External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><div><ul><li>Robust performance amid challenging external environment: HDFCLIFE reported 17% YoY growth in APE in FY22 to Rs97.6.bn and 22% YoY growth in VNB to Rs26.8bn on a standalone basis.</li></ul><div><div><ul><li>Board approves Rs3.5bn sub-debt raise to boost solvency: Solvency margins for FY22 stood at 176% (vs. 190% at 9MFY22 and 201% at FY21).</li></ul><div><div><div><div><ul><li>Management confident about FY23 growth and margin outlook: Management sounded confident about achieving APE growth that is 2x the real GDP growth while gradually expanding standalone margins.</li></ul></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div>

Robust performance amid challenging external environment: HDFCLIFE reported 17% YoY growth in APE in FY22 to Rs97.6.bn and 22% YoY growth in VNB to Rs26.8bn on a standalone basis.Board approves Rs3.5bn sub-debt raise to boost solvency: Solvency margins for FY22 stood at 176% (vs. 190% at 9MFY22 and 201% at FY21).Management confident about FY23 growth and margin outlook: Management sounded confident about achieving APE growth that is 2x the real GDP growth while gradually expanding standalone margins.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HDFC Life Insurance - Year Ends Well; Confident Outlook for FY23