Max Financial Services Financial Results
- Market cap
- ₹46,174 crore
- P/E
- 420.2
- P/B
- 8.74
- ROE
- 1.6%
- Dividend yield
- 1.20%
For the year ended Mar 2020, Max Financial Services reported revenue of ₹18,240 crore and net profit of ₹273 crore, against ₹31,274 crore and ₹560 crore a year earlier.
Max Financial Services annual profit and loss
Financial years, newest first. TTM = trailing twelve months.
| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18,240 | 31,274 | 31,181 | 31,328 | 46,494 | 46,396 | 47,591 | 49,823 |
| Expenses | 17,788 | 30,690 | 30,769 | — | — | — | — | — |
| Operating profit | 452 | 584 | 412 | — | — | — | — | — |
| Operating margin % | 2% | 2% | 1% | — | — | — | — | — |
| Other income | 2 | 14 | 6 | — | — | — | — | — |
| Interest | 0 | 0 | 25 | 0 | 29 | 33 | 37 | 147 |
| Depreciation | 11 | 5 | 5 | 178 | 213 | 238 | 335 | 133 |
| Profit before tax | 442 | 593 | 389 | 527 | 416 | 450 | 120 | 156 |
| Tax % | 38% | 6% | 18% | 14% | 5% | 10% | 13% | 13% |
| Net profit | 273 | 560 | 318 | 452 | 393 | 403 | 106 | 137 |
| EPS (₹) | 4.20 | 12.33 | 7.34 | 10.97 | 9.90 | 9.53 | 2.45 | 3.20 |
| Dividend payout % | — | — | — | — | — | — | — | — |
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Max Financial Services financial results — frequently asked questions
What is Max Financial Services' annual revenue and net profit?
For the financial year ended Mar 2020, Max Financial Services' revenue was ₹18,240 crore and net profit ₹273 crore; net profit fell 51.25% from ₹560 crore in Mar 2021.
How fast has Max Financial Services grown over three years?
From Mar 2023 to Mar 2020, Max Financial Services' revenue grew at a compound annual rate of -16.5% and net profit at -15.5%. Past growth does not indicate future results.
What is the EPS of Max Financial Services?
Annual EPS for Mar 2020 was ₹4.20.
Are these figures consolidated or standalone?
They are consolidated figures as reported by the company, in ₹ crore. Trailing-twelve-month and half-year columns are labelled separately and are not counted as financial years.
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