Max Financial Services reports massive profit growth of Rs 100 crore in Q2 FY26

ET BureauLast Updated: Oct 28, 2026, 06:23:00 AM IST

Synopsis

Max Financial Services recorded a substantial rise in net profit during the second quarter to ₹100 crore. This marks a significant increase from ₹5.9 crore in the same period last year. The company owns an 80% stake in Axis Max Life, contributing to its financial growth. Additionally, its value of new business rose 21% year-on-year, reaching ₹1,180 crore in H1 FY27.

Mumbai: Max Financial Services reported a multifold increase in net profit during the second quarter of the financial year to ₹100 crore up from ₹5.9 crore in the corresponding period of the last financial year.

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Max Financial owns 80% in Axis Max Life. The insurer saw VNB, a measure of profitability, rise 21% year-on-year to ₹1,180 crore in the H1 FY27, supported by an improved product mix and growth in protection and retirement segments.

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