Medi Assist reports strong Q2 revenue growth, profit declines

Medi Assist Healthcare Services Limited reported a total income of INR 234.8 crores for Q2 FY'26, a 25.5% year-on-year growth, with operating revenue at INR 232.5 crores, up 28.6%. For H1 FY'26, total income reached INR 432.8 crores, a 20.2% increase, and operating revenue grew by 21.4% to INR 423.1 crores. Q2 EBITDA was INR 39.7 crores, a 3.3% increase year-on-year, reflecting a 17.1% operating revenue margin. H1 EBITDA stood at INR 81.7 crores, up 10.9% year-on-year, with a 19.3% operating revenue margin. Profit for Q2 declined by 61.5% to INR 8.1 crores, and for H1 by 23.3% to INR 30.7 crores, attributed to Paramount acquisition financing, increased depreciation, and higher effective tax rates.

The company's total premium under management administered grew by 20.2% year-on-year to INR 12,719 crores as of September 30, 2025. Group premium saw a 22.5% increase to INR 11,447 crores, while retail premium grew by 2.6% to INR 1,272 crores. The acquisition of Paramount TPA contributed INR 488 crores in group premiums and INR 104 crores in retail premiums. Medi Assist's market share in total health premiums in India rose to 21.3% from 19.2% a year prior. Technology-driven fraud, waste, and abuse prevention activities resulted in savings of INR 230 crores, a 50% increase year-on-year. The company expects to become debt-free by March-April 2026.