Max Financial Services has granted 5,99,035 options under `ESOP Plan-2022` with the grant date of 21 May 2024 to the Key Managerial Persons of Max Life Insurance Company, the material subsidiary of the Company, as a retention strategy which will vest in a graded manner over a vesting period of four years. Each option entitles the Option-holder an equity share bearing face value of Rs. 2/- each of the Company at an exercise price of Rs. 983.58/- per option.Powered by Capital Market - Live News

Net loss of Max Financial Services reported to Rs 44.05 crore in the quarter ended March 2024 as against net profit of Rs 45.89 crore during the previous quarter ended March 2023. Sales rose 49.94% to Rs 14887.81 crore in the quarter ended March 2024 as against Rs 9929.37 crore during the previous quarter ended March 2023.For the full year,net profit declined 10.15% to Rs 340.08 crore in the year ended March 2024 as against Rs 378.48 crore during the previous year ended March 2023. Sales rose 48.27% to Rs 46576.22 crore in the year ended March 2024 as against Rs 31412.67 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales14887.819929.37 50 46576.2231412.67 48 OPM %-0.390.64 -0.901.75 - PBDT-58.7359.55 PL 418.01531.83 -21 PBT-59.3958.44 PL 414.82527.20 -21 NP-44.0545.89 PL 340.08378.48 -10 Powered by Capital Market - Live News

Max Financial Services will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Max Financial Services will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Net profit of Max Financial Services declined 33.96% to Rs 148.56 crore in the quarter ended December 2023 as against Rs 224.94 crore during the previous quarter ended December 2022. Sales rose 38.90% to Rs 12355.68 crore in the quarter ended December 2023 as against Rs 8895.52 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales12355.688895.52 39 OPM %1.693.62 - PBDT198.73315.68 -37 PBT197.97314.54 -37 NP148.56224.94 -34 Powered by Capital Market - Live News