Max Financial Services reports over 2-fold jump in Q4 consolidated net profit
11th May 2022

Max Financial Services has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a net loss of Rs 0.90 crore for the quarter under review as compared to net profit of Rs 75.60 crore for the same quarter in the previous year. Total income of the company decreased by 93.70% at Rs 15.33 crore for Q4FY22 as compared Rs 243.46 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over two-fold jump in its net profit at Rs 144 crore for the quarter under review as compared to Rs 70.03 crore for the same quarter in the previous year. However, total income of the company decreased by 8.18% at Rs 8,962.31 crore for Q4FY22 as compared Rs 9,760.31 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 3.42% in its net profit at Rs 102.62 crore as compared to Rs 99.23 crore for the previous year. However, total income of the company decreased by 34.36% at Rs 202.06 crore for year under review as compared to Rs 307.81 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 43.12% in its net profit at Rs 318.40 crore as compared to Rs 559.75 crore for the previous year. Total income of the company decreased by 0.32% at Rs 31,187.58 crore for year under review as compared to Rs 31,288.02 crore for year ended March 31, 2021