Max Financial Services Ltd reports 16% growth in consolidated revenue in 9MFY24

Max Financial Services Limited (MFSL) has announced its financial results for 9MFY24, reporting a consolidated revenue growth of 16% over the previous year, driven by a 19% increase in individual adjusted first year premium and a 44% growth in proprietary channels new business premiums. The company's consolidated PAT grew 11% year-on-year, with a market share gain of 59 bps in the individual adjusted first year premium category. The company's renewal premium income and gross written premium also saw significant growth, with a 12% and 16% increase, respectively.,