Life Insurance company Max Financial Services announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Revenue from operations for Q4FY26 stood at Rs 10,801.94 crore, representing a decrease of 24.25% QoQ from Rs 14,258.93 crore in Q3FY26 and a decrease of 12.72% YoY from Rs 12,375.76 crore in Q4FY25. Total Income for the quarter was Rs 10,805.48 crore, compared to Rs 14,267.43 crore in Q3FY26 and Rs 12,396.08 crore in Q4FY25. For FY26, Total Revenue from operations was Rs 47,674.11 crore, showing a growth of 2.59% over Rs 46,468.91 crore in FY25. The Group reported a Net Loss for the period of Rs 31.52 crore in Q4FY26, as against a Net Profit of Rs 44.76 crore in Q3FY26 and a Net Profit of Rs 38.28 crore in Q4FY25. For the full year FY26, Net Profit for the period was Rs 105.56 crore, a decrease of 73.83% compared to Rs 403.38 crore in FY25. Total Comprehensive Loss for Q4FY26 was Rs 83.12 crore, compared to a Total Comprehensive Income of Rs 31.55 crore in Q3FY26 and Rs 54.73 crore in Q4FY25. Basic Earnings Per Share (EPS) from continued operations for Q4FY26 was Rs -0.81, while the full-year FY26 EPS stood at Rs 2.42, compared to Rs 9.61 in FY25. Standalone Financial Highlights: Total Revenue from operations for Q4FY26 was Rs 17.00 crore, reflecting a significant increase from Rs 2.93 crore in Q3FY26 and Rs 3.74 crore in Q4FY25. For the full year FY26, Standalone Total Revenue from operations stood at Rs 25.79 crore, up 66.71% from Rs 15.47 crore in FY25. Net Profit for the quarter Q4FY26 was Rs 10.17 crore, compared to Rs 1.65 crore in Q3FY26 and a Net Loss of Rs 2.59 crore in Q4FY25. Standalone Net Profit for FY26 was Rs 5.90 crore, compared to a Net Loss of Rs 9.22 crore in the previous year FY25. Total Comprehensive Income for Q4FY26 was Rs 10.23 crore, while for the full year FY26 it was Rs 6.01 crore. Business Highlights & Segment Performance: Life Insurance Segment Performance: The Life Insurance segment recorded a revenue of Rs 10,802.09 crore in Q4FY26 compared to Rs 12,374.53 crore in Q4FY25. For FY26, segment revenue was Rs 47,671.49 crore compared to Rs 46,463.97 crore in FY25. The segment reported a loss of Rs 2.68 crore for Q4FY26, while the full-year FY26 segment results (profit) stood at Rs 221.56 crore compared to Rs 470.08 crore in FY25. Business Investments Segment Performance: Segment revenue for Q4FY26 was Rs 20.22 crore, and for the full year FY26, it was Rs 38.71 crore. The segment recorded a loss of Rs 3.78 crore in Q4FY26 and a loss of Rs 12.23 crore for the full year FY26. Capital Infusion & Axis Bank Transaction: Axis Bank collectively holds 19.02% of the equity share capital of Axis Max Life Insurance Limited (AMLI) as of March 31, 2026. On April 2, 2026, the Board of Directors of AMLI recommended the issuance of 2,50,56,200 equity shares to Axis Bank on a preferential basis for an aggregate investment of Rs 389 crore to meet funding requirements. Fund Raising: During the quarter ended September 30, 2025, AMLI raised Rs 800 crore through the issuance of unsecured, subordinated, listed, rated, redeemable, taxable, non-cumulative, non-convertible debentures (NCDs) at a coupon rate of 7.95%. Amalgamation: The Board of Directors has accorded in-principle approval for the amalgamation of the Company with its subsidiary, AMLI, on January 28, 2026. Voluntary Liquidation: Max Life Pension Fund Management Limited (MLPFM) has applied for the surrender of its registration and is currently undergoing voluntary liquidation. Result PDF