{"id":54717,"date":"2025-11-18T12:05:08","date_gmt":"2025-11-18T06:35:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=54717"},"modified":"2025-11-18T12:05:46","modified_gmt":"2025-11-18T06:35:46","slug":"max-financial-services-q2-results-2025","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/","title":{"rendered":"Max Financial Services Q2 Results 2025 Highlights: Net Profit Falls 96.34% &#038; Revenue Down 26.77% YoY"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Q2 Results&nbsp;<\/em><\/strong><\/a><\/p><p><strong>Max Financial Services <\/strong><strong><em>Q2 Results FY26<\/em><\/strong>: During Q2 FY26, Max Financial Services&#8217; profit decreased 96.34% YoY, while revenue decreased by 26.77% YoY. The company posted robust numbers, with Q2 PAT at \u20b94.12 crores and revenue at \u20b99,791.59 crores. <a href=\"https:\/\/univest.in\/stocks\/mfsl\/max-financial-services-ltd-share-price-today\">Max Financial Services<\/a> announced its Q2 results on 12th November 2025.&nbsp;&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#Max_Financial_Services_Q2_Results_FY26_Extracts_of_FY25_FY26_Consolidated_Figures\" title=\"Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Consolidated Figures)\">Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Consolidated Figures)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#Max_Financial_Services_Q2_Results_FY26_Extracts_of_FY25_FY26_Standalone_Figures\" title=\"Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Standalone Figures)\">Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Standalone Figures)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#Max_Financial_Services_Q2_Results_FY26_Highlights_Q2_FY26_vs_FY25\" title=\"Max Financial Services Q2 Results FY26 Highlights (Q2 FY26 vs FY25)\">Max Financial Services Q2 Results FY26 Highlights (Q2 FY26 vs FY25)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#Max_Financial_Services_Share_Price_Performance\" title=\"Max Financial Services Share Price Performance\">Max Financial Services Share Price Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#What_Analysts_Expect_Post_Q2_Results\" title=\"What Analysts Expect Post Q2 Results?\">What Analysts Expect Post Q2 Results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/max-financial-services-q2-results-2025\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Max_Financial_Services_Q2_Results_FY26_Extracts_of_FY25_FY26_Consolidated_Figures\"><\/span><strong>Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Consolidated Figures)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td rowspan=\"2\"><strong>Particulars<\/strong><\/td><td colspan=\"2\"><strong>Quarter Ended<\/strong><\/td><\/tr><tr><td><strong>30-09-2025<\/strong><\/td><td><strong>30-09-2024<\/strong><\/td><\/tr><tr><td><strong>Revenue from Operations<\/strong><\/td><td>\u20b99,791.59<\/td><td>\u20b913,371.86<\/td><\/tr><tr><td><strong>Profit Before Tax (PBT)<\/strong><\/td><td>\u20b928.04<\/td><td>\u20b9175.85<\/td><\/tr><tr><td><strong>Profit After Tax (PAT)<\/strong><\/td><td>\u20b94.12<\/td><td>\u20b9112.56<\/td><\/tr><\/tbody><\/table><\/figure><p>(Figures in crores)<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Max_Financial_Services_Q2_Results_FY26_Extracts_of_FY25_FY26_Standalone_Figures\"><\/span><strong>Max Financial Services Q2 Results FY26: Extracts of FY25 &amp; FY26 (Standalone Figures)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td rowspan=\"2\"><strong>Particulars<\/strong><\/td><td colspan=\"2\"><strong>Quarter Ended<\/strong><\/td><\/tr><tr><td><strong>30-09-2025<\/strong><\/td><td><strong>30-09-2024<\/strong><\/td><\/tr><tr><td><strong>Revenue from Operations<\/strong><\/td><td>\u20b92.87<\/td><td>\u20b93.69<\/td><\/tr><tr><td><strong>Profit Before Tax (PBT)<\/strong><\/td><td>-\u20b93.16<\/td><td>-\u20b92.17<\/td><\/tr><tr><td><strong>Profit After Tax (PAT)<\/strong><\/td><td>-\u20b93.40<\/td><td>-\u20b92.46<\/td><\/tr><\/tbody><\/table><\/figure><p>(Figures in crores)<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Max_Financial_Services_Q2_Results_FY26_Highlights_Q2_FY26_vs_FY25\"><\/span><strong>Max Financial Services Q2 Results FY26 Highlights (Q2 FY26 vs FY25)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Max Financial Services clocked Q2 FY26 consolidated revenue of \u20b99,791.59 crores vs \u20b913,371.86 crores.\u00a0<\/li>\n\n<li>On the profit front, Max Financial Services earned a consolidated PAT of \u20b94.12 crore in Q2 FY26. During FY25, the company\u2019s PAT stood at \u20b9112.56 crore.<\/li>\n\n<li>According to the consolidated figures, Max Financial Services&#8217; quarterly PAT decreased by 96.34% YoY, while revenue decreased by 26.77%.<\/li>\n\n<li>Max Financial Services clocked Q2 FY26 standalone revenue of \u20b92.87 crores vs \u20b93.69 crores.\u00a0<\/li>\n\n<li>On the profit front, Max Financial Services earned a standalone PAT of -\u20b93.40 crore in Q2 FY26. During FY25, the company\u2019s PAT stood at -\u20b92.46 crore.