Q3 results impact: Canara HSBC Life, Radico Khaitan shares rise up to 10% on strong December quarter earnings

Shares rise in trade.

• Canara HSBC Life shares rose 10% on strong Q3 earnings and margin growth.
• Radico Khaitan shares up 6% as profit surged 62% and revenue grew 22%

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Shares of Canara HSBC Life Insurance Company and Radico Khaitan rose up to 10 percent in Thursday’s trade after the companies reported strong earnings for the December quarter.

Canara HSBC Life Insurance shares climbed as much as 10.12 percent and settled at Rs 150.33 apiece on the NSE, snapping a four-session losing streak.

The life insurer reported a 10 percent year-on-year rise in pre-tax profit for the third quarter. Net profit, however, edged lower as the company had availed a tax credit in the year-ago period.

Annualised premium equivalent (APE) sales rose 37 percent during the quarter. Value of New Business (VNB) increased 60 percent year-on-year, while the VNB margin expanded by 210 basis points to 19.7 percent as of December-end.

Following the results, brokerage Motilal Oswal raised its APE estimates by 3 percent and VNB margin estimates by 30 basis points for FY26. The stock has gained about 40 percent since its listing in October.

Meanwhile, shares of Radico Khaitan settled nearly 6 percent higher at Rs 2,997 on the NSE.

The liquor maker reported a 62 percent rise in profit to Rs 155 crore for the quarter ended December 31, compared with Rs 95.49 crore in the year-ago period.

Revenue from operations increased 22 percent to Rs 5,424 crore, driven by a 26 percent volume growth in the company’s ‘prestige and above’ segment.

"The Indian spirits sector continues to exhibit strong momentum, underpinned by steady demand and an accelerating shift towards premiumisation," Radico Khaitan Chairman and Managing Director Lalit Khaitan said in a statement.

Radico Khaitan owns brands such as Rampur, Jaisalmer and Magic Moments.

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