More Stories

Informist, Thursday, Aug. 7, 2025

--Max Financial Q1 consol revenue INR 128.22 bln vs INR 117.99 bln year ago 
--Max Financial Apr-Jun consol PAT INR 696.4 mln vs INR 1.27 bln year ago 

By Priyasmita Dutta
 

NEW DELHI – Max Financial Services Ltd.'s consolidated net profit nearly halved in the June quarter from the year ago period, making it the sharpest ever on-year fall in net profit since 2019, data available with Informist showed. At INR 696.4 million, the profit was, however, more than double on quarter. On a standalone basis, the company's net loss narrowed to INR 25.2 million in Apr-Jun from a net loss of INR 26 million a year ago, and INR 25.9 million a quarter ago. 

The consolidated revenue from operations rose 8.7% on year to INR 128.22 billion in the June quarter, leading to an 8.9% rise in total income. On a standalone basis, the revenue was INR 29.9 million compared with INR 37.2 million a year ago. Private market share of the company rose to 10.0% during Apr-Jun, 121 basis points higher than 8.8% during Apr-Jun last year. Shares of the company closed at INR 1,505 on the National Stock Exchange, up 1%. 

Total expenses of the company rose at a higher pace than its income, at 9.5%. The total expense of INR 127.23 billion was 2.8% higher sequentially. The company's finance cost rose sharply in the June quarter, eating into the profits. At INR 197 million, the finance cost more than doubled on year and was 29% higher sequentially. The policyholder expenses of life insurance operations rose 9.4% on year to INR 126.86 billion.

Axis Max Life Insurance Co., which is a subsidiary of the company, reported a gross written premium of INR 63.97 billion during Apr-Jun, up 18% on year and renewal premium of INR 38.73 billion, up 17% on year. 

The assets under management of the life insurance company were up 14% on year at INR 1.83 trillion as of Jun. 30. The new business margin during the June quarter rose by 260 bps to 20.1%. The solvency ratio was 199% as of Jun. 30, four percentage points lower from a year ago, according to the investor presentation.   End

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.