Max India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 05:46 am
Share
Max India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 406.9 million compared to INR 430.6 million a year ago. Revenue was INR 445.3 million compared to INR 461.5 million a year ago. Net loss was INR 179 million compared to INR 2.8 million a year ago. Basic loss per share from continuing operations was INR 4.15 compared to INR 0.06 a year ago. Diluted loss per share from continuing operations was INR 4.15 compared to INR 0.06 a year ago.
For the nine months, sales was INR 1,305.9 million compared to INR 1,446.8 million a year ago. Revenue was INR 1,450.8 million compared to INR 1,532.8 million a year ago. Net loss was INR 348.1 million compared to INR 62.2 million a year ago. Basic loss per share from continuing operations was INR 8.08 compared to INR 1.27 a year ago. Diluted loss per share from continuing operations was INR 8.08 compared to INR 1.27 a year ago.
Max India Limited is an India-based holding company of Max Groupâs Senior Care business- Antara Senior Living Limited offering residences for seniors and Antara Assisted Care Services Limited for assisted care and care homes for seniors. The Companyâs segments include Business Investments, Senior Living, Assisted Care, and Others. The Business Investments segment includes treasury investments, rental from investment property and functional support services to group companies. The Senior Living segment is engaged in the business of senior living. The Assisted Care segment caters to the seniors by providing Care at home services, care homes facilities and sale/ rental of MedCare products carried out by its subsidiary. Its subsidiaries include Antara Purukul Senior Living Limited, and Max UK Limited. Antara Purukul Senior Living Limited inter is engaged in the business of owning, developing, operating, establishing vibrant residential senior living communities.