Medi Assist reports strong H1-FY26 growth, strategic advancements

Medi Assist Healthcare Services Limited reported a robust performance for Q2 & H1-FY26, with total premium under management (PUM) administered reaching INR 12,719 Cr as of September 30, 2025, marking a 20.2% year-over-year growth. Group PUM grew by 22.5% to INR 11,447 Cr, while Retail PUM increased by 2.6% to INR 1,272 Cr. The company's total income for H1-FY26 was INR 432.8 Cr, a 20.2% rise, with operating revenue at INR 423.1 Cr, up 21.4% year-over-year.

EBITDA excluding other income for H1-FY26 stood at INR 81.7 Cr, an increase of 10.9% year-over-year, reflecting a 19.3% margin on operating revenue. Profit after tax (PAT) for H1-FY26 was INR 30.7 Cr. Key balance sheet items as of September 30, 2025, include Net Cash on Books at INR -20.9 Cr and Net Worth at INR 591.2 Cr.

Operational highlights include the adoption of Medi Assist's network by 19 insurers, up from 17 in H1-FY25, and a strategic partnership with Star Health & Allied Insurance Co. for deploying the MAtrix claims platform. The company's AI/ML framework for fraud, waste, and abuse (FWA) prevention delivered savings of approximately INR 230 Cr, marking a ~50% increase year-over-year.