Max India Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Max India Ltd reported a 17.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.2%.
- Its expenses for the quarter were up by 1.7% QoQ and 15.6% YoY.
- The net profit increased 96.2% QoQ and increased 149.2% YoY.
- The earnings per share (EPS) of Max India Ltd declined at 10.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 39.09 | 47.49 | 44.53 | -17.7% | -12.2% |
Total Expenses | 71.45 | 70.23 | 61.82 | 1.7% | 15.6% |
Profit Before Tax | -44.96 | -22.74 | -17.29 | 97.7% | 160.0% |
Tax | 0.19 | 0.73 | 1.29 | -74.0% | -85.3% |
Profit After Tax | -44.60 | -22.73 | -17.90 | 96.2% | 149.2% |
Earnings Per Share | -10.30 | -5.30 | -4.20 | 94.3% | 145.2% |
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 is a company that operates within the diversified business sector, focusing on healthcare, insurance, and real estate, among other services. The company is known for its operations in providing healthcare services through its network of hospitals and healthcare facilities. It also has a presence in the insurance sector, offering a variety of insurance products, and has investments in the real estate market. Recent developments or specific updates about Max India Ltd are not provided, hence further details on the company's strategic direction or any recent transactions are not available in the current dataset.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Max India Ltd reported a total income of ₹39.09 crores. This represents a sequential decline of 17.7% from the previous quarter (Q2FY25) where the total income stood at ₹47.49 crores. On a year-over-year basis, the total income also experienced a decline of 12.2% compared to the same quarter of the previous fiscal year (Q3FY24), during which the total income was ₹44.53 crores. The decrease in total income both on a quarterly and yearly basis reflects changes in the revenue generation of the company during this period.
Profitability
The profitability of Max India Ltd in Q3FY25 was characterized by a significant loss. The company reported a loss before tax of ₹44.96 crores, which is an increase in losses compared to both the preceding quarter and the same quarter of the previous year. The sequential increase in loss before tax is 97.7% from Q2FY25, where the loss before tax was ₹22.74 crores. Year-over-year, the loss before tax increased by 160.0% compared to Q3FY24's loss of ₹17.29 crores. After accounting for taxes, the company reported a net loss (Profit After Tax) of ₹44.60 crores in Q3FY25, compared to a net loss of ₹22.73 crores in Q2FY25 and ₹17.90 crores in Q3FY24. The Earnings Per Share (EPS) also reflected this trend, with a reported EPS of -₹10.30 in Q3FY25, compared to -₹5.30 in Q2FY25 and -₹4.20 in Q3FY24, showing a significant degradation in profitability.
Operating Metrics
The company's total expenses in Q3FY25 were ₹71.45 crores, which represents a slight increase of 1.7% from ₹70.23 crores in the previous quarter (Q2FY25). On a year-over-year basis, total expenses increased by 15.6% from ₹61.82 crores in Q3FY24. The tax expense for Q3FY25 was reported at ₹0.19 crores, showing a decline of 74.0% from the previous quarter's tax of ₹0.73 crores and an 85.3% decrease from the tax expense of ₹1.29 crores in Q3FY24. These metrics indicate a rise in operating costs relative to income, which has affected the company's net profitability and earnings per share.
