Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Clean audit opinion - Limited Review Report issued by B S R & Co. LLP and G. M. Kapadia & Co. Chartered Accountants. No modifications or qualifications.
Auditor's Comment: The review provides moderate assurance that the financial results are free from material misstatement. The auditors relied on the Appointed Actuary's certificate for valuation of policy liabilities.
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations (Gross Premium Income):
- Q1 FY27: ₹1,717.64 crore (First Year: ₹269.34 crore, Renewal: ₹902.33 crore, Single: ₹545.97 crore)
- Q1 FY26: ₹1,487.51 crore (First Year: ₹255.02 crore, Renewal: ₹760.30 crore, Single: ₹472.19 crore)
- YoY Growth: 15.5%
Total Income: ₹3,331.35 crore (Q1 FY27) vs ₹2,920.15 crore (Q1 FY26)
Net Profit: ₹61.14 crore (Q1 FY27) vs ₹54.65 crore (Q1 FY26) - 11.9% YoY increase
EPS: Basic and Diluted EPS of ₹2.83 (not annualized)
Other Equity: Reserve & Surplus of ₹1,685.73 crore
Cash and Cash Equivalents: ₹45.13 crore
Debt: ₹309.90 crore (subordinated debt)
Consolidated Results:
Revenue from Operations (Gross Premium Income): ₹1,723.23 crore (Q1 FY27)
Total Income: ₹3,354.17 crore (Q1 FY27)
Net Profit: ₹61.12 crore (Q1 FY27) vs ₹54.84 crore (Q1 FY26) - 11.4% YoY increase
EPS: Basic and Diluted EPS of ₹2.83 (not annualized)
Segment-wise Performance [₹ in lakhs]:
Standalone Segment Revenue (Q1 FY27):
- Participating - Individual & Group Life: ₹239.18 crore
- Non Participating - Individual & Group Life: ₹663.22 crore
- Unit Linked - Individual Life: ₹393.03 crore
- Unit Linked - Group Life: ₹84.62 crore
- Non Participating - Individual & Group Annuity: ₹147.14 crore
Standalone Segment Profit (Q1 FY27):
- Non Participating - Individual & Group Life: ₹17.42 crore
- Unit Linked - Individual Life: ₹5.71 crore
- Unit Linked - Group Life: ₹3.12 crore
- Participating - Individual & Group Pension: (₹1.04) crore loss
Corporate Actions:
Dividend: No interim dividend declared for the quarter. Final dividend of ₹2.10 per share recommended on April 16, 2026, subject to shareholder approval at AGM on July 16, 2026.
Capital Raising: The company allotted 1,45,23,906 fully paid-up equity shares of face value ₹10 each at a price of ₹688.52 per equity share during the quarter.
Other Significant Information:
Solvency Ratio: 185% (Q1 FY27) vs 177% (Q4 FY26) and 192% (Q1 FY26)
Expenses of Management Ratio: 22.5% (Q1 FY27) vs 21.9% (Q1 FY26)
Persistency Ratios (Premium Basis):
- 13th month: 80.0% (Q1 FY27) vs 82.7% (Q1 FY26)
- 25th month: 73.5% (Q1 FY27) vs 79.5% (Q1 FY26)
- 61st month: 65.5% (Q1 FY27) vs 61.0% (Q1 FY26)
NPA Ratios: Gross NPAs remained stable at 0.01-0.06% across segments; Net NPAs were nil.
Ind AS Adoption: The company has been granted forbearance from IRDAI for implementation of Ind AS until April 1, 2027.
Total Assets: ₹40,436.47 crore (Standalone) and ₹40,479.62 crore (Consolidated) as of June 30, 2026