Medi Assist Healthcare Services (MEDIASSIST) Q4 24/25 earnings summary

Executive summary

• Achieved 14.4% year-over-year growth in total income to INR 747.1 crore for FY25, with operating revenue up 14.0% to INR 723.3 crore.

• PAT for FY25 rose 28.5% year-over-year to INR 91.6 crore, with a margin of 12.3% on total income.

• Group and retail segments saw strong growth, with Group PUM up 12.4% and Retail PUM up 29.4% year-over-year.

• Completed major acquisitions, including regulatory approval for Paramount TPA, and settled a key arbitration case.

• Strategic focus on technology, fraud detection, and customer experience drove operational improvements.

Financial highlights

• Q4 FY25 total income: INR 196.6 crore, up 14.9% year-over-year; revenue from contracts: INR 188.9 crore, up 13.2%.

• FY25 total income: INR 747.1 crore, up 14.4% year-over-year; EBITDA: INR 154.1 crore (21.3% margin), up 15.6%.

• FY25 PAT: INR 91.6 crore, up 28.5% year-over-year (12.3% margin).

• Net cash from operations: INR 138 crore; net cash balance: INR 312.2 crore; net worth: INR 552.2 crore.

• Basic EPS from continuing operations for FY25 was ₹12.92, up from ₹10.02 in FY24.

Outlook and guidance

• Continued investment in technology (5-7% of revenue annually), AI/ML-driven fraud detection, and compliance to drive scale and innovation.

• Focus on expanding SaaS and unbundled service offerings to insurers, leveraging operating leverage for margin stability.

• Board approved proposal to raise up to ₹3,500 million through equity and debt instruments, subject to regulatory approvals.

• Expectation to maintain or outpace industry growth rates in group and retail segments.

• Ongoing acquisition of Paramount TPA and regulatory approval for further consolidation.