Max Financial Services Limited reported robust financial performance for the first quarter of FY27 (3M FY27). The company’s revenue, excluding investment income, grew by 18% year-on-year to ₹7,289 crore. This growth was driven by strong contributions from Axis Max Life Insurance, which saw its Annualised Premium Equivalent (APE) grow by 15%. The company also highlighted a consolidated Profit After Tax (PAT) of ₹118 crore for the quarter.
Max Financial Services Reports Strong Q1 FY27 Performance
Max Financial Services Limited (MFSL) has announced its financial results for the first quarter of the financial year 2027 (3M FY27), concluding on August 13, 2026. The company’s revenue, excluding investment income, registered a significant increase of 18%, reaching ₹7,289 crore compared to the same period last year. This substantial growth underscores the company’s expanding market presence and operational efficiency.
Key Financial Highlights
The consolidated Profit After Tax (PAT) for the quarter stood at ₹118 crore. Individual Adjusted First Year Premium (FYP) saw a growth of 17%, amounting to ₹1,810 crore, outperforming the private industry’s growth of 15%. Total APE also increased by 15%, fueled by robust NOP growth of 12%.
Axis Max Life Insurance Performance
Axis Max Life Insurance, a key subsidiary, demonstrated strong performance in 3M FY27. Its VNB (Value of New Business) grew by 33% year-on-year to ₹446 crore, with the New Business Margin (NBM) at 23.2%. The company’s Assets Under Management (AUM) crossed a significant milestone of ₹2 lakh crore. Proprietary channels APE grew by 15%, and partnership channels APE grew by 16%.
Product and Customer Focus
The company continues to focus on product innovation, launching new plans like the ‘Smart Global Investment Fostering Tomorrow Plan’ and the ‘Smart Retirement Income with Sustained Earnings Plan’. In terms of customer experience, Axis Max Life achieved the #1 rank amongst Indian Life Insurers for customer experience. The company was also recognized as one of the ‘Best Companies to Work For’, ranking #28.
Source: BSE
