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Max Financial Services jumps on reporting over 2-fold jump in Q4 consolidated net profit
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Max Financial Services is currently trading at Rs. 727.30, up by 26.25 points or 3.74% from its previous closing of Rs. 701.05 on the BSE.
The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 743.50 and Rs. 718.25 respectively. So far 40749 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1147.90 on 29-Jul-2021 and a 52 week low of Rs. 697.05 on 09-May-2022.
Last one week high and low of the scrip stood at Rs. 743.50 and Rs. 697.05 respectively. The current market cap of the company is Rs. 25101.92 crore.
The promoters holding in the company stood at 14.72%, while Institutions and Non-Institutions held 77.28% and 8.00% respectively.
Max Financial Services has reported a net loss of Rs 0.90 crore for the quarter ended March 31, 2022 as compared to net profit of Rs 75.60 crore for the same quarter in the previous year. Total income of the company decreased by 93.70% at Rs 15.33 crore for Q4FY22 as compared Rs 243.46 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over two-fold jump in its net profit at Rs 144 crore for the quarter ended March 31, 2022 as compared to Rs 70.03 crore for the same quarter in the previous year. However, total income of the company decreased by 8.18% at Rs 8,962.31 crore for Q4FY22 as compared Rs 9,760.31 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 3.42% in its net profit at Rs 102.62 crore as compared to Rs 99.23 crore for the previous year. However, total income of the company decreased by 34.36% at Rs 202.06 crore for year under review as compared to Rs 307.81 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 43.12% in its net profit at Rs 318.40 crore as compared to Rs 559.75 crore for the previous year. Total income of the company decreased by 0.32% at Rs 31,187.58 crore for year under review as compared to Rs 31,288.02 crore for year ended March 31, 2021.
