Max Financial Services zooms on reporting 48% rise in Q1 consolidated net profit
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Max Financial Services is currently trading at Rs. 877.60, up by 87.80 points or 11.12% from its previous closing of Rs. 789.80 on the BSE.
The scrip opened at Rs. 818.00 and has touched a high and low of Rs. 885.90 and Rs. 818.00 respectively. So far 310197 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 885.90 on 10-Aug-2023 and a 52 week low of Rs. 599.30 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 885.90 and Rs. 754.00 respectively. The current market cap of the company is Rs. 30228.60 crore.
The promoters holding in the company stood at 10.15%, while Institutions and Non-Institutions held 82.80% and 7.05% respectively.
Max Financial Services has reported net loss at Rs 2.37 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to net profit of Rs 1.76 crore for the same quarter in the previous year. Total income of the company decreased by 60% at Rs 5.12 crore for Q1FY24 as compared Rs 12.80 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 47.68% rise in its net profit at Rs 101.13 crore for the first quarter ended June 30, 2023 as compared to Rs 68.48 crore for the same quarter in the previous year. Total income of the company reported over 2- fold jump at Rs 9171.46 crore for Q1FY24 as compared Rs 3275.89 crore for the corresponding quarter previous year.
