Max Financial shares jumped more than 6% in morning trade after the company reported strong Q2 FY25 results.
The firm reported a total income of ₹13,376 crore, a 31.3% rise year-on-year (YoY) from ₹10,189 crore in the second quarter of FY24.
Net profit decreased by 18.2% YoY to ₹139 crore, from ₹170 crore in the same quarter of the previous fiscal year.
The company’s net interest income (NII) increased by 45% YoY to ₹115 crore, from ₹79 crore in Q2 FY24.
As of 9:21 am, Max Financial shares were trading 5.82% higher at Rs 1,238.60 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.