Max Financial Services shares surged 2.30% to Rs 1,635.00 in Monday's session, witnessing high volume, volume surge, and unusual volume, with the stock featuring among the top gainers on the Nifty Midcap 150.
The company's consolidated financial performance shows consistent revenue generation. The quarterly revenue figures were Rs 11,798.84 Crore for June 2024, Rs 13,372.39 Crore for September 2024, Rs 8,923.21 Crore for December 2024, Rs 12,375.76 Crore for March 2025, and Rs 12,821.65 Crore for June 2025. Net profit figures followed a similar trend, with Rs 155.94 Crore for June 2024, Rs 139.34 Crore for September 2024, Rs 69.81 Crore for December 2024, Rs 38.28 Crore for March 2025 and Rs 86.45 Crore for June 2025. Earnings per share (EPS) were reported as Rs 3.69, Rs 3.26, Rs 1.62, Rs 0.96 and Rs 2.03 for the respective quarters.
The annual financial performance provides a broader perspective. Revenue for the year ending March 2021 was Rs 31,273.90 Crore, increasing to Rs 31,181.14 Crore in March 2022, Rs 31,412.67 Crore in March 2023, Rs 46,576.23 Crore in March 2024, and Rs 46,468.91 Crore in March 2025. Net profit showed fluctuations, with Rs 559.75 Crore in March 2021, Rs 318.40 Crore in March 2022, Rs 451.89 Crore in March 2023, Rs 392.61 Crore in March 2024, and Rs 403.38 Crore in March 2025. The EPS figures were Rs 14.51, Rs 7.34, Rs 10.97, Rs 9.85 and Rs 9.61 for the corresponding years.
Key financial metrics for Max Financial Services are detailed below:
| Financial Year | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS (Rs) | BVPS (Rs) | ROE (%) | Debt to Equity |
|---|---|---|---|---|---|---|
| Mar 2021 | 31,273.90 | 559.75 | 14.51 | 104.47 | 12.72 | 0.00 |
| Mar 2022 | 31,181.14 | 318.40 | 7.34 | 129.95 | 6.43 | 0.00 |
| Mar 2023 | 31,412.67 | 451.89 | 10.97 | 115.49 | 10.75 | 0.15 |
| Mar 2024 | 46,576.23 | 392.61 | 9.85 | 127.16 | 8.79 | 0.13 |
| Mar 2025 | 46,468.91 | 403.38 | 9.61 | 153.57 | 6.20 | 0.00 |
The income statement for the year ending March 2025 shows sales of Rs 46,468 Crore, other income of Rs 28 Crore, and total income of Rs 46,497 Crore. Total expenditure amounted to Rs 45,999 Crore, resulting in an EBIT of Rs 494 Crore. Interest paid was Rs 47 Crore, and tax expenses were Rs 43 Crore, leading to a net profit of Rs 403 Crore.
| Particulars | Mar 2025 (Rs Crore) | Mar 2024 (Rs Crore) | Mar 2023 (Rs Crore) | Mar 2022 (Rs Crore) | Mar 2021 (Rs Crore) |
|---|---|---|---|---|---|
| Sales | 46,468 | 46,576 | 31,412 | 31,181 | 31,273 |
| Other Income | 28 | 42 | 18 | 6 | 14 |
| Total Income | 46,497 | 46,618 | 31,431 | 31,187 | 31,288 |
| Total Expenditure | 45,999 | 46,159 | 30,866 | 30,774 | 30,694 |
| EBIT | 494 | 458 | 564 | 413 | 593 |
| Interest | 47 | 43 | 37 | 24 | 0 |
| Tax | 43 | 22 | 75 | 70 | 33 |
| Net Profit | 403 | 392 | 451 | 318 | 559 |
The company’s balance sheet for the year ending March 2025 shows a share capital of Rs 68 Crore and reserves & surplus of Rs 5,205 Crore. Current liabilities are reported at Rs 182,399 Crore, and other liabilities at Rs 2,324 Crore, resulting in total liabilities of Rs 189,998 Crore. The assets side includes fixed assets of Rs 84 Crore, current assets of Rs 187,609 Crore, and other assets of Rs 2,304 Crore, with total assets matching the total liabilities at Rs 189,998 Crore.
As per the information available till August 12, 2025, Max Financial Services has made announcements under Regulation 30 (LODR), including newspaper publications and intimation of analyst/investor meets.
The company has announced dividends in the past, with the latest being a final dividend of Rs 1.80 per share (90%) announced on May 31, 2016, and effective from September 19, 2016. Other dividends include an interim dividend of Rs 1.80 per share (90%) announced on November 6, 2015, and a final dividend of Rs 1.00 per share (50%) announced on May 27, 2015.
A bonus issue was announced on April 8, 2000, with an existing ratio of 1:1 and a record date of May 27, 2000.
A rights issue was announced on October 26, 1995, with an existing ratio of 10:1 and a record date of December 1, 1995.
The company underwent a stock split on January 24, 2007, with the old face value of Rs 10 being split into a new face value of Rs 2.
Moneycontrol analysis, as of August 11, 2025, indicates a bullish sentiment for the stock.
With the stock currently trading at Rs 1,635.00, Max Financial Services has demonstrated significant trading activity and financial performance.
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