Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
47,674.11
46,468.91
46,575.62
31,412.67
31,181.21
31,273.91
18,239.98
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
47,674.11
46,468.91
46,575.62
31,412.67
31,181.21
31,273.91
18,239.98
Raw Material Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
45.03
36.49
30.90
29.23
36.77
60.80
35.95
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
47,387.65
45,879.71
46,075.12
30,788.75
30,687.55
30,634.31
17,596.54
Selling and Distribution Expenses
11.70
10.65
16.19
15.78
13.85
18.32
44.39
Other Expenses
18.11
70.06
28.48
28.01
31.02
-3.90
110.75
Total Expenditure (Excl Depreciation)
47,462.49
45,996.91
46,150.69
30,861.77
30,769.19
30,709.53
17,787.63
Operating Profit (PBDIT) excl Other Income
211.62
472.00
424.93
550.90
412.02
564.38
452.35
Other Income
22.32
28.33
37.92
18.39
6.37
14.11
1.78
Operating Profit (PBDIT)
233.94
500.33
462.85
569.29
418.39
578.49
454.13
Interest
111.86
47.36
43.64
37.46
24.74
0.27
0.28
Exceptional Items
1.12
-3.36
-0.94
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
122.08
452.97
419.21
531.83
393.65
578.22
453.85
Depreciation
2.31
2.87
3.11
4.63
5.00
5.32
11.37
Profit Before Tax
119.77
450.10
416.10
527.20
388.65
572.90
442.48
Tax
15.33
43.36
22.58
75.31
70.25
33.15
169.63
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
104.44
406.74
393.52
451.89
318.40
539.75
272.85
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
1.12
-3.36
-0.94
0.00
0.00
0.00
0.00
Net Profit
105.56
403.38
392.58
451.89
318.40
539.75
272.85
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-21.59
-76.17
-52.50
-73.41
-65.03
-134.36
-127.86
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
83.97
327.21
340.08
378.48
253.37
405.39
144.99
Equity Capital
68.66
68.69
68.73
68.72
69.02
69.02
53.90
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
5,213.13
5,205.83
3,797.20
3,449.52
3,865.59
3,273.94
2,092.62
Earnings per share (EPS)
2.45
9.53
9.9
11.02
7.34
11.75
5.38
Diluted Earnings per share
2.45
9.53
9.9
10.97
7.34
14.51
5.38
Operating Profit Margin (Excl OI)
0.44%
1.02%
0.91%
1.75%
1.32%
1.8%
2.48%
Gross Profit Margin
0.26%
0.97%
0.9%
1.69%
1.26%
1.85%
2.49%
PAT Margin
0.22%
0.88%
0.84%
1.44%
1.02%
1.73%
1.5%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 2.59% vs -0.23% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is -74.34% vs -3.78% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is -55.17% vs 11.08% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 136.19% vs 8.52% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has fallen from Mar 2025
Compare Annual Results Of Max Financial With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
47,674.11
49,616.80
-1,942.69
-3.92%
Other Operating Income
0.00
0.00
0.00
Total Operating income
47,674.11
49,616.80
-1,942.69
-3.92%
Raw Material Cost
0.00
0.00
0.00
Purchase of Finished goods
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
Employee Cost
45.03
179.84
-134.81
-74.96%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
47,387.65
39,601.27
7,786.38
19.66%
Selling and Distribution Expenses
11.70
0.00
11.70
Other Expenses
18.11
457.50
-439.39
-96.04%
Total Expenditure (Excl Depreciation)
47,462.49
40,238.61
7,223.88
17.95%
Operating Profit (PBDIT) excl Other Income
211.62
9,378.19
-9,166.57
-97.74%
Other Income
22.32
324.40
-302.08
-93.12%
Operating Profit (PBDIT)
233.94
9,702.59
-9,468.65
-97.59%
Interest
111.86
0.00
111.86
Exceptional Items
1.12
0.00
1.12
Gross Profit (PBDT)
122.08
9,702.59
-9,580.51
-98.74%
Depreciation
2.31
0.00
2.31
Profit Before Tax
119.77
9,104.64
-8,984.87
-98.68%
Tax
15.33
2,130.68
-2,115.35
-99.28%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
104.44
6,973.96
-6,869.52
-98.50%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
1.12
0.00
1.12
Net Profit
105.56
6,973.96
-6,868.40
-98.49%
Share in Profit of Associates
0.00
457.88
-457.88
-100.00%
Minority Interest
-21.59
0.00
-21.59
Other related items
0.00
0.00
0.00
Consolidated Net Profit
83.97
7,431.84
-7,347.87
-98.87%
Equity Capital
68.66
877.20
-808.54
-92.17%
Face Value
2.00
5.00
0.00
Reserves
5,213.13
47,781.96
-42,568.83
-89.09%
Earnings per share (EPS)
2.45
42.36
-39.91
-94.22%
Diluted Earnings per share
2.45
42.36
-39.91
-94.22%
Operating Profit Margin (Excl OI)
0.44%
25.55%
0.00
-25.11%
Gross Profit Margin
0.26%
26.43%
0.00
-26.17%
PAT Margin
0.22%
19.00%
0.00
-18.78%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 47,674.11 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 2.59% vs -0.23% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 83.97 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -74.34% vs -3.78% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 211.62 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -55.17% vs 11.08% in Mar 2025
Annual - Interest
Interest 111.86 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 136.19% vs 8.52% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 0.44%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has fallen from Mar 2025






