Max Financial Services Returns to Profit in Fiscal Q4; Shares Up 3%

MT Newswires Live
14 May

Max Financial Services (NSE:MFSL, BOM:500271) posted an attributable consolidated profit of 313.1 million Indian rupees in the fiscal fourth quarter ended March 31, rebounding from a loss of 440.5 million rupees a year ago.

Earnings per share stood at 0.96 rupees, compared with a year-ago loss per share of 1.28 rupees, according to a Tuesday filing to the Indian stock exchanges by the financial services provider.

Revenue from operations in fiscal Q4 fell to 123.8 billion rupees from 148.9 billion rupees a year earlier.

The company's shares were up over 3% in recent trade.

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