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Max Financial

Q4 FY26

Max Financial Q4 FY26 investor presentation: Revenue & Margins

Q4 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹1,295
Market cap₹44.7K Cr
P/E411.9
Updated16 Oct 2026
Read4 min read

Based on Max Financial's Q4 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Total APE (Annualized Premium Equivalent) for FY’26: Rs 10,502 crore, up 20% YoY from Rs 8,770 crore in FY’25 (Page 4). The provided presentation does not report EBITDA, operating margin, or profit after tax (PAT) specifically for a quarter.

From Max Financial's Q4 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Total APE (Annualized Premium Equivalent) for FY’26: Rs 10,502 crore, up 20% YoY from Rs 8,770 crore in FY’25 (Page 4).
  • Individual Adjusted First Year Premium for FY’26: Rs 9,885 crore, up 19% YoY from Rs 8,329 crore in FY’25 (Page 5).
  • Gross Written Premium for FY’26: Rs 38,877 crore, up 17% YoY from Rs 33,223 crore in FY’25 (Page 5).
  • Renewal Premium for FY’26: Rs 24,374 crore, up 16% YoY from Rs 21,049 crore in FY’25 (Page 5).
  • Proprietary channels APE grew 28% YoY in FY’26 (Page 15).

2 more points from Max Financial's call on revenue

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Profitability & Margins

See what Max Financial said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The provided investor presentation (2035.pdf) does not describe any capex, capacity expansion, or new plant/project details, including amounts, status, or timelines. The presentation focuses mainly on financial performance, business overview, product mix, sustainability framework, risk analysis, and disclaimers related to Axis Max Life Insurance and Max Financial Services. There is no mention of capital expenditure, plant expansions, or new project initiations within the document.

Fundraising & Capital Structure

See what Max Financial said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly report or mention "order book," "order inflow," or "pending orders." Instead, it focuses on the following metrics related to business and financial performance: - New Business Premiums (Annual Premium Equivalent - APE) showing growth (Page 7) - Assets Under Management reaching INR ~1.9 Lakh crore (Page 11) - Value of New Business (VNB) growth and product mix (Page 8) - Channel-wise sales, including Proprietary and Bancassurance channels (Pages 13-15)

2 more points from Max Financial's call on order book

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Max Financial — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹10.8K Cr, net loss ₹32 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Max Financial Q4 FY26 results?

Total APE (Annualized Premium Equivalent) for FY’26: Rs 10,502 crore, up 20% YoY from Rs 8,770 crore in FY’25 (Page 4). The provided presentation does not report EBITDA, operating margin, or profit after tax (PAT) specifically for a quarter.

What is Max Financial share price analysis?

Max Financial currently shows a neutral. The stock trades at a P/E of 411.9 with a market cap of ₹44,689 Cr. Investors should review the full earnings analysis for detailed insights.

Is Max Financial planning capital expenditure?

The provided investor presentation (2035.pdf) does not describe any capex, capacity expansion, or new plant/project details, including amounts, status, or timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.