New Delhi: Shares of max financial Services declined nearly 3 per cent in early trade on Wednesday as the company reported over 41 per cent decline in consolidated net profit at Rs 47.65 crore in the July-September quarter.

The company’s share price hit a low of Rs 975 National Stock Exchange, down 2.6 percent from its previous close.

Max Financial Services had reported a net profit of Rs 81.06 crore in the second quarter of the last fiscal.

According to an exchange filing, total income for the quarter under review rose to Rs 9,327.37 crore from Rs 7,020.11 crore a year ago.

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