The 24 February 1988-founded Max Financial Services Limited is a member of the Max Group, the largest commercial conglomerate in India. The company’s main activities include developing and nurturing business ventures and giving Indian group firms management advice services. It has and actively manages an 81.83% share in Max Life Insurance, the fourth-biggest private life insurance firm in India and the largest non-bank life insurer.
Financial Results:
- Max Financial Services Ltd. reported Total Income for Q4FY23 of ₹ 9,934 Crores up from ₹ 8,962 Crore year on year, a rise of 11%.
- Total Expenses for Q4FY23 of ₹ 9,876 Crores up from ₹ 8,809.34 Crores year on year, rise of 12%.
- Consolidated Net Profit of ₹ 52 Crores, up 64% from ₹ 144 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 1.33, up 61% from ₹ 3.41 in the same quarter of the previous year.