MFSL

What Max Financial Services promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 2 delivered 4 missed 5 open
  • ULIP Share in Product Mix went quiet said Q3 FY25 Promised: range bound in the range of about 35 to 40% Q1 FY27: The product mix for the quarter was not disclosed.
  • Operating ROEV at risk said Q2 FY26 Promised: range of 18%, 19% over next 2-3 years Q1 FY27: Annualized Operating ROEV declined to 14.9%, moving away from the target range.
  • Growth vs Market on track said Q3 FY25 Promised: 300 to 500 basis points faster than the market Q1 FY27: Individual adjusted first year premium grew by 17%, outperforming both the private sector and the overall industry growth. Specific outperformance bps not provided.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 11 tracked commitments for Max Financial Services — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens