are described as subordinated debt instruments and the route as private placement.

IFSC Insurance Office at GIFT IFSC

• The Board approved the establishment of an IFSC Insurance Office ("IIO") of the Company at Gujarat International Finance Tec-City ("GIFT") IFSC, which the update says will enable the Company to leverage the opportunities available within the IFSC ecosystem.
• The establishment is subject to approvals from the Insurance Regulatory and Development Authority of India (IRDAI), the IFSC Authority, and the shareholders.
• Shareholder approval will be sought through a postal ballot process, with the notice of postal ballot to be disseminated in due course.

What the update puts on record

• Three separate matters are covered in one board outcome: the reviewed results, a capital-raising enabling approval, and a new office in the IFSC ecosystem.
• The transactions are each at an approval stage described in the update: the NCD raise is an in-principle approval, and the IIO is subject to further approvals.

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