Max Financial Services Limited (MFSL) announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The Board meeting concluded on February 11, 2026. The results include a note on an ongoing uncertainty regarding a show cause notice from a regulatory body, for which no financial impact has been accounted in these interim figures.
Board Approval of Interim Financial Results
The Board of Directors of Max Financial Services Limited (MFSL) met on February 11, 2026, to review and approve the unaudited financial statements for the period ending December 31, 2025. The meeting commenced at 1645 hours (IST) and concluded at 1715 hours (IST). The Board approved both the standalone and consolidated financial results for the quarter and the nine months ended on that date, along with the Limited Review Report from the Statutory Auditors.
Key Financial Highlights (Consolidated)
For the quarter ended December 31, 2025, the consolidated total income stood at ₹14,267.43 crores, compared to ₹8,925.79 crores in the corresponding quarter last year. Profit after tax from continuing operations for the quarter was ₹44.75 crores. For the nine months ended December 31, 2025, total income reached ₹36,890.95 crores, yielding a profit after tax from continuing operations of ₹137.64 crores.
Standalone Performance Snapshot (Losses)
The standalone results indicated a loss before tax for the quarter ending December 31, 2025, of (₹1.49 crores), resulting in a total comprehensive loss for the quarter of (₹1.57 crores). Basic EPS for the nine months ended December 31, 2025, stood at (₹0.12) per share.
Segmental Overview (Consolidated)
The primary segment contribution comes from Life Insurance, which reported a sub-total segment result of ₹215.79 crores for the nine months ended December 31, 2025. Business Investments contributed ₹224.24 crores over the same period, before inter-segment eliminations.
Important Notes and Disclosures
Management drew attention to Note 5, concerning an uncertainty related to a show cause notice received from a regulatory body regarding past alleged non-compliances. Pending the outcome, no financial impact has been recognized in these unaudited results. Furthermore, the company noted an incremental expense of ₹96.52 crores recognized against employee benefits due to the implementation of the New Labour Codes, effective from November 21, 2025.
Subsidiary Updates
The company disclosed that its shareholding in Axis Max Life Insurance Limited (AMLI) stood at 80.98% as of December 31, 2025. The Board has granted in-principle approval for a potential amalgamation where the Company would merge into AMLI, facilitated by the recent enactment of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
Source: BSE
