Max Financial and GMR Airport among 10 companies with highest promoter pledged holdings
Top 10 companies that stand at highest pledged holdings by promoters as a percentage of their holding, compiled by Kotak Equities.09-05-2024
09-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Max Financial Services Ltd.
Life Insurance company Max Financial Services announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated revenue: Rs 14,899 crore, grew by 50% YoY. Individual Adjusted First Year Premium saw an increase of 10%, compared to 2% growth in the private sector, leading to market share gain by 73 bps to 10.4%. New Business Margin (NBM): 28.6%. Value of New Business (VNB): Rs 1,973 crore, grew 1%. Operating Return on Embedded Value (RoEV): 20.2%. Assets under management (AUM): crossed Rs 1.5 lakhs crore to Rs 1,50,836 crore as on March 31, 2024, up 23% over the previous year. FY24 Financial Highlights: New Business Premium: Rs 11,023 crore, up 23%; Max Life’s private market share expanded by 61 bps, Proprietary channels grew by 28%. Gross Premium: Rs 29,529 crore, up 17% YoY Embedded Value at Rs 19,494 crore; Operating RoEV of 20.2% New Business Margin (NBM) at 26.5% with Value of New Business at Rs 1,973 crore Individual sum assured grew by 33%. Axis Bank infuses Rs 1,612 crore in Max Life and increase its stake to 19.02%. Prashant Tripathy, CEO and Managing Director, Max Life Insurance Company Limited, said, “Max Life's performance in FY24 reflects our commitment to excellence and innovation. We achieved a strong 16% YoY growth, exceeding the private industry's 8% growth. Our success stems from our consistent focus on scaling our proprietary channels, maintaining partnerships, expanding distribution with new partners, and strengthening our presence into untapped sub-categories of protection and retirement. Committed to delivering value for customers, shareholders, and partners, our clear vision propels us to be a leading force in shaping financial security's future.” Result PDF08-05-2024
Max Financials Q4 Results Review - Continues To Prove It Is The Growth Champion: Yes Securities
Reiterate as top life insurer pick08-05-2024
Max Financial Services Ltd - 500271 - Submission Of Audio Recording Of Earnings Conference Call
As per the disclosure attached07-05-2024
Max Financial Services Ltd - 500271 - Re-Appointment Of M/S MGC Global Risk Advisory LLP As Internal Auditors Of The Company For The Financial Year 2024-25.
As per the disclosure attached.07-05-2024
Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Investor Presentation
As per the Investor Release attached07-05-2024
Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
As per the Press Release attached07-05-2024
Max Financial Services Ltd - 500271 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
As per the disclosure attached.01-05-2024