Medi Assist Healthcare Services (MEDIASSIST) Q3 24/25 earnings summary

Executive summary

• Premium under management reached INR 15,829 crore as of December 31, 2024, up 16.6% year-on-year, with group premiums at INR 13,779 crore (+14.7%) and retail premiums at INR 2,050 crore (+31.2%).

• Market share increased from 19.2% to 19.8% year-on-year.

• Added three new private insurers to the retail book, with group account retention at 95%.

• Launched new technology platforms, enhanced fraud detection, and hosted industry events to boost operational efficiency.

• Completed an IPO in January 2024, raising Rs 11,715.77 million through an offer for sale.

Financial highlights

• Total income for nine months was INR 550.4 crore, up 14.2% year-on-year; consolidated operating revenue was INR 534.4 crore, up 14.2%.

• EBITDA (excluding other income) was INR 113.4 crore, up 17.7% year-on-year, with a margin of 21.2%.

• PAT for nine months was INR 69.9 crore, up 53.6% year-on-year, with a margin of 12.7%.

• Revenue from government business contributed 10.3%, and international benefits business 4.9% of total contracts.

• Quarterly revenue was Rs 1,904.01 million, with profit at Rs 299.74 million.

Outlook and guidance

• Favorable industry tailwinds expected from increased insurance penetration, government initiatives, and regulatory changes.

• Continued focus on technology, AI, and fraud prevention to drive operational efficiency and value for insurers.

• Paramount TPA acquisition pending regulatory approval, expected to close within the current quarter or soon after.

• Board approved a proposal to raise up to Rs 3,500 million through equity and debt instruments.