Max Financial Services Q2 Profit Surges to Rs 100 Crore

Key Facts

1Max Financial Services recorded a net profit of Rs 100 crore in Q2, up from Rs 5.9 crore in the same period last year.

2Value of new business rose 21% year-on-year to Rs 1,180 crore in the first half of the fiscal year.

Max Financial Services recorded a net profit of Rs 100 crore in the second quarter, up from Rs 5.9 crore in the same period last year. The Economic Times reported that the surge was driven by growth in the company's life insurance subsidiary and an improved product mix.

The value of new business rose 21% year-on-year to Rs 1,180 crore in the first half of the fiscal year. This operational performance was further supported by expansion within the protection and retirement segments.