Max Financial Services Reports Q2 Net Profit at Rs 100 Cr

New Delhi: Max Financial Services on Tuesday reported a profit of Rs 100 crore for the second quarter ended September 30, up from Rs 5.87 crore in the corresponding period in the previous fiscal.

Its total income rose to Rs 11,605 crore for the July-September quarter of FY27 from Rs 9,799 crore in the second quarter of FY26.

In a statement, Max Financial Services said it has recorded consolidated revenue, excluding investment income, at Rs 17,484 crore that grew by 16 per cent year-on-year in H1 FY27.

The consolidated revenue, including investment income, rose 17 per cent to Rs 26,582 crore, while consolidated PAT stood at Rs 219 crore in H1 FY27, up by 137 per cent.

Axis Max Life also delivered robust renewal performance, with renewal premium growing 18 per cent year-on-year to Rs 11,247 crore in H1 FY27.

Consequently, gross written premium increased 17 per cent to Rs 18,066 crore, reflecting the strength of the company’s franchise and customer engagement.

Axis Max Life MD and CEO Sumit Madan said the company’s H1 FY27 performance reflects the strength of our distribution franchise, disciplined execution, and continued focus on delivering sustainable, customer-centric growth.

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