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 Q2FY24 of ₹10,165.00 Crores up from ₹9,316.00 Crore year on year, a rise of 9.11%.
- Total Expenses for Q2FY24 of ₹10,031.00 Crores up from ₹9,248.00 Crores year on year, a rise of 8.47%.
- Consolidated Net Profit of ₹170.00 Crores up 174.19% from ₹62.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹4.29, up 187.92% from ₹1.49 in the same quarter of the previous year.