Max Financial Services reports 65% rise in Q1 consolidated net profit

06 Aug 2019

Max Financial Services has reported results for first quarter ended June 30, 2019.

The company has reported over 2-fold jump in its net profit at Rs 171.56 crore for the quarter under review as compared to Rs 75.44 crore for the same quarter in the previous year. Total income of the company increased by 51.94% at Rs 196.20 crore for Q1FY20 as compared Rs 129.13 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 65.42% in its net profit at Rs 54.24 crore for the quarter under review as compared to Rs 32.79 crore for the same quarter in the previous year. Total income of the company increased by 11.02% at Rs 3,948.77 crore for Q1FY20 as compared Rs 3556.83 crore for the corresponding quarter previous year.

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