It is a broadly described annual report of Max Financial Services in the year of 2016. During the financial year, Total Revenue of the Company earned Rs. 11,711.87 Crore to Rs. 14,876.6 Crore. The Company’s Total Expenses for the year rose at Rs. 11,246.85 Crore. During the financial year 2016, Profit/(Loss) before tax of the Company was Rs. 465.02 Crore. During the year under review, the Net Profit/(Loss) after Tax of the Company has declined from Rs. 393.19 Crore to Rs. 364.91 Crore. A net worth of the Company on standalone basis fell down by around 52% to around Rs. 1670 Crore. The Authorized share capital of the Company as on 31st March 2016 was Rs. 60,00,00,000/- comprising of 30,00,00,000 equity shares of Rs. 2/- each.
The Board of Directors of the Company has recommended a final dividend of @90% amounting to Rs. 1.80/- per equity share (on a face value of Rs. 2/- each) to the Shareholders for the financial year ended 2016.
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