It is a broadly described annual report of Max Financial Services in the year of 2017. During the financial year, Total Revenue of the Company earned Rs. 15,248.70 Crore to Rs. 11,711.87 Crore. The Company’s Total Expenses for the year rose at Rs. 14,547.14 Crore. During the financial year 2017, Profit/(Loss) before tax of the Company was Rs. 701.56 Crore. During the year under review, the Net Profit/(Loss) after Tax of the Company has declined from Rs. 593.27 Crore to Rs. 393.19 Crore. The net worth of the Company grew by around 9.5% to Rs. 1828 Crore as at 31st March 2017 as against Rs. 1670 Crore as at 31st March 2016. The Authorized share capital of the Company as on 31st March 2017 was Rs. 60,00,00,000/- Crores comprising of 30,00,00,000 equity shares of Rs. 2/- each.
The Board of Directors of the Company has not recommended any dividend for the financial year 2016-2017.
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