Max Financial Q3 profit soars 41% to ₹140 crore

Max Financial Services on Monday reported a rise of 41% in stand-alone net profit at ₹139.89 crore for the third quarter ended December 31, 2018. The company’s net profit stood at ₹99.45 crore in the year-ago quarter. During September quarter 2018-19, the company reported a net loss of ₹56.33 crore. Total income during the latest quarter rose to ₹176.57 crore as against ₹131.43 crore in the same period of the preceding fiscal, the company said in a regulatory filing. Consolidated figures were not given by the company. Stock of the company closed 4.38% down at ₹378.40 on the BSE on Monday.