Max India Q2 net dips 31%

Max India Q2 net dips 31%


Mumbai: Analjit Singh-led healthcare services provider Max India has posted a net profit of Rs11.73 crore for the second quarter ended 30 September, a 30.67% decline over the same period last year.

The firm had a net profit of Rs16.92 crore in the second quarter of FY’08, Max India said in a filing to the Bombay Stock Exchange.

The total income rose to Rs121.96 crore for the quarter under review, from Rs98.17 crore in the same quarter last fiscal.

For six months ended 30 September, Max India reported a net profit of Rs25.34 crore, a 22.23% growth over the same period a year-ago. The company had a net profit of Rs20.73 crore in the same period last fiscal.

The total income rose to Rs236.24 crore for the six-month period from Rs158.31 crore in the year-ago period.

The company has appointed S K Bijlani as an Additional Director on its board.

Shares of Max India were trading at Rs100.37, down 6.57% on the BSE.