Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday

The second quarter earnings season is underway and as many as 25 companies will announce their earnings on Tuesday. Some of key earnings to watch out include that of HDFC Life, HDFC AMC, PVR Inox among others.

Apart from the above, some of the other companies like KEI Industries, Lactose (India), Premium Capital, Bank of Maharashtra, Rallis India, Stylam Industries, Sita Enterprises, Sybly Industries, Teamo Productions, Transchem will declare results for the September quarter.

HDFC Life Q2 expectations

HDFC Life Insurance is expected to report a 17-26% year-on-year jump in its annual premium equivalent (APE) for the quarter ended September 30, 2024 according to estimates by four brokerages. For the reported quarter, APE is pegged in the range between Rs 3,550 crore and Rs 3,834 crore.

Meanwhile, value of its new businesses (VNB) is estimated at Rs 900-978 crore for Q2FY25 which may grow between 12% and 22% on a YoY, the estimates revealed.

Sequentially, APE could see an uptick at 24-34% while VBN may grow in the range of 25-36%.

The most conservative estimates of HDFC Life's APE and VNB have been given by Nuvama while Motilal Oswal remains most bullish on these metrics.

Nuvama pegs APE growth at 17% on a YoY basis and 24% on a QoQ basis, estimating the number at Rs 3,550 crore in the July-September quarter. VNB is expected to be at Rs 900 crore according to this brokerage, registering a 12% YoY and 25% QoQ uptick.

VNB margin is seen at 25%, down by 100 bps on a YoY basis.

In its preview note, it said that investors should watch out for product level growth, especially protection. APE and VNB margin guidance for FY25E and medium term will also be a key focus area for investors.

Meanwhile, Kotak expects an APE of Rs 3,684 crore for the reporting quarter. This translates into a 21% YoY growth and 29% QoQ jump. VNB on the other hand is seen at Rs 932 crore, which may go up by 16% YoY and 30%, sequentially.

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