Max India reports 81% contraction in Q1FY14 net profit

Max Financial Services Ltd. | Finance - Others | BFSI | BSE: 500271 | NSE: MFSL

13 Aug 2013 Evaluate

Max India has reported results for the quarter ended June 30, 2013.

The company’s net profit for the first quarter ended June 30, 2013 contracted by steep 81.15% at Rs 101.14 crore as compared to Rs 536.54 crore for the quarter ended June 30, 2012. Company’s total Income has decreased by 68.93% to Rs 281.12 crore for the quarter under review from Rs 904.78 crore for the corresponding quarter of the previous year.

Max India is a multi-business enterprise. The company has business interest in area of life insurance, healthcare and clinical research. Max India holds 91% equity stake in Max Healthcare Institute.

Peers

Company Name	CMP
Max Financial Serv.	1484.60
Centrum Capital	21.48
Delphi World Money	5.48
Prudent Corporate	3324.05
Anand Rathi Wealth	2205.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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