Max India today reported 83.98 per cent decline in standalone net profit at Rs 2 crore for the second quarter ended September 30.
The company had a net profit of Rs 12.49 crore in the same period of previous fiscal.
Total income of the company declined by 33.97 per cent to Rs 17.72 crore during the second quarter from Rs 26.84 crore in the year-ago period, Max India said in a BSE filing.
In a separate filing, Max India announced appointment of Dinesh Kumar Mittal as an Independent Director of the company.
Shares of Max India closed 2.07 per cent higher at Rs 143 apiece on the BSE.
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