/images/ppid_59c68470-image-176364757730024046.webp)
What is the story about?
Max Ventures Investment Holdings is likely to sell a 0.46% stake in Max Financial Services Ltd in a block deal worth up to ₹270 crore. The floor price for the transaction has been fixed at ₹1,675.7 per share, representing a discount of up to 1% to the last closing price.
Second quarter results
Max Financial Services reported a steep 96% year-on-year decline in net profit at ₹4.1 crore for Q2FY26, compared to ₹113 crore in the same quarter last year. The drop was largely due to lower earnings from its life insurance arm, Axis Max Life.
Also Read: Max Financial arm Axis Max Life gets anonymous tip claiming data breach
Net interest income (NII) grew 13.9% YoY to ₹131 crore from ₹115 crore, even as the life insurance segment revenue fell to ₹9,790.7 crore from ₹13,370.5 crore a year ago. The segment’s profit also declined sharply to ₹23.7 crore from ₹170.8 crore.
Shares of Max Financial Services Ltd ended at ₹1,698, up by ₹30.45, or 1.83%, on the BSE today, November 20.
Also Read: Max Financial Q4 Results: Earnings broadly in line with estimates, retail APE up 11% YoY
Second quarter results
Max Financial Services reported a steep 96% year-on-year decline in net profit at ₹4.1 crore for Q2FY26, compared to ₹113 crore in the same quarter last year. The drop was largely due to lower earnings from its life insurance arm, Axis Max Life.
Also Read: Max Financial arm Axis Max Life gets anonymous tip claiming data breach
Net interest income (NII) grew 13.9% YoY to ₹131 crore from ₹115 crore, even as the life insurance segment revenue fell to ₹9,790.7 crore from ₹13,370.5 crore a year ago. The segment’s profit also declined sharply to ₹23.7 crore from ₹170.8 crore.
Shares of Max Financial Services Ltd ended at ₹1,698, up by ₹30.45, or 1.83%, on the BSE today, November 20.
Also Read: Max Financial Q4 Results: Earnings broadly in line with estimates, retail APE up 11% YoY
