Max India recently said its standalone net profit stood at Rs 537 crore for the first quarter ended June 30, 2012.
It had reported a net loss of Rs 2 crore during the same period a year ago, the company said in a statement.
The company’s standalone revenue for the April-June quarter stood at Rs 900 crore against Rs 189 crore in the corresponding quarter last year, the company said in a statement.
“The standalone operating revenue for the quarter ended June 30, 2012, is Rs 198 crore against Rs 177 crore in the corresponding previous quarter, growing 12 per cent year-on-year,” it said.
Max India said it has concluded its transaction with Mitsui Sumitomo Insurance, Japan and New York Life during the quarter resulting in a pre-tax cash inflow of Rs 802 crore.
Shares of Max India today closed at Rs 182.05 apiece on the BSE, down 0.19 per cent from the previous close.
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