Max Financial Services Ltd
Max Financial Services Ltd (MFSL) last traded at ₹1,586, a market capitalisation of ₹54,720 crore, on a P/E of 504. Over the past 52 weeks the stock has ranged between ₹1,408 and ₹1,892. Max Financial Services Ltd last reported results for the quarter ended Jun 2026, with sales of ₹14,970 crore and net profit of ₹118 crore. Figures are as of 25 Aug 2026 and are not real time.
Max Financial Services Ltd share price and key metrics
Metrics as of 25 Aug 2026. Not real time.
Max Financial Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹14,970 cr, up 16.8% from ₹12,822 cr a year earlier. Net profit was ₹118 cr, up 37.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13,372 | 8,923 | 12,376 | 12,822 | 9,792 | 14,259 | 10,802 | 14,970 |
| Expenses | 13,199 | 8,834 | 12,356 | 12,703 | 9,771 | 14,181 | 10,808 | 14,803 |
| Operating profit | 173 | 89 | 20 | 119 | 21 | 78 | -6 | 167 |
| OPM % | 1.3% | 1.0% | 0.2% | 0.9% | 0.2% | 0.6% | -0.1% | 1.1% |
| Other income | 2 | 3 | 18 | 3 | 7 | 9 | 5 | 7 |
| Interest | 13 | 10 | 15 | 20 | 21 | 36 | 35 | 36 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | 162 | 81 | 22 | 101 | 6 | 50 | -36 | 138 |
| Tax % | 14% | 14% | -73% | 14% | 6% | 11% | -13% | 14% |
| Net profit | 139 | 70 | 38 | 86 | 6 | 45 | -32 | 118 |
| EPS (₹) | 3.26 | 1.62 | 0.91 | 2.02 | 0.12 | 1.06 | -0.76 | 2.77 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Max Financial Services Ltd annual results
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 31,275 | 31,182 | 31,415 | 46,576 | 46,469 | 47,674 | 49,822 |
| Operating profit | 585 | 413 | 554 | 426 | 476 | 212 | 260 |
| OPM % | 1.9% | 1.3% | 1.8% | 0.9% | 1.0% | 0.4% | 0.5% |
| Net profit | 560 | 318 | 452 | 393 | 403 | 106 | 137 |
| EPS (₹) | 12.33 | 7.34 | 10.97 | 9.85 | 9.48 | 2.43 | 3.19 |
TTM is the trailing twelve months to the most recent quarter.
Max Financial Services Ltd growth and returns
- 10 Years
- 15%
- 5 Years
- 9%
- 3 Years
- 15%
- TTM
- 5%
- 10 Years
- -11%
- 5 Years
- -28%
- 3 Years
- -40%
- TTM
- -60%
- 10 Years
- 11%
- 5 Years
- 9%
- 3 Years
- 20%
- 1 Year
- -5%
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 6%
- Last Year
- 2%
Max Financial Services Ltd shareholding pattern
Promoters held 1.25% at Jun 2026, broadly unchanged since Jun 2025. FIIs 48.06% and DIIs 44.34%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 3.34% | 3.34% | 1.74% | 1.74% | 1.71% | 1.25% | 1.25% | 1.25% |
| FIIs | 46.23% | 47.50% | 44.75% | 44.71% | 44.78% | 45.13% | 47.88% | 48.06% |
| DIIs | 43.99% | 42.69% | 47.29% | 47.29% | 47.26% | 47.35% | 44.74% | 44.34% |
| Public | 6.42% | 6.47% | 6.21% | 6.25% | 6.24% | 6.26% | 6.11% | 6.35% |
| No. of shareholders | 65,804 | 68,531 | 68,062 | 80,467 | 76,239 | 75,636 | 77,069 | 80,336 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Max Financial Services Ltd corporate filings
- Disclosure Under The Extant Provisions Of The SEBI (Listing Obligations And Disclosure Requirements Regulations), 2015 ('SEBI Listing Regulations') On Receipt Of Final Order From SEBI In Relation To The Show Cause Notice Issued On October 24, 2024Company Updatehigh impact
Cruxal's analysis: Max Financial Services Limited has announced that SEBI has issued a final order dated…
Read the full analysis - Announcement under Regulation 30 (LODR)-Newspaper PublicationCompany Updatelow impact
Cruxal's analysis: Max Financial Services Ltd has fulfilled its regulatory obligation under Regulation 30 of…
Read the full analysis - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptCompany Updatehigh impact
Cruxal's analysis: Max Financial Services reported a robust Q1 FY27, with individual adjusted first-year…
Read the full analysis - Scrutinizer Report and Voting Results of the 38th Annual General Meeting of the Company held on August 19, 2026AGM/EGMlow impact
Cruxal's analysis: Max Financial Services Limited has successfully concluded its 38th Annual General Meeting…
Read the full analysis - Summary of the proceedings of the Thirty-eighth Annual General Meeting of the Company held on August 19, 2026AGM/EGMlow impact
Cruxal's analysis: Max Financial Services Limited has successfully concluded its 38th Annual General Meeting…
Read the full analysis - Newspaper publications of unaudited financial results for the quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Max Financial Services Limited has formally published its unaudited standalone and…
Read the full analysis - Submission Of Link To The Audio Recording Of Earnings Conference CallCompany Updatelow impact
Cruxal's analysis: Max Financial Services Limited has formally submitted the audio recording of its earnings…
Read the full analysis - Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR')Company Updatelow impact
Cruxal's analysis: Max Financial Services Ltd has submitted a disclosure under Regulation 30 of the SEBI…
Read the full analysis - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseCompany Updatelow impact
Cruxal's analysis: Max Financial Services Ltd has issued a press release under Regulation 30 of the LODR…
Read the full analysis - Announcement under Regulation 30 (LODR)-Investor PresentationCompany Updatehigh impact
Cruxal's analysis: Max Financial Services Limited (MFSL) reported a strong performance for the quarter ended…
Read the full analysis - Approval of unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026Board Meetinghigh impact
Cruxal's analysis: Max Financial Services Limited reported a consolidated net profit of 118.29 crore for the…
Read the full analysis - Disclosure Under The Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The CompanyCompany Updatelow impact
Cruxal's analysis: Max Financial Services has submitted a routine disclosure under Regulation 30 of SEBI…
Read the full analysis - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCompany Updatelow impact
Cruxal's analysis: Max Financial Services Ltd has issued an intimation regarding an upcoming…
Read the full analysis - Disclosure Under The Extant Provisions Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR') Regarding Axis Max Life Insurance Limited ('Axis Max Life'), The Material Subsidiary Of The CompanyCompany Updatelow impact
Cruxal's analysis: Max Financial Services Ltd. has submitted a disclosure under Regulation 30 of SEBI…
Read the full analysis - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCompany Updatelow impact
Cruxal's analysis: Max Financial Services Ltd. has announced its intention to conduct an Analyst/Investor…
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