HDFC ERGO Financial Results (in Lakhs)

Revenue Account Highlights (Period Ended 30.09.2026):

  • Premiums earned (Net): ₹365,655 (Previous Period: ₹338,509)
  • Profit/(Loss) on sale/redemption of Investments: ₹11,063 (Previous Period: ₹18,409)
  • Interest, Dividend & Rent - Gross: ₹75,907 (Previous Period: ₹75,599)
  • Other Income (Miscellaneous): ₹2,459 (Previous Period: ₹126)
  • Contribution towards Remuneration of MD/CEO/WTD/Other KMPs: ₹16 (Previous Period: ₹116)
  • Foreign exchange gain/(loss): ₹142 (Previous Period: ₹99)
  • Total (A) Revenue: ₹455,242 (Previous Period: ₹432,858)

Claims and Expenses:

  • Claims Incurred (Net): ₹325,624 (Previous Period: ₹313,141)
  • Commission: ₹(23,564) (Previous Period: ₹(10,570))
  • Operating Expenses related to Insurance Business: ₹119,540 (Previous Period: ₹96,540)
  • Total (B) Outgo: ₹421,600 (Previous Period: ₹399,111)

Operating Profit by Segment:

  • Fire Insurance: ₹9,097 (Previous Period: ₹8,513)
  • Marine Insurance: ₹(473) (Previous Period: ₹(640))
  • Miscellaneous Insurance: ₹25,018 (Previous Period: ₹25,874)
  • Total Operating Profit C = (A - B): ₹33,642 (Previous Period: ₹33,747)

Profit and Loss Account:

1. Operating Profit/(Loss): ₹33,642 (Fire: ₹9,097; Marine: ₹(473); Misc: ₹25,018)

2. Income from Investments:

  • Interest, Dividend & Rent – Gross: ₹19,230
  • Profit on sale/redemption of investments: ₹2,875
  • Loss on sale/redemption of investments: ₹(110)
  • Amortization of Premium/Discount: ₹(414)

3. Total (A) Income: ₹55,223 (Previous Period: ₹58,334)

4. Provisions (Other than taxation):

  • For diminution in value of investments: ₹(572) (Previous Period: ₹0)
  • For doubtful debts: ₹(2,358) (Previous Period: ₹32)

5. Other Expenses:

  • Bad debts written off: ₹1,145 (Previous Period: ₹0)
  • Interest on subordinated debt: ₹5,514 (Previous Period: ₹5,514)
  • Expenses towards CSR activities: ₹4,657 (Previous Period: ₹71,150)
  • Contribution towards Remuneration of MD/CEO/WTD/Other KMPs: ₹16 (Previous Period: ₹116)
  • Total (B) Other Expenses: ₹4,217 (Previous Period: ₹6,423)

6. Profit Before Tax: ₹51,006 (Previous Period: ₹51,911)

7. Provision for Taxation:

  • Current Tax: ₹12,243 (Previous Period: ₹12,662)
  • Deferred Tax: ₹304 (Previous Period: Not separately stated in provided data)

8. Net Profit for the Period: ₹38,459 (calculated) (Previous Period: ₹39,249 calculated)

Balance Sheet Position (As at 30.09.2026 in Lakhs):

  • Share Capital: ₹72,712 (Previous: ₹72,583)
  • Reserves and Surplus: ₹548,192 (Previous: ₹482,711)
  • Fair Value Change Account - Shareholders' Funds: ₹(3,027) (Previous: ₹2,289)
  • Fair Value Change Account - Policyholders' Funds: ₹(11,880) (Previous: ₹8,366)
  • Borrowings (Subordinated Debt): ₹140,000 (Previous: ₹140,000)
  • Total Sources of Funds: ₹745,997 (Previous: ₹705,949)

Investments:

  • Investments - Shareholders: ₹611,870 (Previous: ₹595,086)
  • Investments - Policyholders: ₹2,400,933 (Previous: ₹2,174,776)

Assets and Liabilities:

  • Fixed Assets: ₹50,471 (Previous: ₹55,674)
  • Deferred Tax Asset (Net): ₹2,153 (Previous: ₹2,545)
  • Cash and Bank Balances: ₹29,068 (Previous: ₹19,398)
  • Advances and Other Assets: ₹338,275 (Previous: ₹319,223)
  • Current Liabilities: ₹2,257,900 (Previous: ₹2,034,559)
  • Provisions: ₹428,873 (Previous: ₹426,194)
  • Net Current Assets/(Liabilities): ₹(2,319,430) (Previous: ₹(2,122,132))

