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Max Financial Services (MFSL) gained 1.26% to Rs 737.90 after the companys consolidated net profit jumped 53.9% to Rs 227.13 crore on a 67.5% rise in total income at Rs 8,990.28 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) surged 57.7% to Rs 279.54 crore in Q3 December 2020 as against Rs 177.25 crore in Q3 December 2019. Current tax expenses for the quarter soared 73.7% to Rs 50.38 crore as against Rs 29 crore in Q3 December 2019. The Q3 result was decla...

Max Financial Services Ltd reports Q3FY21 earnings Posted On: 2021-02-09 01:16:03 (Time Zone: Arizona, USA) Max Financial Services Ltd. (MFSL) today announced its financial results for the quarter ended December 31st, 2020. In Q3 FY21, MFSLs consolidated revenues were at Rs. 8,990 Cr., growing 68% year-on-year due to higher investment income. Consolidated PAT grew 54% to Rs. 227 Cr. In Q3 FY21, MFSLs sole subsidiary Max Life reported Gross written premium of Rs. 4,629 Cr, Up 19% over the p...

Synopsis LIC’s NBP declined more than 35% to ₹12,092.66 crore against ₹18,770 crore in the same period last year, the data showed. Meanwhile, private insurers saw their NBP fall by 5.15 % to ₹7,066.65 crore. Agencies According to experts, a lower base in FY22 due to the impact of the lockdown on the sales of life insurance products could paint a better picture for the industry. Mumbai: A slow month of business from state-owned insurance behemoth Life Insurance Corp of India (LIC) has l...