Medi Assist Healthcare Services (MEDIASSIST) Q1 25/26 earnings summary

Executive summary

• Total premium under management reached INR 7,076 crore as of June 30, 2025, up 18.5% year-over-year, with group segment growing 20.4% and retail segment up 0.2%.

• Market share increased to 23.1% overall, with group segment at 33.2% and retail at 5%.

• Paramount Health Services acquisition closed July 1, 2025, for INR 412.4 crore; consolidation to begin in Q2.

• Strengthened technology and AI-driven offerings, including fraud detection, predictive analytics, and a strategic partnership with Star Health for claims automation.

• Consolidated revenue from operations for the quarter ended June 30, 2025, was Rs 1,905.58 million, up from Rs 1,677.06 million year-over-year.

Financial highlights

• Q1 FY26 total income was INR 198 crore, up 14.5% year-over-year; operating revenue was INR 190.6 crore, up 13.6% year-over-year.

• Operating EBITDA was INR 42 crore, up 90.3% year-over-year, with a margin of 22%.

• PAT was INR 22.6 crore, up 18.7% year-over-year, with a margin of 11.4%.

• Net cash balance stood at INR 312.6 crore; net worth at INR 577.4 crore.

• Basic EPS from continuing operations was Rs 3.18, compared to Rs 2.70 in the same quarter last year.

Outlook and guidance

• Paramount Health Services consolidation expected to add significant scale and growth from Q2.

• Focus remains on organic growth, technology-led services, and government business expansion, with continued investments in AI/ML and digital innovation.

• Margins expected to stabilize around 22% post-acquisition, with short-term impact of 200-250 bps.

• Management expects no adverse impact from the recent Directorate of Enforcement search at a subsidiary.