Max India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 01:02 pm
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Max India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 563.5 million compared to INR 500.6 million a year ago. Revenue was INR 601.7 million compared to INR 514.7 million a year ago. Net loss was INR 41.8 million compared to INR 10.8 million a year ago. Basic loss per share from continuing operations was INR 0.88 compared to INR 0.2 a year ago.
For the full year, sales was INR 2,010.3 million compared to INR 2,298.8 million a year ago. Revenue was INR 2,134.5 million compared to INR 2,374.4 million a year ago. Net loss was INR 104 million compared to INR 161.4 million a year ago. Basic loss per share from continuing operations was INR 2.18 compared to INR 3 a year ago.
Max India Limited is an India-based holding company of Max Groupâs senior care business. The Company's subsidiaries include Antara Senior Living Limited and Antara Assisted Care Services Limited. It is engaged in the business of developing residential communities for seniors that offer lifestyle with lifecare. Its offering includes memory care homes, care homes, residences, care at home, med care products and AGEasy. Its memory care homes are designed to provide a structured environment with set routines to lower stress for people with Alzheimer's or dementia. It provides independent living residences for seniors in Dehradun and Noida. The Company offers a comprehensive range of medical products and equipment, readily available on rent and for sale, such as wheelchair, respiratory, bathroom accessories, walking aids, and ankle and foot support. AGEasy is a holistic platform that combines product, expert assistance and technology, helping seniors manage various chronic conditions.