NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Max Financial Services Ltd. reported a steady performance in Q2 FY25. New business annual premium equivalent grew 31.3% YoY to Rs 21.7 billion (in-line), while for H1 FY25, it grew 31% YoY to Rs 36.2 billion.
Max Life reported a value of new business growth of 23.1% YoY to Rs 5.1 billion (in-line) and for H1 FY25, it grew 16% YoY to Rs 7.7 billion, due to strong growth in rider attachment.
VNB margins expanded sequentially to 23.6% in Q2 FY25 from 17.5% in Q1 FY25 (~600 bp jump) due to operating leverage and strong growth in volumes and rider attachment. The management guides to maintain a double-digit VNB growth and margin in the range of 23-24% for FY25.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
