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Max Financial Services reports 12% rise in Q1 net profit

07 Aug 2018 Evaluate

Max Financial Services has reported results for first quarter ended June 30, 2018

The company has reported 12.28% rise in its net profit at Rs 75.44 crore for the quarter under review as compared to Rs 67.19 crore for the same quarter in the previous year. Total income of the company increased by 37.23% at Rs 129.13 crore for Q1FY19 as compared Rs 94.10 crore for the corresponding quarter previous year.

Max Financial Services, a part of the $2 billion Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company.

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