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Informist, Thursday, Aug. 13, 2026

 

--Max Financial Apr-Jun consol net profit INR 955.60 mln

--Max Financial Apr-Jun consol revenue INR 149.70 bln

--Max Financial Apr-Jun consol PAT INR 955.60 mln vs INR 696.40 mln yr ago

--Max Financial Apr-Jun consol revenue INR 149.70 bln vs INR 128.22 bln yr ago

 

By Priyasmita Dutta

 

NEW DELHI - Max Financial Services Ltd. returned to black in the June quarter after a loss in the March quarter. It reported a healthy rise in its consolidated net profit for the quarter ended June, with its total revenue rising steadily.

 

Max Financial, the holding company of Axis Max Life Insurance Ltd., reported a consolidated net profit of INR 955.60 million for the quarter ended June, against a net profit of INR 696.40 million a year ago, up 37%. The consolidated revenue of the company rose to INR 149.70 billion during Apr-Jun, up nearly 17% on year. 

 

The life insurance segment accounts for over 95% of the company's business. It reported new business growth of 17% in the June quarter reaching INR 18.10 billion, the company said in a release. "This has resulted in a private market share gain of 13 basis points (bps) to 10.1%," it said.

 

Axis Max Life also reported new business margins of 23.2% up from 20.1% during the same period last year. The value of new business, a measure of profitability, saw growth of 33% on year.  

 

"Additionally, Axis Max Life's individual renewal premium grew by 20% to INR 46.39 billion, taking the gross written premium to INR 76.07 billion, a 19% YoY increase," the company said in a release.

 

The profit during the quarter was despite a steady rise in expenses, which was almost identical to the rise in revenue. Total expenses of the company rose nearly 17% on year to INR 148.39 billion. 

The company reported its earnings after market hours. On Thursday, Max Financial Services' shares ended at INR 1,512.40 on the National Stock Exchange, down 0.2% from the previous close.  End

 

Edited by Avishek Dutta

 

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