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HDFC Life Q1 Results Review - APE Up 23% YoY, New Business Margins 100 Bps Below Estimate: Motilal Oswal

The brokerage raises their APE growth estimates but lowered their VNB margin assumptions based on the Q1 performance and the guidance.

<div class="paragraphs"><p>Filling an application form. (Source: pexels /Andrea Piacquadio)</p></div>
Filling an application form. (Source: pexels /Andrea Piacquadio)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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