Key Analytical Ratios:

  • Gross Direct Premium Growth Rate: 26.61% (Previous Period: -16.86%)
  • Net Retention Ratio: 40.32% (Previous: 41.90%)
  • Net Commission Ratio: -6.11% (Previous: -3.30%)
  • Expense of Management to Gross Direct Premium Ratio: 30.19% (Previous: 29.60%)
  • Net Incurred Claims to Net Earned Premium: 89.05% (Previous: 92.51%)
  • Combined Ratio: 113.96% (Previous: 119.31%)
  • Investment Income Ratio: 3.73% (Previous: 4.27%)
  • Operating Profit Ratio: 9.20% (Previous: 9.97%)
  • Return on Net Worth Ratio: 6.51% (Previous: 7.43%)
  • Available Solvency Margin Ratio to Required Solvency Margin Ratio: 2.11 (Previous: 2.10)
  • Gross NPA Ratio: 0.51% (Previous: 0.59%)
  • Net NPA Ratio: 0.00% (Previous: 0.00%)
  • Earnings Per Share - Basic: ₹5.29 (Previous: ₹5.38)
  • Earnings Per Share - Diluted: ₹5.28 (Previous: ₹5.37)
  • Book Value Per Share: ₹81.26 (Previous: ₹72.37)

Significant Notes to Results

1. Supreme Court Ruling Impact: Pursuant to a judgment delivered by the Honourable Supreme Court of India on June 11, 2026, recognizing the economic value of unpaid domestic work performed by homemakers for determining compensation under the Motor Vehicles Act, the Company has assessed the potential impact on its Motor Third Party (TP) portfolio. Based on this assessment, the Company recognized claim reserves amounting to ₹5,000 lakhs in the current period.

2. Ind AS Implementation: IRDAI has notified Ind AS as the applicable financial reporting framework for insurers effective April 1, 2026. The Company applied for and was granted a one-year implementation forbearance until March 31, 2027, pursuant to approval received on June 17, 2026. Accordingly, these financial results have been prepared under the currently applicable accounting framework.

3. New Labour Codes: The Government of India notified the Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and Working Conditions Code, 2020, effective from November 21, 2025. Corresponding Central Rules were notified on May 8, 2026. The Company is compliant with these Rules and continues to monitor updates.

4. Large Corporate Status: The Company has been identified as a Large Corporate in terms of the SEBI circular on fund raising by issuance of Debt Securities by Large Entities.

5. Previous Period Figures: Previous period figures have been regrouped, wherever necessary, for better presentation and understanding.

Manaksia Coated Metals Disclosure

Date: October 15, 2026

Subject: Copies of Newspaper Advertisement – Special Window for Re-lodgement of Transfer Requests of physical shares

Reference: Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to SEBI Regulations, the company published newspaper advertisements in all editions of Business Standard (English) and Ekdin (Bengali) on October 15, 2026, regarding the opening of a Special Window for re-lodgement of transfer requests of physical shares. The special window period is from February 5, 2026, to February 4, 2027, facilitating the re-lodgement of physical share transfer deeds that were previously rejected/returned by the company/Registrar and Transfer Agent (RTA) due to documentation deficiencies and were required to be re-submitted by the cut-off date of March 31, 2021. Claimants must possess the original security certificates, and the shares should not have been transferred to the Investor Education and Protection Fund Authority for any reason.

Other Contained Notices

The document also contains various legal and bank notices in Bengali, including:

  • Tata Capital Limited notice for proposed sale of two repossessed vehicles (LPT 1412 models) to recover outstanding dues, with objections invited until October 24, 2026.
  • Punjab National Bank notice of taking possession of immovable properties in West Medinipur district on October 13, 2026, under the SARFAESI Act, 2002, for recovery of dues amounting to ₹2,39,89,822.48 from Medinipur Nature Friend Organic Fertilizers Private Limited.
  • State Bank of India sales notice for an immovable property at Premises No. 4/2K/71, Ho Chi Minh Sarani, Behala, South 24 Parganas, through e-auction on November 20, 2026.
  • Bank of India gold loan auction notice for defaulting borrowers, with auction scheduled from November 27, 2026.
  • Bank of India possession notice for immovable properties in Bardhaman district under the SARFAESI Act, 2002.