Max Financial Services' Q1 FY 2025-26 Quarterly Results

Result Summary

• Max Financial Services Ltd reported a 13.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.7%.
• Its expenses for the quarter were down by 14.9% QoQ and up 9.5% YoY.
• The net profit decreased 272.6% QoQ and decreased 44.6% YoY.
• The earnings per share (EPS) of Max Financial Services Ltd stood at 2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
Max Financial Services Ltd is a prominent player in the financial services industry, focusing primarily on life insurance products through its joint venture with Axis Bank. The company is known for its robust distribution network and comprehensive range of financial products. As a key player in the insurance sector, Max Financial Services continually adapts to regulatory changes and economic conditions that influence its operational strategies. While specific recent developments are not available, the company has historically been active in pursuing strategic partnerships and expansions to enhance its market position.

## Revenue
For Q1FY26, Max Financial Services Ltd reported a total income of ₹12,824.90 crores, reflecting a decline of 13.9% from the previous quarter (Q4FY25), where the total income was ₹14,898.52 crores. On a year-over-year basis, there was an increase of 8.7% compared to Q1FY25, when the total income was ₹11,802.03 crores. This indicates a positive growth trajectory over the year, despite the quarterly dip in total income. The company’s revenue performance is a critical indicator of its market activities and customer engagement during the period under review.

## Profitability
The profitability analysis for Max Financial Services Ltd shows a profit before tax (PBT) of ₹101.48 crores in Q1FY26, a significant improvement from a loss of ₹59.39 crores in Q4FY25, representing a quarter-over-quarter change of -270.9%. However, when compared to Q1FY25, where the PBT was ₹181.75 crores, there was a year-over-year decrease of 44.2%. The profit after tax (PAT) stood at ₹86.45 crores for Q1FY26, an increase from a loss of ₹50.08 crores in Q4FY25, but a reduction from ₹155.94 crores in Q1FY25, marking a year-over-year decline of 44.6%. Earnings per share (EPS) for Q1FY26 was ₹2.00, which contrasts with a negative EPS of ₹-1.30 in Q4FY25 and a positive EPS of ₹3.70 in Q1FY25, showing a year-over-year decrease of 45.9%.

## Operating Metrics
The financial data reveals that total expenses for Q1FY26 were ₹12,723.46 crores, which is a 14.9% decrease from ₹14,957.86 crores in Q4FY25, and a 9.5% increase from ₹11,620.35 crores in Q1FY25. This indicates a reduction in operational expenses quarter-over-quarter, while reflecting an increase year-over-year. The tax expense for Q1FY26 was ₹14.50 crores, a significant shift from a tax benefit of ₹-9.31 crores in Q4FY25, and a decrease from ₹25.81 crores in Q1FY25, showing a year-over-year reduction of 43.8%. These metrics are crucial for understanding the company’s cost management and tax obligations over the assessed periods.