Max Financial Services Ltd., included within the yr 1988, is a Mid Cap firm (having a market cap of Rs 35330.35 Crore) working in Financial Services sector.
For the quarter ended 31-03-2021, the corporate reported a Consolidated Total Income of Rs 9760.31 Crore, up 8.57 % from final quarter Total Income of Rs 8990.28 Crore and up 128.81 % from final yr identical quarter Total Income of Rs 4265.64 Crore. Company reported web revenue after tax of Rs 70.03 Crore in newest quarter.
The brokerage count on 22% CAGR in APE development over FY21-23E, with VNB margin enhancing to 26.8% by FY23E. This would allow 26% VNB CAGR over FY21-23E, whereas working RoEV sustains ~22%.
Promoters held 17 per cent stake within the firm as of March 31, 2021, whereas FIIs held 23.1 per cent, DIIs 51.4 per cent and public and different 8.5 per cent.
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