*Max Financial Services Ltd. - C* | *CMP* Rs. 484 | *M Cap* Rs. 13039 Cr | *52 W H/L* 568/361
*Result has improved*
Gross Premiums Written came at Rs. 3879 Cr vs YoY Rs. 3435 Cr, QoQ Rs. 3781 Cr
Individual APE came at Rs. 1010 Cr vs YoY Rs. 849 Cr, QoQ Rs. 1051 Cr
Value of New Business (VNB) came at Rs. 212 Cr vs YoY Rs. 176 Cr, QoQ Rs. 230 Cr
Value of New Business Margin (%) came at 21 % vs YoY 20.7 %, QoQ 21.9 %
13th month persistency came at 85 % vs YoY 84 %, QoQ 85 %
61st month persistency came at 51 % vs YoY 55 %, QoQ 53 %
Pvt. Market Shares came at 9 % vs YoY 8.7 %, QoQ 9.3 %
AUM came at Rs. 68618 Cr vs YoY Rs. 58397 Cr, QoQ Rs. 65425 Cr
Quarter EPS is Rs. 2.3
Share is trading at P/E of 41.5x FY 20E EPS & 4.8x trailing P/BV
Share is trading at Mkt Cap/EV of 1.3x