Athira Sethu
Kochi, 13 May 2026
Max Financial Services announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results on May 12, 2026. The company reported a sharp decline in consolidated profits for the year, while standalone operations returned to profitability. Statutory auditors S.R. Batliboi & Co. LLP issued unmodified opinions on both sets of results. The company is also pursuing the planned amalgamation with Axis Max Life Insurance Limited (AMLI) and has undertaken various corporate actions to strengthen its capital position.
Consolidated Financial Performance (FY26 vs FY25)
| Particulars | Year Ended 31.03.2026 (₹ Cr) | Year Ended 31.03.2025 (₹ Cr) |
| Total Revenue from Operations | 47,674.11 | 46,468.91 |
| Total Expenses | 47,576.66 | 46,047.14 |
| Profit Before Tax | 119.77 | 450.10 |
| Net Profit | 105.56 | 403.38 |
| Basic EPS (₹) | 2.42 | 9.61 |
| Quarterly Net Profit (Q4) | -31.52 | 38.28 |
| Quarterly Revenue (Q4) | 10,801.94 | 12,375.76 |
Standalone Financial Performance (FY26 vs FY25)
| Particulars | Year Ended 31.03.2026 (₹ Cr) | Year Ended 31.03.2025 (₹ Cr) |
| Total Revenue from Operations | 25.79 | 15.47 |
| Total Expenses | 22.92 | 25.03 |
| Profit Before Tax | 7.76 | (8.95) |
| Net Profit | 5.90 | (9.22) |
| Basic EPS (₹) | 0.17 | (0.27) |
| Quarterly Net Profit (Q4) | 10.17 | – |
