MFSL - Max Financial Services Limited Share Price

Question: "Can you give some understanding on how much of the mitigation happened due to cost action, product mix and distributor negotiation?"

Answer: I appreciate your query. We've taken a balanced approach to mitigate the GST impact. We've executed dialogues and adjustments with distributors effectively, particularly in critical categories. While costs and product structure changes have played a role, we anticipate enhancing our margins through better product variants and structured management, paving the way for sustained performance.

Question: "Can you highlight what sort of impact do you expect in your banca channel going ahead?"

Answer: The recent regulatory changes are encouraging. They enhance customer confidence and improve penetration in the sector. Industry feedback has been generally positive. Changes in the regulations will likely drive incremental improvements in our banca channel, allowing us to optimize customer engagement and sales quality, fostering long-term growth in this segment.

Question: "Given the current environment, do you see your anchor to be more than the 20% growth?"

Answer: Our growth momentum is consistent, targeting 20% growth or higher beyond market performance. We maintain a strategy focused on sustainable growth, aiming for an outperformance of 300-500 basis points against the market. Thanks to strategic initiatives and solid product offerings, we expect to build on this growth trajectory.

Question: "Can you provide insights into the sustainability of the current APE growth and how you see products influencing that?"

Answer: Our retail APE growth has been promising, driven by a diversified product mix. Although we experienced strong momentum this past quarter, we remain cautiously optimistic about sustaining growth levels. We will continue to balance our offerings across different insurance categories, ensuring adaptability amidst market fluctuations while fostering overall health in APE.

Question: "What does the amalgamation mean for operational efficiency for Max?"

Answer: Amalgamation is designed to leverage synergies between Axis Max Life and us, enhancing our operational efficiency. It combines resources under a unified strategy, thus improving oversight and performance metrics. As we navigate through this regulatory process, we aim to provide the market with regular updates regarding our progress, expectations, and synergies.

Question: "What challenges are you currently facing in the non-par products perspective?"

Answer: The performance of non-participating products has been steady. However, recent industry dynamics have influenced growth. Our focus remains on product innovation to enhance appeal and functionality. We are mindful of the market trend where consumers favor long-term guarantee propositions and are poised to adapt our offerings accordingly to optimize responsiveness.