Max Financial Services Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board approved the results on November 11, 2025. While consolidated revenue increased, the company is addressing uncertainties related to a show cause notice from SEBI, with no impact yet on the financial results.
Financial Performance Overview
Max Financial Services reported consolidated revenue from operations of ₹9,791.59 crores for the quarter ended September 30, 2025, compared to ₹13,371.86 crores for the same quarter last year. Total comprehensive income for the quarter was ₹87.03 crores.
Segment Analysis
Life Insurance: Segment revenue stood at ₹9,790.72 crores. Strong performance continues with controlled expenses, although facing headwinds with possible SEBI penalties, and uncertainty around potential penalties.
Business Investments: Revenue increased to ₹6.28 crores. This sector continues to expand with operational efficiency improvements and planned strategic investments.
Key Financial Figures (Consolidated)
Total Revenue: ₹22,613.24 crores for the half-year ended September 30, 2025.
Profit After Tax: ₹92.89 crores for the quarter ended September 30, 2025.
Earnings Per Share (EPS): Basic EPS stood at ₹2.16 and Diluted EPS at ₹2.16.
Subsidiary Performance
Axis Max Life Insurance Limited (AMLI): Recorded policyholders’ income from life insurance operations of ₹9,633.66 crores for the quarter. The actuarial valuation of liabilities is the responsibility of the Appointed Actuary.
Emphasis of Matter
A show cause notice from SEBI alleging non-compliance with certain regulations is under review, but no impact has been given to these unaudited consolidated financial results.
Source: BSE
