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.

• Strategic partnership with Star Health to deploy proprietary AI-driven claims automation platform.

• Enhanced technology and AI-driven offerings, with expanded fraud detection and awards for data insights.

Financial highlights

• Q1 FY26 total income was INR 198 crore, up 13.5% year-over-year; operating revenue was INR 190.6 crore, up 13.6%.

• 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.

• Consolidated revenue from operations for the quarter was Rs 1,905.58 million, with profit from continuing operations at Rs 226.31 million.

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.

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

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

• Positioned for continued growth with scalable tech-enabled infrastructure and integration of acquisitions.