Max Financial Services First Quarter 2026 Earnings: Revenues Beat Expectations, EPS Lags
Max Financial Services (NSE:MFSL) First Quarter 2026 Results
Key Financial Results
- Revenue: ₹128.2b (up 8.7% from 1Q 2025).
- Net income: ₹701.7m (down 45% from 1Q 2025).
- Profit margin: 0.5% (down from 1.1% in 1Q 2025). The decrease in margin was driven by higher expenses.
- EPS: ₹2.04 (down from ₹3.69 in 1Q 2025).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Max Financial Services Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Insurance industry in India.
Performance of the Indian Insurance industry.
The company's shares are up 5.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Max Financial Services' balance sheet and an in-depth analysis of the company's financial position.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:MFSL
Max Financial Services
Through its subsidiary, engages in life insurance business in India.
Reasonable growth potential with mediocre balance sheet.
Market Insights
Community Narratives


