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Max Financial Services Ltd posts consolidated Q1FY22 net profit of Rs 21 19 crores
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Cambridge Bancorp Announces First Quarter 2021 Earnings and Increases Quarterly Dividend by 11%
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CAMBRIDGE, Mass., April 21, 2021 /PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the Company ), the parent company of Cambridge Trust Company (the Bank ), today announced unaudited net income of $13,499,000 for the quarter ended March 31, 2021, an increase of $485,000, or 3.7%, as compared to net income of $13,014,000 for the quarter ended December 31, 2020. Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 3.4% increase over diluted earnings per share of $1.86 for the quarter ended December 31, 2020.
First quarter 2021 highlights:
Financial performance ratios for the quarter ended March 31, 2021 were strong with Return on Average Assets ( ROA ) of 1.35% and Operating Return on Tangible Common Shareholders Equity ( ROTCE ) of 15.65%.
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.
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