Max Financial Services Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 05:44 pm IST
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Max Financial Services Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 88,983.5 million compared to INR 69,547.6 million a year ago. Net income was INR 2,249.4 million compared to INR 748.6 million a year ago. Basic earnings per share from continuing operations was INR 6.52 compared to INR 2.55 a year ago. Diluted earnings per share from continuing operations was INR 6.52 compared to INR 2.55 a year ago.
For the nine months, revenue was INR 214,968.3 million compared to INR 222,252.7 million a year ago. Net income was INR 3,325.9 million compared to INR 1,356.9 million a year ago. Basic earnings per share from continuing operations was INR 9.64 compared to INR 4.63 a year ago. Diluted earnings per share from continuing operations was INR 9.64 compared to INR 4.63 a year ago.
Max Financial Services Limited is an India-based company, which operates as a holding company for Max Life Insurance Company Limited. The Company is engaged in the business of investments and providing management advisory services. The Companyâs segments include Life Insurance and Business Investments. The Companyâs investor base includes global financial institutions such as KKR, Baron, Ward ferry, New York Life, Vanguard, Blackrock, Jupiter, Norges, Neuberger Burman, Eastspring and Dimension.