Max Financial Services Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Max Financial Services has announced a board meeting on the financial results for the quarter and half-year. The Group posted consolidated revenue of Rs. 46,468.9 Cr and a PAT of Rs. 403.4 Cr, marginally higher than last year’s Rs. 392.6 Cr. Axis Max Life Insurance, the key subsidiary (81% owned), delivered strong policyholder income of Rs. 45,854.8 Cr and raised Rs. 500 Cr via 10-year subordinated NCDs at 8.34%. Max Life Pension Fund Management has exited operations with assets transferred out. Axis Max Life’s embedded value stands at Rs. 25,192 Cr with new business value of Rs. 2,107 Cr.