MAXHEALTH Q2 FY27 results at a glance
MAX HEALTHCARE INS LTD Q2 FY27 key results metrics| Quarter | Q2 FY27 |
|---|
| Quarter ended | 30 Sept 2026 |
|---|
| Revenue | ₹2,569 cr |
|---|
| Revenue YoY | +20.3% |
|---|
| Operating profit | ₹574 cr |
|---|
| Operating margin | 22.3% |
|---|
| Net profit | ₹415 cr |
|---|
| Net profit YoY | -15.5% |
|---|
| Net profit QoQ | +28.5% |
|---|
| Net margin | 16.2% |
|---|
| Basic EPS | ₹4.26 |
|---|
| TTM revenue | ₹9,146 cr |
|---|
| TTM net profit | ₹1,381 cr |
|---|
| TTM net margin | 15.1% |
|---|
MAXHEALTH Q2 FY27 results: what the numbers say
MAX HEALTHCARE INS LTD (MAXHEALTH) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹2,569 cr and a net profit of ₹415 cr, translating into earnings per share of ₹4.26.
Compared with the same quarter a year earlier, revenue grew strongly by +20.3% and net profit declined by -15.5%. Profit trailing revenue growth suggests costs, interest or tax absorbed part of the topline gain.
Operating profit for the quarter stood at ₹574 cr, an operating margin of 22.3% versus 21.9% a year ago — a gain of 0.5 percentage points.
MAXHEALTH quarter-wise results table
Revenue
₹2,569 cr
+20.3% YoY
Net profit
₹415 cr
-15.5% YoY
Operating profit
₹574 cr
+22.9% YoY
Swipe sideways to see all columns →
MAX HEALTHCARE INS LTD (MAXHEALTH) 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 |
|---|
| Q2 FY272026-09-30 | ₹2,569 cr | ₹574 cr | ₹415 cr | 22.3% | 16.2% | ₹4.26 | -15.5% | +28.5% |
| Q1 FY272026-06-30 | ₹2,366 cr | ₹467 cr | ₹323 cr | 19.7% | 13.6% | ₹3.32 | — | -5.6% |
| Q4 FY262026-03-31 | ₹2,143 cr | ₹483 cr | ₹342 cr | 22.6% | 16.0% | ₹3.52 | — | +13.7% |
| Q3 FY262025-12-31 | ₹2,068 cr | ₹427 cr | ₹301 cr | 20.7% | 14.6% | ₹3.10 | — | -38.8% |
| Q2 FY262025-09-30 | ₹2,135 cr | ₹467 cr | ₹491 cr | 21.9% | 23.0% | ₹5.05 | — | — |
| TTM (last 4 quarters) | ₹9,146 cr | ₹1,951 cr | ₹1,381 cr | 21.3% | 15.1% | ₹14.20 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
MAXHEALTH 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 HEALTHCARE INS LTD quarterly income statement| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 |
|---|
| Revenue / Sales | ₹2,569 cr | ₹2,366 cr | ₹2,143 cr | ₹2,068 cr | ₹2,135 cr |
|---|
| Total expenses | ₹1,995 cr | ₹1,899 cr | ₹1,659 cr | ₹1,640 cr | ₹1,668 cr |
|---|
| Gross profit | ₹2,054 cr | ₹1,853 cr | ₹1,703 cr | ₹1,627 cr | ₹1,671 cr |
|---|
| Operating profit (EBIT) | ₹574 cr | ₹467 cr | ₹483 cr | ₹427 cr | ₹467 cr |
|---|
| Operating margin | 22.3% | 19.7% | 22.6% | 20.7% | 21.9% |
|---|
| Interest cost | ₹73.84 cr | ₹71 cr | ₹66.66 cr | ₹59.67 cr | ₹53.92 cr |
|---|
| Profit before tax | ₹541 cr | ₹436 cr | ₹465 cr | ₹365 cr | ₹446 cr |
|---|
| Tax expense | ₹126 cr | ₹113 cr | ₹122 cr | ₹63.62 cr | -₹45.27 cr |
|---|
| Effective tax rate | 23.4% | 26.0% | 26.3% | 17.5% | -10.1% |
|---|
| Net profit (PAT) | ₹415 cr | ₹323 cr | ₹342 cr | ₹301 cr | ₹491 cr |
|---|
| Net profit margin | 16.2% | 13.6% | 16.0% | 14.6% | 23.0% |
|---|
| Basic EPS | ₹4.26 | ₹3.32 | ₹3.52 | ₹3.10 | ₹5.05 |
|---|
| Diluted EPS | ₹4.24 | ₹3.30 | ₹3.50 | ₹3.09 | ₹5.02 |
|---|
MAXHEALTH results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 |
|---|
| Revenue YoY | +20.3% | — | — | — | — |
|---|
| Revenue QoQ | +8.6% | +10.4% | +3.6% | -3.2% | — |
|---|
| Operating profit YoY | +22.9% | — | — | — | — |
|---|
| Operating profit QoQ | +22.9% | -3.4% | +13.2% | -8.6% | — |
|---|
| Net profit YoY | -15.5% | — | — | — | — |
|---|
| Net profit QoQ | +28.5% | -5.6% | +13.7% | -38.8% | — |
|---|
| EPS YoY | -15.6% | — | — | — | — |
|---|
| EPS QoQ | +28.3% | -5.7% | +13.5% | -38.6% | — |
|---|
MAXHEALTH annual results history
Full-year performance for MAX HEALTHCARE INS LTD, useful for reading each quarter in context.
