Max India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Max India Ltd reported a 21.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 5.6%.
• Its expenses for the quarter were up by 15.7% QoQ and 21.6% YoY.
• The net profit increased 32.9% QoQ and increased 49.9% YoY.
• The earnings per share (EPS) of Max India Ltd declined at 6.52 during Q2 FY 2025-26.

Financial Statments for Q2 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 India Ltd operates in a diversified range of industries, primarily focusing on healthcare, insurance, and senior living. The company is known for its strategic investments in these sectors, contributing to its reputation as a major player in the Indian market. Max India Ltd has been involved in significant initiatives aimed at expanding its footprint and enhancing its service offerings. However, detailed recent developments or specific product lines for Q2FY26 are not provided in the available data.

Revenue

In Q2FY26, Max India Ltd reported a total income of ₹50.17 crores, a substantial increase of 21.4% from ₹41.34 crores in the previous quarter, Q1FY26. When compared to the same quarter in the previous fiscal year, Q2FY25, where the total income was ₹47.49 crores, there has been a year-over-year growth of 5.6%. This upward trajectory in revenue reflects a positive shift in the company's financial performance over both quarterly and yearly comparisons.

Profitability

Despite the increase in revenue, Max India Ltd experienced a decline in profitability. The company reported a Profit Before Tax (PBT) of -₹35.28 crores in Q2FY26, which marks a 43.5% increase in losses from the previous quarter's PBT of -₹24.59 crores. Year-over-year, the losses have increased by 55.1% from -₹22.74 crores in Q2FY25. The Profit After Tax (PAT) also reflected a similar trend, with losses widening to -₹34.07 crores in Q2FY26, compared to -₹25.64 crores in Q1FY26 and -₹22.73 crores in Q2FY25, indicating quarterly and yearly increases in losses of 32.9% and 49.9%, respectively.

Operating Metrics

The Earnings Per Share (EPS) for Max India Ltd in Q2FY26 was -₹6.52, compared to -₹5.44 in Q1FY26, reflecting a 19.9% increase in negative earnings per share. This is also an increase from -₹5.27 in Q2FY25, representing a year-over-year decrease of 23.7%. Total expenses for the company rose to ₹85.42 crores in Q2FY26, which is a 15.7% increase from Q1FY26's ₹73.81 crores and a 21.6% increase from ₹70.23 crores in Q2FY25. This increase in expenses has contributed to the widening of net losses for the company. The tax component also saw significant fluctuations, with a tax outflow of -₹1.96 crores in Q2FY26 compared to a tax inflow of ₹0.98 crores in the previous quarter, marking a -300.0% change, and a year-over-year change of -368.5% from ₹0.73 crores in Q2FY25.