Max Financial Services Limited CC-Feb26.pdf · 2026-02-12
Yes, hi. Good morning and congrats on good set of numbers. Just a couple of questions. Firstly, what does mean the product-level margins change that you would have seen, say, 9 months this year versus 9 months last year ? And the reason I am asking this is in spite of the fact that we had such a strong flip to protection, we have increased attachment rates, credit protection has seen a growth. Still the margin profile obviously has been impacted by the GST. But product level margins, if you could allude to whether there are other protection margins that are weaker than what we had seen last year? Or how should we think about those product level margins? That will be the first one. And second would be, on brand d Axis Max Life was at Max Life earlier, that benefit how it has been kind of rolling out and the kind of growth that we have seen. So basically, that would hold , reflect in more growth coming in from Tier 2, Tier 3 towns. And what is the kind of profitability or any risks in those areas? Those are my two questions.
Sumit, before that just. So, Amit, on the, so where is the impact maximum in margins on from a GST standpoint, if you could allude to that?