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Max Financial Services reports 48% rise in Q1 consolidated net profit

10 Aug 2023 Evaluate

Max Financial Services has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported net loss at Rs 2.37 crore for the quarter under review as compared to net profit of Rs 1.76 crore for the same quarter in the previous year. Total income of the company decreased by 60% at Rs 5.12 crore for Q1FY24 as compared Rs 12.80 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 47.68% rise in its net profit at Rs 101.13 crore for the first quarter ended June 30, 2023 as compared to Rs 68.48 crore for the same quarter in the previous year. Total income of the company reported over 2- fold jump at Rs 9171.46 crore for Q1FY24 as compared Rs 3275.89 crore for the corresponding quarter previous year.

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