Max Financial Services Ltd hits 52-week high on strong Q3 results
February 10, 2021
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On the NSE, it was trading at ₹792.60, up ₹54.55 or 7.39 per cent. It hit a 52-week high of ₹798.95
The shares of Max Financial Services Ltd. (MFSL) hit fresh highs on Wednesday after the company recorded a strong performance in Q3 FY21.
At 11:40 am, the company was trading at ₹792.65 on the BSE, up ₹54.75 pr 7.42per cent. It hit a 52-week high of ₹798.75. It opened at ₹749.90 as against the previous close of ₹737.90. On the NSE, it was trading at ₹792.60, up ₹54.55 or 7.39 per cent. It hit a 52-week high of ₹798.95.
The company on Tuesday announced its financial results for the quarter ended December 31, 2020. The company recorded a consolidated Profit After Tax (PAT) ₹227 crore, up 54 per cent year-on-year in Q3. MFSL’s consolidated revenues were up 68 per cent YoY at ₹8,990 crore due to higher investment income.
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, MFSL s 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, MFSL s sole subsidiary Max Life reported Gross written premium of Rs. 4,629 Cr, Up 19% over the previous year. Shareholders PAT of Rs. 220 Cr, up 43% over the previous year, due to higher investment income and reserve release due to hedging of in-force Protection business.
Read more about Financials shares rise on Business Standard. Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 68.12 points or 1% at 6866.88 at 09:48 IST.
Read more about Volumes soar at Max Financial Services Ltd counter on Business Standard. Max Financial Services Ltd recorded volume of 1.73 lakh shares by 10:48 IST on BSE, a 3.51 times surge over two-week average daily volume of 49210 shares