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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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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

Noida (Uttar Pradesh) [India], February 1 (ANI/NewsVoir): 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 ....

New York , United States , Prashant Tripathy , Analjit Singh , Noida Uttar Pradesh , Axis Bank , Max Financial Services , Ujjivan Small Finance Bank , Max Financial Services Limited , Max Life Pension Fund Management , Axis Capital , Max Group , Max Life Insurance Company , Axis Securities , Uttar Pradesh , Consolidated Revenue , Max Life New Business , Max Life , Max Financial , Fair Market , Business Margin , New Business , Under Management , New Business Margin , Embedded Value , Operating Return ,

Max Financial Services H1FY23 Consolidated Revenue^ rises 12 percent to Rs 9,720 Crore, profit after tax grows 56 percent to Rs 130 Crore

Noida (Uttar Pradesh) [India], October 20 (ANI/NewsVoir): Max Financial Services Limited (MFSL) today announced its financial results for the second quarter (Q2) and H1 (first half) of the financial year FY23. In the first half of the FY23, MFSL Consolidated Revenue^ of Rs 9,720 Crore, with growth of 12 per cent and Consolidated PAT at Rs 130 Crore, up 56 per cent, due to lower tax expenses than corresponding previous half year. In Q2FY23, Consolidated Revenue^ at Rs 5,718 Cr, Up 9 per cent and Consolidated PAT at Rs 62 Cr, Up 29 per cent. During H1FY23, Max Life New Business Premium grew 9 per cent to Rs. 3,378 Cr and Annualised Premium Equivalent (APE) Up by 2 per cent to Rs 2,200 Cr driven by strong growth in proprietary channels. Proprietary channels new business premiums grew by 23 per cent year-on-year to Rs 773 Crore as result contribution of Proprietary channels to total new sales increased from 29 per cent to 33 per cent in H1FY23. Further, the renewal premium income (includi ....

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Max Financial Services 9MFY22 Consolidated Revenue^ Rises 21 percent to Rs 14,160 cr

Max Financial Services Limited (MFSL) today announced its financial results for the quarter (Q3) and nine months of the financial year FY22 (9MFY22). ....

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Max Financial Services 9MFY22 Consolidated Revenue Rises 21 percent to Rs 14,160 cr

Max Financial Services 9MFY22 Consolidated Revenue Rises 21 percent to Rs 14,160 cr
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