Max Financial Services Limited (NSE:MFSL)

Revenue by Segment

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Life Insurance	476.71B	464.64B	465.66B	313.71B	311.42B
Life Insurance Growth	2.60%	-0.22%	48.44%	0.73%	-0.38%
Business Investments	387.10M	256.61M	303.18M	646.84M	2.00B
Business Investments Growth	50.85%	-15.36%	-53.13%	-67.61%	-34.82%
Inter Segment Elimination (Net)	-360.90M	-207.19M	-204.14M	-229.20M	-1.61B
Total	476.74B	464.69B	465.76B	314.13B	311.81B
Total Growth	2.59%	-0.23%	48.27%	0.74%	-0.30%

Revenue by Geography

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
India	476.96B	464.96B	466.13B	314.24B	311.86B
India Growth	2.58%	-0.25%	48.33%	0.76%	-0.41%
Total	476.96B	464.96B	466.13B	314.24B	311.86B
Total Growth	2.58%	-0.25%	48.33%	0.76%	-0.41%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 8, 2026

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