Maximus Posts 77 Percent Increase in EBITDA, Sustaining Upward Trend; Revenue Soars by 63 Percent

New Delhi [India], November 26: Maximus reported a 63% rise in revenue to INR 751 Mn and a 77% increase in EBITDA for HYE ’24, driven by consistent growth and strategic initiatives. PAT grew by 62% to INR 43 Mn, reflecting robust profitability. A successful capital raise of INR 211.48 Mn supported investments in subsidiaries, debt reduction, and working capital, strengthening the company’s financial position and growth trajectory.

Update on Financial Performance

• Sustained Revenue Progress: The company posted revenue of INR 751 Mn for the first half of the year, marking a significant 63% growth compared to HYE ’23. This increase reflects consistent performance and sustained quarter-on-quarter progress.
• EBITDA Expansion: Driven by consistent growth, the company clocked EBITDA of INR 73 Mn during HYE ’24, a notable 77% increase from HYE ’23. This achievement also signifies an 83% jump over Q2 ’23 and a 12% rise from Q1 ’24, showcasing strong momentum.
• Strategic Excellence: The impressive results underscore the company’s strategic focus and commitment to maintaining healthy EBITDA margins over multiple quarters.
• Accelerated Profit Growth: The rise in EBITDA has propelled PAT to INR 43 Mn, reflecting a 62% increase from HYE ’23. The PAT level has been sustained at the same as QE June ’24, illustrating stable financial leverage.
• Strengthened Leverage Position: The company has improved its financial health with a 39% reduction in its debt-equity ratio from HYE ’23 and enhanced its Interest Service Coverage Ratio, emphasising financial resilience.

Update on Fundraising