<\/li>\n\n<li>According to the standalone figures, Max Financial Services&#8217; quarterly PAT decreased by 38.21% YoY, while revenue decreased by 22.22%.<\/li><\/ul><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Max_Financial_Services_Share_Price_Performance\"><\/span><strong>Max Financial Services Share Price Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>On the opening bell on 18th November 2025, Max Financial Services shares opened at \u20b91,705.10 per share. However, the initial gains have since eroded, and Max Financial Services shares are currently trading at \u20b91,684.40 per share, which is lower than the opening price.&nbsp;&nbsp;&nbsp;&nbsp;<\/p><p>Considering the long-term achievements, Max Financial Services shares have yielded returns of approximately 21.10% over the past 6 months, and 1-year returns stand at 36.10%. Over the maximum timeframe, Max Financial Services shares delivered a return of 10,164.47% to investors.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Analysts_Expect_Post_Q2_Results\"><\/span><strong>What Analysts Expect Post Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Following Max Financial Services&#8217;s robust Q2 results, analysts expect its share price to rise. According to analysts, Max Financial Services&#8217;s share price is expected to reach \u20b91,790.30 per share in the coming year; however, in a downturn, it could fall to \u20b91,655.80 per share. However, one must ignore stock market volatility and invest in Max Financial Services&#8217;s shares after thorough research.&nbsp;<\/p><p><strong><em>Disclaimer:<\/em><\/strong><em> Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/nestle-q2-results-2025\">Nestle Q2 Results FY26: Q2 PAT Falls 17.38% to \u20b9743.17 Crore; Revenue Up 10.57% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/inspira-enterprise-india-ipo-details\">Inspira Enterprise India IPO Details: Everything You Should Know about<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/swaraj-engines-q2-results-fy26\">Swaraj Engines Q2 Results FY26: Q2 PAT Rises 8.88% to \u20b949 Crore; Revenue Up 8.62% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/hdb-financial-q2-results-2025\">HDB Financial Q2 Results FY26: Q2 PAT Falls 1.5% to \u20b9581 Crore; Revenue Up 13.42% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bel-gears-q2-results-expectations\">BEL Gears Up for Q2 Reveal on 4th November; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/paytm-q2-results-expectations\">Paytm Gears Up for Q2 Reveal on 4th November; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/blue-dart-q2-results-expectations\">Blue Dart Gears Up for Q2 Reveal on 28th October; Check Key Expectations Here<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Click and Sign Up to Get Live Updates on Q2 Results&nbsp; Max Financial Services Q2 Results FY26: During Q2 FY26, Max Financial Services&#8217; profit decreased 96.34% YoY, while revenue decreased by 26.77% YoY. The company posted robust numbers, with Q2 PAT at \u20b94.12 crores and revenue at \u20b99,791.59 crores. Max Financial Services announced its Q2<\/p>\n","protected":false},"author":23,"featured_media":54718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3393],"class_list":["post-54717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-max-financial-services-q2-results-2025"],"metadata":{"_edit_lock":["1763447747:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_title":["Max Financial Services Q2 Results 2025: Net Profit Falls by 96.34% YoY"],"rank_math_description":["Discover the recent updates on the Max Financial Services Q2 results for FY26. Q2 profit falls by 96.34% YoY to \u20b94.12 crore, and revenue decreased by 26.77% YoY. Learn more about the company's financials.\r\n"],"rank_math_focus_keyword":["Max Financial Services Q2 Results"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_thumbnail_id":["54718"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["4663"],"_wp_page_template":["default"],"rs_page_bg_color":[""],"rank_math_canonical_url":["https:\/\/univest.in\/blogs\/max-financial-services-q2-results-2025"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/11\/18120126\/Max-Financial-Services-Q2-Results-2025-Net-Profit-Falls-by-96.34-YoY.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/54717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=54717"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/54717\/revisions"}],"predecessor-version":[{"id":54719,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/54717\/revisions\/54719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/54718"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=54717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=54717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=54717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}