How has been the historical performance of Max Financial?

Answer:Max Financial has shown varied performance over the years, with net sales reaching 46,468.91 Cr in March 2025, slightly down from 46,575.62 Cr in March 2024, but significantly higher than the 31,412.67 Cr recorded in March 2023. The total operating income mirrored this trend, with a slight decrease in 2025 compared to 2024. Operating profit, excluding other income, was 472.00 Cr in March 2025, an increase from 424.93 Cr in the previous year, although it was lower than the 550.90 Cr in March 2023. The profit before tax also saw an increase to 450.10 Cr in March 2025 from 416.10 Cr in March 2024, while profit after tax rose to 406.74 Cr from 393.52 Cr. However, the consolidated net profit decreased to 327.21 Cr in March 2025 from 340.08 Cr in March 2024.

On the balance sheet side, total liabilities increased to 162,771.13 Cr in March 2024 from 131,819.92 Cr in March 2023, with total assets also rising to 162,771.13 Cr in March 2024. Cash flow from operating activities was 6,106.00 Cr in March 2024, down from 9,922.00 Cr in March 2023, while cash flow from investing activities showed a significant outflow of -5,003.00 Cr. The closing cash and cash equivalents increased to 10,822.00 Cr in March 2024 from 9,836.00 Cr in March 2023, indicating a positive cash position despite the fluctuations in profit and operating income.

Breakdown:
Max Financial's historical performance reveals a complex picture of growth and challenges. The company experienced a decline in net sales and total operating income in March 2025 compared to the previous year, despite a notable increase from earlier years. Operating profit showed a positive trend, increasing from the previous year, although it fell short of the 2023 figures. Profit before tax and profit after tax both improved, indicating better operational efficiency, yet the consolidated net profit saw a decline. On the balance sheet, total liabilities and assets both rose, reflecting the company's expanding operations. Cash flow from operating activities decreased significantly, while cash flow from investing activities indicated substantial outflows, yet the company maintained a healthy cash position at the end of the period.