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Max India reports consolidated net loss at Rs 9.48 crore in Q4

Total income of the company increased by 48.56% at Rs 35.78 crore for Q4FY21

Max India has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a fall of 85.22% in its net profit at Rs 3.22 crore for the quarter under review as compared to Rs 21.78 crore for the same quarter in the previous year. Total income of the company decreased by 72.68% at Rs 8.90 crore for Q4FY21 as compared Rs 32.58 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to equityholders at Rs 9.48 crore for the quarter under review as compared to net profit at Rs 11.86 crore for the same quarter in the previous year. However, total income of the company increased by 48.56% at Rs 35.78 crore for Q4FY21 as compared Rs 69.56 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net profit at Rs 8.65 crore as compared to net loss at Rs 123.26 crore for the previous year. However, total income of the company decreased by 47.24% at Rs 39.20 crore for year under review as compared to Rs 74.30 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss attributable to equityholders at Rs 53.12 crore as compared to net profit at Rs 297.04 crore for the previous year. Total income of the company decreased by 39.54% at Rs 129.58 crore for year under review as compared to Rs 214.33 crore for year ended March 31, 2020.