MAX HEALTHCARE INS LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
|---|
| Revenue / Sales | ₹8,225 cr | ₹6,910 cr | ₹5,309 cr | ₹4,489 cr |
|---|
| Total expenses | ₹6,348 cr | ₹5,334 cr | ₹4,025 cr | ₹3,444 cr |
|---|
| Gross profit | ₹6,436 cr | ₹5,433 cr | ₹4,192 cr | ₹3,568 cr |
|---|
| Operating profit (EBIT) | ₹1,877 cr | ₹1,576 cr | ₹1,285 cr | ₹1,045 cr |
|---|
| Operating margin | 22.8% | 22.8% | 24.2% | 23.3% |
|---|
| Interest cost | ₹215 cr | ₹149 cr | ₹44.56 cr | ₹71.32 cr |
|---|
| Profit before tax | ₹1,676 cr | ₹1,406 cr | ₹1,365 cr | ₹1,064 cr |
|---|
| Tax expense | ₹233 cr | ₹330 cr | ₹308 cr | -₹39.79 cr |
|---|
| Effective tax rate | 13.9% | 23.5% | 22.5% | -3.7% |
|---|
| Net profit (PAT) | ₹1,442 cr | ₹1,076 cr | ₹1,058 cr | ₹1,104 cr |
|---|
| Net profit margin | 17.5% | 15.6% | 19.9% | 24.6% |
|---|
| Basic EPS | ₹14.83 | ₹11.07 | ₹10.89 | ₹11.38 |
|---|
| Diluted EPS | ₹14.76 | ₹11.01 | ₹10.84 | ₹11.36 |
|---|
Revenue trend and demand read-through
Topline for Q2 FY27 came in at ₹2,569 cr against ₹2,135 cr in Q2 FY26, and ₹2,366 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +8.6%. 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 ₹1,995 cr, or 77.7% of revenue, with operating profit grew +22.9% year on year.
Margins, tax and profitability
Net profit of ₹415 cr works out to a net margin of 16.2% compared with 23.0% in the year-ago quarter. Margin pressure of this kind usually reflects higher input costs, pricing competition, or a heavier interest and depreciation load.
Below the operating line, MAX HEALTHCARE INS LTD reported profit before tax of ₹541 cr, a tax charge of ₹126 cr (effective rate 23.4%), interest cost of ₹73.84 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 ₹323 cr in Q1 FY27 to ₹415 cr in Q2 FY27, a change of +28.5%.
Trailing twelve months and annual context
Across the trailing four quarters MAX HEALTHCARE INS LTD has generated revenue of ₹9,146 cr and net profit of ₹1,381 cr, a trailing net margin of 15.1%. 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 ₹8,225 cr with net profit of ₹1,442 cr and EPS of ₹14.83, versus the prior year where revenue grew +19.0% and profit grew +34.1%.
What to watch in the next MAXHEALTH 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 single weak quarter matters less than the direction over three to four consecutive quarters.
No next results date is available in the board-meeting calendar. Statement figures update when Yahoo Finance makes them available; this is not an immediate exchange-filing feed.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
MAXHEALTH results coverage
More on MAXHEALTH
MAXHEALTH quarterly results FAQs
What were MAX HEALTHCARE INS LTD (MAXHEALTH) Q2 FY27 results?
In Q2 FY27 (quarter ended 30 Sept 2026), MAX HEALTHCARE INS LTD reported revenue of ₹2,569 cr and net profit of ₹415 cr, a change of -15.5% year on year on +20.3% revenue growth. EPS stood at ₹4.26.
What is MAXHEALTH profit margin in Q2 FY27?
MAX HEALTHCARE INS LTD posted a net profit margin of 16.2% and an operating margin of 22.3% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹9,146 cr and net profit ₹1,381 cr.
Did MAXHEALTH results beat the previous quarter?
MAX HEALTHCARE INS LTD net profit changed +28.5% quarter on quarter, from ₹323 cr in Q1 FY27 to ₹415 cr in Q2 FY27.
When are MAX HEALTHCARE INS LTD (MAXHEALTH) quarterly results?
MAX HEALTHCARE INS 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 MAXHEALTH latest quarterly results?
Our latest MAXHEALTH results coverage — "Max Healthcare Institute Limited Q2 FY27 Results: Net Profit ₹414 cr" — breaks down revenue, profit, margins and management commentary.
What is MAX HEALTHCARE INS LTD annual revenue and profit?
For FY26, MAX HEALTHCARE INS LTD reported full-year revenue of ₹8,225 cr and net profit of ₹1,442 cr, with EPS of ₹14.83.
How many quarterly results has MAXHEALTH declared recently?
Past results dates for MAXHEALTH will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 15 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
