Max Financial Services has reported results for second quarter ended September 30, 2016.
The company has reported a net loss after tax of Rs 13.12 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 13.07 crore for the same quarter in the previous year. The company’s total income has increased by 20.83 % to Rs 13.75 crore for the quarter under review from Rs 11.38 crore for the corresponding quarter of the previous year.
Max Financial Services, formerly known as Max India, the newly de-merged entity of the Max Group, holds around 72 percent in Max Life. The fourth-largest life insurer in the private sector, Max Life is a joint venture with Japan-headquartered Mitsui Sumitomo Insurance.