NSE · Financial Services · Insurance - Life
EPS came in at 2.78 against a street estimate of 2.18 — a beat of 27.5%.
with an average price target of ₹2,014.72.
CONFIDENT Max Financial delivered strong Q1 FY27 with 17% individual APE growth, 23.2% VNB margins (up 300bps), and 33% VNB growth. Solvency healthy at 198% post-Axis infusion. Annuity and protection driving profitability; capital needs manageable 2–3 quarters. Q1 FY27 Geographic diversification emphasizes emerging markets and non-metro growth; Axis bank channel strong but competitive; newer partnerships gaining traction. Analysts pressed on margin sustainability amid yield curve risks, offline proprietary slowdown, commission regulation uncertainty, and capital/structure simplification timelines. Management emphasized protection mix durability, one-off offline cancellations, willingness to navigate regulatory uncertainty, and flexibility on capital plans pending RBC framework finalization. 2026-08-13…
Full summary in the app.
| Document | Date |
|---|---|
| Q1 FY27 earnings call MAX FINANCIAL SERVICES LIMITED – Q1 FY27 SUMMARY HEADLINE NUMBERS • Gross Written Premium (Axis Max Life): INR 10,610 crore, up 19% YoY • Revenue (M | 2026-08-20 |
| Investor presentation · Q1 FY27 MAX FINANCIAL SERVICES LIMITED — Q1 FY'27 INVESTOR SUMMARY HEADLINE NUMBERS • Consolidated Revenue (excluding investment income): Rs 7,289 cr, up 18 | 2026-08-13 |
| Quarterly results · Q1 FY27 MAX FINANCIAL SERVICES LIMITED – Q1 FY2026-27 RESULTS SUMMARY HEADLINE NUMBERS • Total Revenue from Operations: Rs. 14,969.51 crores (Q1 FY2026-27) | 2026-08-13 |
| Annual report FY2026 MAX FINANCIAL SERVICES LIMITED – FY 2025-26 SUMMARY HEADLINE NUMBERS • Embedded Value (EV): ₹28,871 crores (Axis Max Life Insurance - AMLI) • Operat | 2026-07-27 |
| Quarterly results · Q4 FY26 MAX FINANCIAL SERVICES LIMITED – DOCUMENT SUMMARY HEADLINE NUMBERS • No specific financial numbers provided in this document • Document dated May 26, | 2026-05-27 |
| Investor presentation · Q4 FY26 MAX FINANCIAL SERVICES LIMITED – FY'26 INVESTOR SUMMARY HEADLINE NUMBERS • Total APE (excluding Group Term Life): Rs 10,502 cr (FY'25: Rs 8,770 cr) | 2026-05-12 |
| Investor presentation · Q3 FY26 MAX FINANCIAL SERVICES LIMITED – INVESTOR SUMMARY HEADLINE NUMBERS • Total APE (9M FY'26): Rs 69.08 billion vs Rs 57.31 billion (9M FY'25) – 20% gro | 2026-03-18 |
| Q3 FY26 earnings call MAX FINANCIAL SERVICES LIMITED – Q3 & 9M FY '26 SUMMARY HEADLINE NUMBERS • Consolidated PAT (MFSL level): INR 137 crore for 9M FY '26 (lower than pr | 2026-02-18 |
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Google PlayApp StoreData updated 2026-09-18.