Max Financial Services net profit declines 41% to Rs 47.65 crore in September quarter

Max Financial Services on Tuesday reported an over 41 per cent decline in its consolidated net profit to Rs 47.65 crore for the quarter ended September 30.

It had posted a net profit of Rs 81.06 crore in the year-ago period. Sequentially, it was up by 33 per cent from Rs 35.81 crore.

The total income increased to Rs 9,327.37 crore in the July-September period this fiscal, against Rs 7,020.11 crore a year ago, Max Financial Services said in a regulatory filing.

MFSL shares closed at Rs 1,000.60 apiece on BSE, up 0.08 per cent from the previous close.