Max Financial Services drops 2% post disappointing Q4 results; net profit plunges 64%
Max Financial Services Ltd stock has given a return of 34.42 percent over the last 5 years. Thus, underperforming the benchmark Nifty50 index which has given a return of 73.47 percent over the same duration.
Max Financial Services Ltd - 500271 - Disclosure Under Listing Regulations -Grant Of Options
We would like to inform you that the Nomination and Remuneration Committee of the Co. had granted 2,00,973 Options on May 12, 2023 to Mr. Prashant Tripathy, Managing Director & CEO of Max Life Insurance Company Limited, 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 of Rs. 2/- each of the Company at an exercise price of Rs. 632.99 per option. Kindly note that no fresh issue of shares will be made by the Co and that Option-holder is entitled to acquire the equity shares of Rs. 2/- each on exercise of options, by way of transfer, from the ESOP Trust, from time to time, by paying the Exercise Price of Rs 632.99 per option to ESOP Trust.
Max Financial Services profit slumps 64% to Rs 52 crore in Jan-Mar quarter
Max Financial Services Ltd (MFSL) on Friday reported a 64 per cent decline in consolidated net profit at Rs 52 crore for the last quarter of 2022-23. The company had reported a net profit of Rs 144 crore in the January-March period a year ago. The company registered consolidated revenue of Rs 9,929 crore in the quarter from Rs 8,960 crore in Q4FY23, MFSL said in a regulatory filing. Total expanses of the firm rose to Rs 9,876 crore as against Rs 8,809 crore a year ago, it said. For the full year FY23, its net profit jumped by 42 per cent to Rs 451 crore as against Rs 318 crore in the previous financial year. MSFL owns an 87 per cent stake in Max Life Insurance and has collected a total new business premium (individual and group) of Rs 8,960 crore. In addition, the renewal premium income (including group) grew 13 per cent to Rs 16,382 crore, taking the gross premium to Rs 25,342 crore, an increase of 13 per cent over the previous financial year. Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
As per the disclosure attached Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
As per the disclosure attached Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
As per the disclosure attached Max Financial Services Ltd - 500271 - Appointment of Company Secretary and Compliance Officer
As per the disclosure attached
