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Business News | MFSL Consolidated Revenue Grows 12 Per Cent in 9MFY23; Max Life Records Highest Ever Quarterly New Business Margin of 39 2 Per Cent in Q3FY23

Get latest articles and stories on Business at LatestLY. Max Financial Services Limited (MFSL) today announced its financial results for the third quarter (Q3) and nine months (9M) of the financial year of FY23. In the 9MFY23, MFSL reported consolidated revenues of Rs 21,497 Crore, 3 per cent lower than the previous year, due to lower investment income. Excluding investment income, the consolidated revenues^ at Rs 15,890 Crore, grew 12 per cent. Consolidated PAT at Rs 399 Crore in 9MFY23, up 129 per cent, due to lower new business strain than the corresponding previous period. In Q3FY23, Consolidated Revenue at Rs 8,898 Cr, up 28 per cent and Consolidated PAT at Rs 269 Cr, up 196 per cent. Business News | MFSL Consolidated Revenue Grows 12 Per Cent in 9MFY23; Max Life Records Highest Ever Quarterly New Business Margin of 39.2 Per Cent in Q3FY23.

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