MFSL Max Financial Services Q3 FY25 results (Oct–Dec 2024) and concall
Max Financial Services reported a robust Q3 FY25, with individual adjusted first-year premium growing 25% in 9M FY25, significantly outperforming the industry. The company successfully navigated the impact of new surrender guidelines, limiting the margin impact to 100 basis points, while improving its Net Promoter Score to 61. However, VNB margins were slightly lower at 23.2% in Q3 due to product mix shifts towards ULIPs and a 9% degrowth in 9-month profit before tax for Axis Max Life. The company remains focused on rebalancing its product mix and achieving sustainable growth.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 4 | 4 |
| EBITDA | -2 | -2 |
| Net profit | -2 | -2 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
