Max Financial Services Ltd reported a sharp 96% year-on-year decline in consolidated net profit to ₹4.1 crore for the quarter ended September 30, 2025, compared with ₹113 crore in the corresponding period last year.
The decline was largely due to weaker performance by its life insurance subsidiary, Axis Max Life, which recorded lower income and profitability during the quarter.
Financial Highlights
- Net Profit: ₹4.1 crore (down 96% YoY)
- Net Interest Income (NII): ₹131 crore (up 13.9% YoY)
- Life Insurance Business Revenue: ₹9,790.7 crore (vs ₹13,370.5 crore in Q2 FY25)
- Profit from Life Insurance Segment: ₹23.7 crore (vs ₹170.8 crore in Q2 FY25)
The fall in earnings reflects a combination of sector-wide margin pressures and a high base in the previous year, impacting the overall profitability of the group.
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