Max Financial Services Limited reported a substantial increase in its consolidated profit after tax for the first half of FY’27, reaching ₹219 crore, a 137% jump year-on-year. This growth was driven by strong performance across its businesses, including Axis Max Life Insurance. The company also highlighted robust revenue growth and improvements in key operational metrics, reflecting a positive financial trajectory for the period ending September 30, 2026.
Strong Financial Performance in H1 FY’27
Max Financial Services Limited (MFSL) announced its financial results for the first half of the fiscal year 2027, concluding on September 30, 2026. The company reported a consolidated profit after tax (PAT) of ₹219 crore, marking a significant increase of 137% compared to the same period in the previous year.
Key Business Highlights
The robust financial performance was primarily driven by the strong showing of its subsidiary, Axis Max Life Insurance. Key highlights from the period include:
- Revenue Growth: MFSL’s revenue, excluding investment income, grew by 16% to ₹17,484 crore in H1 FY’27.
- Axis Max Life Performance: Axis Max Life Insurance recorded a total APE (Annualised Premium Equivalent) of ₹4,638 crore, an 11% increase year-on-year. Its Value of New Business (VNB) stood at ₹1,180 crore, up 21%. The insurer also saw its Profit Before Tax increase by 35% to ₹234 crore.
- Solvency Ratio: Axis Max Life maintained a strong solvency ratio of 197% as of September 2026.
- Customer Metrics: The company emphasized its high Claims Paid Ratio of 99.8% in FY’26 and strong persistency rates, indicating customer trust and operational efficiency.
Strategic Focus and Outlook
The company’s strategic pillars continue to focus on predictable and sustainable growth, product innovation, customer centricity, and digitization. The consistent growth in new business and renewal momentum, coupled with prudent risk management and efficient capital management, positions the company for continued success in the evolving insurance landscape.
Source: BSE
