Max Healthcare Faces ₹55 Cr GST Demand; Q2 Profit Soars 74%

• Max Healthcare received a ₹55.20 crore GST demand from Delhi authorities for alleged excess Input Tax Credit.
• The demand includes ₹33.66 crore GST, ₹18.18 crore interest, and a ₹3.37 crore penalty.
• The company is seeking rectification and may appeal the order, with potential financial implications.
• Max Healthcare reported a 74.3% rise in Q2 net profit to ₹491 crore and a 25% revenue increase to ₹2,135 crore.
• Shares of Max Healthcare Institute Ltd closed down 1.64% on the BSE.

Why It Matters: Max Healthcare faces a significant GST demand while simultaneously reporting strong Q2 financial growth.