MFSL Q1 FY27 results at a glance
MAX FINANCIAL SERV LTD Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹14,970 cr |
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| Revenue YoY | +16.8% |
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| Operating profit | ₹178 cr |
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| Operating margin | 1.2% |
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| Net profit | ₹95.56 cr |
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| Net profit YoY | +37.2% |
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| Net profit QoQ | +462.7% |
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| Net margin | 0.6% |
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| Basic EPS | ₹2.78 |
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| TTM revenue | ₹49,823 cr |
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| TTM net profit | ₹110 cr |
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| TTM net margin | 0.2% |
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MFSL Q1 FY27 results: what the numbers say
MAX FINANCIAL SERV LTD (MFSL) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹14,970 cr and a net profit of ₹95.56 cr, translating into earnings per share of ₹2.78.
Compared with the same quarter a year earlier, revenue grew by +16.8% and net profit grew strongly by +37.2%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹178 cr, an operating margin of 1.2% versus 1.0% a year ago — a gain of 0.1 percentage points.
MFSL quarter-wise results table
Revenue
₹14,970 cr
+16.8% YoY
Net profit
₹95.56 cr
+37.2% YoY
Operating profit
₹178 cr
+33.4% YoY
MAX FINANCIAL SERV LTD (MFSL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹14,970 cr | ₹178 cr | ₹95.56 cr | 1.2% | 0.6% | ₹2.78 | +37.2% | +462.7% |
| Q4 FY262026-03-31 | ₹10,801 cr | -₹2.94 cr | -₹26.35 cr | -0.0% | -0.2% | ₹-0.77 | — | -172.1% |
| Q3 FY262025-12-31 | ₹14,259 cr | ₹85.99 cr | ₹36.56 cr | 0.6% | 0.3% | ₹1.07 | — | +787.4% |
| Q2 FY262025-09-30 | ₹9,793 cr | ₹42.04 cr | ₹4.12 cr | 0.4% | 0.0% | ₹0.12 | — | -94.1% |
| Q1 FY262025-06-30 | ₹12,822 cr | ₹133 cr | ₹69.64 cr | 1.0% | 0.5% | ₹2.03 | — | — |
| TTM (last 4 quarters) | ₹49,823 cr | — | ₹110 cr | — | 0.2% | ₹3.20 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
MFSL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
MAX FINANCIAL SERV LTD quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹14,970 cr | ₹10,801 cr | ₹14,259 cr | ₹9,793 cr | ₹12,822 cr |
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| Total expenses | ₹14,832 cr | ₹10,839 cr | ₹14,209 cr | ₹9,787 cr | ₹12,720 cr |
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| Operating profit (EBIT) | ₹178 cr | -₹2.94 cr | ₹85.99 cr | ₹42.04 cr | ₹133 cr |
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| Operating margin | 1.2% | -0.0% | 0.6% | 0.4% | 1.0% |
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| Interest cost | ₹39.98 cr | ₹35.13 cr | ₹35.93 cr | ₹35.74 cr | ₹31.85 cr |
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| Profit before tax | ₹138 cr | -₹38.07 cr | ₹50.06 cr | ₹6.3 cr | ₹101 cr |
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| Tax expense | ₹19.63 cr | -₹4.87 cr | ₹5.31 cr | ₹0.39 cr | ₹14.5 cr |
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| Effective tax rate | 14.2% | 12.8% | 10.6% | 6.2% | 14.3% |
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| Net profit (PAT) | ₹95.56 cr | -₹26.35 cr | ₹36.56 cr | ₹4.12 cr | ₹69.64 cr |
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| Net profit margin | 0.6% | -0.2% | 0.3% | 0.0% | 0.5% |
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| Basic EPS | ₹2.78 | ₹-0.77 | ₹1.07 | ₹0.12 | ₹2.03 |
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| Diluted EPS | ₹2.78 | ₹-0.77 | ₹1.07 | ₹0.12 | ₹2.03 |
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MFSL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | +16.8% | — | — | — | — |
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| Revenue QoQ | +38.6% | -24.2% | +45.6% | -23.6% | — |
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| Operating profit YoY | — | — | — | — | — |
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| Operating profit QoQ | — | — | — | — | — |
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| Net profit YoY | +37.2% | — | — | — | — |
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| Net profit QoQ | +462.7% | -172.1% | +787.4% | -94.1% | — |
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| EPS YoY | +36.9% | — | — | — | — |
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| EPS QoQ | +461.0% | -172.0% | +791.7% | -94.1% | — |
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MFSL annual results history
Full-year performance for MAX FINANCIAL SERV LTD, useful for reading each quarter in context.
