Max Monetary Q3 Outcome: Max Monetary Q3 revenue jumps 41% to Rs 140 crore

Max Financial Q3 Result: Max Financial Q3 profit jumps 41% to Rs 140 crore

New Delhi: Max Monetary Providers Monday reported an increase of 41 per cent in standalone internet revenue at Rs 139.89 crore for the third quarter ended December 31, 2018.

The corporate’s internet revenue stood at Rs 99.45 crore within the year-ago quarter.

Throughout September quarter 2018-19, the corporate reported a internet lack of Rs 56.33 crore.

Whole revenue in the course of the newest quarter rose to Rs 176.57 crore as in opposition to Rs 131.43 crore in the identical interval of the previous fiscal, the corporate mentioned in a regulatory submitting.

Consolidated figures weren’t given by the corporate.

Throughout the newest quarter, Max Monetary acquired 14,170,817 shares of its subsidiary Max Life Insurance coverage Co Ltd(MLIC), from Axis Financial institution for Rs 162.96 crore, thereby rising its stake in MLIC from 70.75 per cent to 71.49 per cent, it mentioned within the submitting.

Inventory of the corporate was buying and selling 2.21 per cent down at Rs 387 on BSE.

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