Max Financial Services gains on reporting 65% rise in Q1 consolidated net profit

06 Aug 2019

Max Financial Services is currently trading at Rs. 416.90, up by 13.00 points or 3.22% from its previous closing of Rs. 403.90 on the BSE.

The scrip opened at Rs. 401.80 and has touched a high and low of Rs. 432.90 and Rs. 401.80 respectively. So far 180050 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 533.60 on 06-Aug-2018 and a 52 week low of Rs. 343.95 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 432.90 and Rs. 398.00 respectively. The current market cap of the company is Rs. 11547.78 crore.

The promoters holding in the company stood at 28.32%, while Institutions and Non-Institutions held 61.70% and 9.98% respectively.

The company has reported over 2-fold jump in its net profit at Rs 171.56 crore for first quarter ended June 30, 2019 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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Puchho Befikar
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