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Informist, Tuesday, May 12, 2026

 

--Max Financial Q4 consol net loss INR 263.5 mln vs PAT INR 313.1 mln yr ago 

--Max Financial Jan-Mar consol sales INR 108.02 bln vs INR 123.76 bln yr ago 

--Max Financial FY26 consol PAT INR 839.7 mln vs INR 3.27 bln yr ago 

--Max Financial FY26 consol revenue INR 476.74 bln vs INR 464.69 bln yr ago 

 

By Kabir Sharma

 

MUMBAI – Max Financial Services Ltd. reported a consolidated net loss for the quarter ended March, primarily due to a loss in the marquee life insurance segment. The segmental loss led to a sharp decline in revenue, and a consequent fall in the insurer's bottom line. 

 

Max Financial, the holding company of Axis Max Life Insurance Ltd., reported a consolidated net loss of INR 263.5 million for the quarter ended March, against a net profit of INR 313.1 million reported a year ago. Consolidated revenue of the company fell nealy 13% on year to INR 108.02 billion in the reporting quarter. 

 

The life insurance segement, which accounts for over 95% of the company's business, reported a loss of INR 26.8 million for the March quarter, against income of INR 163 million a year ago and business investments reported a loss of INR 37.8 million against a profit of INR 58.1 million a year ago. 

 

A sharp increase in net loss on fair value changes also weighed on the company's bottom line. Loss on fair value changes increased to INR 935.9 million from INR 144.9 million a year ago.

 

The loss during the quarter was despite a fall in expenses, which was almost identical to the fall in revenue. Total expenses of the company fell over 12% on year to INR 108.44 billion. 

 

For the financial year ended March, the company reported a net profit of INR 839.7 million, over 74% lower than a year ago. Revenue for the period was nearly 3% higher at INR 476.74 billion. 

 

The company reported its earnings after market hours. On Tuesday, Max Financial Services' shares ended at INR 1,653.70 on the NSE, down 2.5% over Monday.  End

 

Edited by Avishek Dutta

 

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