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Max India reports 20% fall in Q1 net profit

13 Aug 2014 Evaluate

Max India has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined by 19.66% at Rs 81.26 crore as compared to Rs 101.14 crore for the quarter ended June 30, 2013. Its total income has decreased by 59.66% to Rs 113.41 crore for the quarter under review from Rs 281.12 crore for the corresponding quarter of the previous year.

Previous period figures have been regrouped/ reclassified to conform to the current period classification. However, on account of the slumps sale of MSF division, the figures for the previous periods are not comparable. The revenue of the erstwhile MSF Division for Q1-FY15 is Rs. 186.87 crores (corresponding figure for Q1-FY14 was Rs. 156.50 crore).

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