Max India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 06:09 pm IST
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Max India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 492.3 million compared to INR 580.1 million a year ago. Revenue was INR 550.5 million compared to INR 610.3 million a year ago. Net loss was INR 47 million compared to INR 17.6 million a year ago. Basic loss per share from continuing operations was INR 1.09 compared to INR 0.34 a year ago. Diluted loss per share from continuing operations was INR 1.09 compared to INR 0.34 a year ago.
For the six months, sales was INR 899 million compared to INR 1,016.2 million a year ago. Revenue was INR 1,005.5 million compared to INR 1,071.3 million a year ago. Net loss was INR 169.1 million compared to INR 59.4 million a year ago. Basic loss per share from continuing operations was INR 3.93 compared to INR 1.14 a year ago. Diluted loss per share from continuing operations was INR 3.93 compared to INR 1.14 a year ago.
Max India Limited is an India-based holding company of Max Groupâs senior care business. The Company's subsidiaries include Antara Senior Living Limited and Antara Assisted Care Services Limited. It is engaged in the business of developing residential communities for seniors that offer lifestyle with lifecare. Its offering includes memory care homes, care homes, residences, care at home, med care products and AGEasy. Its memory care homes are designed to provide a structured environment with set routines to lower stress for people with Alzheimer's or dementia. It provides independent living residences for seniors in Dehradun and Noida. The Company offers a comprehensive range of medical products and equipment, readily available on rent and for sale, such as wheelchair, respiratory, bathroom accessories, walking aids, and ankle and foot support. AGEasy is a holistic platform that combines product, expert assistance and technology, helping seniors manage various chronic conditions.