Max Financial Services Q4 Review - Maximised Performance: Prabhudas Lilladher

Men hold a two thousand Indian rupee banknote for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg).

Max Financial Services Q4 Review - Maximised Performance: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Max Financial Services Ltd.’s overall annual premium equivalent grew by 36% YoY in Q4 FY21 ending FY21 with 19.5% YoY growth best among peers and given the pandemic impact which was led by led by 18% first year premium premium.

Also protection growth of 10-12% YoY was better than peers, while product launches at start of FY21 augured well with non-participating savings mix improving by 12% with doubling of annual premium equivalent in FY21.

The company has done well at start of FY22 despite challenges from second wave.

It should continue to gain market share with continued focus on non-par savings/protection and gradually move towards medium term margins of 27-28%.

Click on the attachment to read the full report:

Prabhudas Lilladher Max Financial Services Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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