Max Financial Services profit and loss

Latest FY26

Revenue: ₹47,674cr+2.6% on FY25
EBITDA: ₹212cr−55.2% on FY25
Net profit: ₹106cr−73.8% on FY25
EPS: ₹2.45−74.3% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Expenses
	51,631	47,674	46,469	46,576	31,413	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	23.3	22.3	28.3	42.1	18.4
	51,655	47,696	46,497	46,618	31,431
	44.9	45.0	28.2	35.1	29.2
	137	112	47.4	43.6	37.5
	2.0	2.3	2.9	3.2	4.6
	51,212	47,419	45,970	46,127	30,833
	51,396	47,577	46,047	46,203	30,904
	374	212	472	420	551
	372	209	469	416	546
Profit
	259	120	450	415	527
	259	120	450	415	527
	45.8	43.3	40.2	15.2	80.3
	−17.2	−27.9	3.1	7.0	−5.0
	28.5	15.3	43.4	22.2	75.3
	232	106	403	393	452
	230	104	407	393	452
	1.7	1.1	−3.4	0.0	0.0
	−69.5	−70.1	24.8	2.1	−8.0
	162	35.5	428	395	444
	—	84.0	327	340	378
	37.9	21.6	76.2	52.5	73.4
Per share
	₹5.41	₹2.45	₹9.53	₹9.85	₹10.97
	₹5.41	₹2.45	₹9.53	₹9.85	₹10.97
Revenue detail — as filed
	0.0	0.0	0.5	5.6	4.3
	7.6	7.6	7.1	6.8	6.5
	6.7	6.1	6.3	3.2	3.1
	−25.0	−15.2	78.3	73.6	39.3
	—	47,038	—	—	—
Expense detail — as filed
	0.3	−1.2	−1.4	−4.9	−0.6
Continuing & discontinued operations
	2.1	1.5	−3.0	0.0	0.0
	0.4	0.4	0.3	0.0	0.0
Other comprehensive income — detail
	−69.5	−70.1	24.8	2.1	−8.0
	−0.1	0.1	—	−0.1	−0.1
	0.0	0.0	0.1	—	—
	—	—	—	−0.0	−0.0
	−81.2	−82.2	—	2.6	−9.3
	−11.8	−12.0	−24.8	—	—
	—	—	—	0.4	−1.4
	—	27.2	347	342	372
	—	8.2	80.9	52.8	71.8
Per share — as-filed variants
	₹5.37	₹2.42	₹9.61	₹9.85	₹10.97
	₹5.37	₹2.42	₹9.61	₹9.85	₹10.97
	₹0.04	₹0.03	−₹0.08	₹0.00	₹0.00
	₹0.04	₹0.03	−₹0.08	₹0.00	₹0.00
Adjusted (ex-exceptional items) — derived
	259	120	450	415	527
	232	106	403	393	452
	₹5.41	₹2.45	₹9.53	₹9.85	₹10.97

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MFSL₹1,212.00

Max Financial Services Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersHDFCLIFE SBILIFE ICICIPRULI INDIANB IDFCFIRSTB ICICIGI FEDERALBNK PAYTMMcap ₹41,608 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Revenue from Operations	31,412.7	46,576.2	46,468.9	47,674.1	51,631.5
Other Income	18.4	42.1	28.3	22.3	23.3
Total Income	31,431.1	46,618.3	46,497.2	47,696.4	51,654.7
Expenses
+ Employee Benefit Expense	29.2	35.1	28.2	45.0	44.9
+ Finance Costs	37.5	43.6	47.4	111.9	136.9
+ Depreciation & Amortisation	4.6	3.2	2.9	2.3	2.0
+ Other Expenses	30,833.1	46,126.5	45,970.1	47,418.7	51,212.0
Total Expenses	30,903.9	46,203.5	46,047.1	47,576.7	51,396.1
EBITDA	550.9	419.6	472.0	211.6	374.3
EBIT	546.3	416.4	469.1	209.3	372.3
Profit
PBT before Exceptional Items	527.2	414.8	450.1	119.8	258.7
Pretax Income	527.2	414.8	450.1	119.8	258.7
+ Current Tax	80.3	15.2	40.2	43.3	45.8
+ Deferred Tax	-5.0	7.0	3.1	-27.9	-17.2
Tax Expense	75.3	22.2	43.4	15.3	28.5
Net Income	451.9	392.6	403.4	105.6	231.8
+ Net Income — Continuing Ops	451.9	392.6	406.7	104.4	230.1
+ Net Income — Discontinued Ops	0.0	0.0	-3.4	1.1	1.7
+ Other Comprehensive Income	-8.0	2.1	24.8	-70.1	-69.5
Total Comprehensive Income	443.9	394.7	428.2	35.5	162.3
Net Income to Common	378.5	340.1	327.2	84.0	—
Minority Interest	73.4	52.5	76.2	21.6	37.9
Per Share
Basic EPS	10.97	9.85	9.53	2.45	5.41
Diluted EPS	10.97	9.85	9.53	2.45	5.41
Revenue Detail — as filed
+ Sale of Services	4.3	5.6	0.5	0.0	0.0
+ Rental Income	6.5	6.8	7.1	7.6	7.6
+ Dividend Income	3.1	3.2	6.3	6.1	6.7
+ Net Gain on Fair Value Changes	39.3	73.6	78.3	-15.2	-25.0
+ Other Operating Revenue	—	—	—	47,038.1	—
Expense Detail — as filed
+ Impairment on Financial Instruments	-0.6	-4.9	-1.4	-1.2	0.3
Continuing & Discontinued Operations
+ Discontinued Operations — before Tax	0.0	0.0	-3.0	1.5	2.1
+ Tax — Discontinued Operations	0.0	0.0	0.3	0.4	0.4
Other Comprehensive Income — detail
+ Other Comprehensive Income	-8.0	2.1	24.8	-70.1	-69.5
+ Items NOT to be Reclassified to P&L	-0.1	-0.1	—	0.1	-0.1
+ Tax on Items NOT to be Reclassified	—	—	0.1	0.0	0.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.0	-0.0	—	—	—
+ Items to be Reclassified to P&L	-9.3	2.6	—	-82.2	-81.2
+ Tax on Items to be Reclassified	—	—	-24.8	-12.0	-11.8
+ Tax on Items to be Reclassified — alt tag	-1.4	0.4	—	—	—
Comprehensive Income — Owners of Parent	372.1	341.9	347.3	27.2	—
Comprehensive Income — Non-controlling Interests	71.8	52.8	80.9	8.2	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	10.97	9.85	9.61	2.42	5.37
Diluted EPS — Continuing Operations	10.97	9.85	9.61	2.42	5.37
Basic EPS — Discontinued Operations	0.00	0.00	-0.08	0.03	0.04
Diluted EPS — Discontinued Operations	0.00	0.00	-0.08	0.03	0.04
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	527.2	414.8	450.1	119.8	258.7
Net Income Adj (tax-effected)	451.9	392.6	403.4	105.6	231.8
EPS Adj	10.97	9.85	9.53	2.45	5.41
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00
Interest Earned	302.1	370.3	521.9	637.5	691.7
Paid Up Equity Capital	68.7	68.7	68.7	68.7	68.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.