MAX FINANCIAL SERV LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹47,591 cr | ₹46,396 cr | ₹46,494 cr | ₹31,328 cr |
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| Total expenses | ₹47,471 cr | ₹45,946 cr | ₹46,078 cr | ₹30,801 cr |
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| Operating profit (EBIT) | ₹157 cr | ₹483 cr | ₹445 cr | ₹527 cr |
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| Operating margin | 0.3% | 1.0% | 1.0% | 1.7% |
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| Interest cost | ₹36.89 cr | ₹33.22 cr | ₹28.88 cr | ₹0.11 cr |
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| Profit before tax | ₹120 cr | ₹450 cr | ₹416 cr | ₹527 cr |
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| Tax expense | ₹15.33 cr | ₹43.36 cr | ₹22.56 cr | ₹75.31 cr |
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| Effective tax rate | 12.8% | 9.6% | 5.4% | 14.3% |
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| Net profit (PAT) | ₹83.99 cr | ₹327 cr | ₹340 cr | ₹378 cr |
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| Net profit margin | 0.2% | 0.7% | 0.7% | 1.2% |
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| Basic EPS | ₹2.45 | ₹9.53 | ₹9.90 | ₹10.97 |
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| Diluted EPS | ₹2.45 | ₹9.53 | ₹9.90 | ₹10.97 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹14,970 cr against ₹12,822 cr in Q1 FY26, and ₹10,801 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue grew +38.6%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹14,832 cr, or 99.1% of revenue, with operating profit grew +33.4% year on year.
Margins, tax and profitability
Net profit of ₹95.56 cr works out to a net margin of 0.6% compared with 0.5% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, MAX FINANCIAL SERV LTD reported profit before tax of ₹138 cr, a tax charge of ₹19.63 cr (effective rate 14.2%), interest cost of ₹39.98 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from -₹26.35 cr in Q4 FY26 to ₹95.56 cr in Q1 FY27, a change of +462.7%.
Trailing twelve months and annual context
Across the trailing four quarters MAX FINANCIAL SERV LTD has generated revenue of ₹49,823 cr and net profit of ₹110 cr, a trailing net margin of 0.2%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹47,591 cr with net profit of ₹83.99 cr and EPS of ₹2.45, versus the prior year where revenue grew +2.6% and profit declined -74.3%.
What to watch in the next MFSL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
MAX FINANCIAL SERV LTD has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
MFSL results coverage
No results report published for MFSL yet — our desk covers each quarter within minutes of the filing.
MFSL quarterly results FAQs
What were MAX FINANCIAL SERV LTD (MFSL) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), MAX FINANCIAL SERV LTD reported revenue of ₹14,970 cr and net profit of ₹95.56 cr, a change of +37.2% year on year on +16.8% revenue growth. EPS stood at ₹2.78.
What is MFSL profit margin in Q1 FY27?
MAX FINANCIAL SERV LTD posted a net profit margin of 0.6% and an operating margin of 1.2% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹49,823 cr and net profit ₹110 cr.
Did MFSL results beat the previous quarter?
MAX FINANCIAL SERV LTD net profit changed +462.7% quarter on quarter, from -₹26.35 cr in Q4 FY26 to ₹95.56 cr in Q1 FY27.
When are MAX FINANCIAL SERV LTD (MFSL) quarterly results?
MAX FINANCIAL SERV LTD has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see MFSL latest quarterly results?
Results coverage for MFSL will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the MFSL stock page.
What is MAX FINANCIAL SERV LTD annual revenue and profit?
For FY26, MAX FINANCIAL SERV LTD reported full-year revenue of ₹47,591 cr and net profit of ₹83.99 cr, with EPS of ₹2.45.
How many quarterly results has MFSL declared recently?
Past results dates for MFSL will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 11 Sept 2026. For information only, not investment advice.
