Categories AlphaGraphs, Finance

Max Financial Services Ltd Q1FY24; 49% rise in Profits

Max Financial Services Limited incorporated on 24 February, 1988 is part of India’s leading business conglomerate – the Max Group. Company is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies. It owns and actively manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank life insurer and 4th largest private life insurance company.

Financial Results:

Max Financial Services Ltd reported Revenues for Q1FY24 of ₹9,168.00 Crores up from ₹3,272.00 Crore year on year, a rise of 180.2%.

Total Expenses for Q1FY24 of ₹9,053.00 Crores up from ₹3,195.00 Crores year on year, a rise of 183.35%.

Consolidated Net Profit of ₹101.00 Crores up 48.53% from ₹68.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.54, up 55.83% from ₹1.63 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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