Stock in News -

MFSL

Max Financial Services reported a steady performance for the March quarter, supported by strong execution at its life insurance arm, Axis Max Life. For Q4 FY25, total Annualised Premium Equivalent (APE) rose 6% year-on-year to ₹3,039 crore, broadly in line with the CNBC-TV18 poll estimate of ₹3,038 crore. Retail APE grew 11% YoY to ₹2,977 crore. The value of new business (VNB) came in at ₹882 crore, up 8% from ₹820 crore a year ago, and sharply ahead of the poll estimate of ₹792 crore. VNB margin improved by 45 basis points to 29.02%, beating the estimated 26.06%, driven by a favourable product mix and higher proprietary channel share. For the full year FY25, Axis Max Life delivered robust growth across metrics. Proprietary channel APE rose 26%, while overall APE was up 18%, aided by 13% growth in Bancassurance channels.