Max India Q2 profit before tax up 26 pc at Rs 117 Cr

Max India, a multi-business corporate, today reported a 26 per cent rise in consolidated profit before tax at Rs 117 crore for the second quarter ended September 2014.
The company had posted profit before tax of Rs 93 crore on the consolidated basis in the July-September quarter of 2013-14.
The company reported a 47 per cent increase in consolidated revenue to Rs 3,291 crore in the period under review as against the same period a year ago, Max India said in a statement.
Operating revenue rose by 15 per cent Rs 2,483 crore as compared to Rs 2,158 crore in the second quarter a year ago.

"The key contributing factors to the company's strong performance have been Max Life insurance's profits increasing by 21 per cent to Rs 165 crore and Max Healthcare's profit growing by 180 per cent to Rs 22 crore," it said.
Max Life Insurance, a 71 per cent subsidiary of Max India, recorded 5 per cent rise in individual new business premium to Rs 436 crore. The Gross Premium (GWP) of the company grew 15 per cent to Rs 1,937 crore and Assets Under Management (AUM) were up 29 per cent to Rs 28,038 crore.