Synopsis: The shares of Canara HSBC Life Insurance Company Ltd are up by 10 percent after they reported Q3 results, with the revenue growing by 177 percent to Rs 4,202 crore.
The shares of this company, which offers a wide range of protection, savings, health, and retirement plans through banks, digital channels, and a large network, are in focus after their Q3 results.
With a market capitalization of Rs 14,026 crore, Canara HSBC Life Insurance Company Ltd’s share on Thursday made a day high of Rs 150.35 per share, up 10.4 percent from its previous day’s low of Rs 136.1 per share. The share has given a return of 30 percent, since its listing in October 2025.
QoQ Result
The revenue from operations grew by 78.9 percent to Rs 4,202 crore in Q3 FY26, corresponding to the last quarter in the same financial year. EBDIT fell to a negative value of Rs 70.2 crore in Q3 FY26 from Rs 15.8 crore in Q2 FY26. Accompanied by a net profit decline of 32.3 percent to Rs 27.6 crore in Q3 FY26, resulting in an EPS decline of 32.5 percent QoQ to Rs 0.29 per share.
YoY Result
The revenue from operations grew by 177 percent to Rs 4,202 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT fell to a negative number of Rs 70.2 crore in Q3 FY26 from a negative value of Rs 22.7 crore in Q3 FY25. Accompanied by a net profit decline of 6 percent to Rs 27.6 crore in Q3 FY26, resulting in an EPS decline of 6 percent to Rs 0.29 per share.
Canara HSBC Life Insurance Company Ltd reported strong premium growth during the quarter, with Individual Weighted Premium Income (WPI) rising 29 percent year-on-year. Total Annualized Premium Equivalent (APE) increased 37 percent, renewable premium surged 43 percent, and overall premium income also climbed 43 percent YoY to Rs 2,889.3 crore.
For Canara HSBC Life Insurance, ULIPs continued as the largest segment at 61 percent of APE for 9M FY26 and same period of FY25. Savings products declined from 17 percent to 13 percent, while Protection plans grew to 7 percent and Annuities to 12 percent. PAR products accounted for 5 percent, with a minor portion in Group savings/fund-based business.
In the first nine months of FY26, ULIPs remained the largest New Business Premium (NBP) segment despite falling from 45 percent to 42 percent. Protection grew to 30 percent, Group savings/fund-based business to 6 percent, while Savings declined to 9 percent and PAR plans to 4 percent. Annuity saw a slight rise to 10 percent YoY.
Canara HSBC Life Insurance Company Ltd. is a major Indian life insurer, formed as a joint venture by Canara Bank, HSBC Insurance, and previously Punjab National Bank, offering a wide range of protection, savings, health, and retirement plans through banks, digital channels, and a large network, known for its bancassurance model and commitment to customer promises.
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