What was Medi Assist Healthcare's revenue in Q4 FY26?

Medi Assist Healthcare reported revenue of ₹242 Cr in Q4 FY26, a +25.1% change year-over-year.

Did Medi Assist Healthcare management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Medi Assist Healthcare Q4 FY26 Research Workspace: Revenue ₹242 Cr (+25.1%)

Q: What guidance did Medi Assist Healthcare management give?

Paramount integration to complete by Q2 FY27: Over 50% of Paramount claims volume already migrated to Matrix; full migration and synergy realization expected within 1-2 quarters.

Revenue ₹242 Cr +25.1%

EBITDA ₹175 Cr +13.3%

PAT ₹54 Cr

EBITDA Margin 20%

Duration 60 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Medi Assist delivered a strong FY26 with operating revenue of ₹904.8 crore (+25.1% YoY) and EBITDA of ₹174.6 crore (19.3% margin). Growth was driven by group premiums (+25.6% YoY), technology revenue (+91.9% YoY), and government business (+42.6% YoY). The company became debt-free and net cash positive. Management guided for continued strong growth in technology and international segments, with Paramount integration on track to complete by Q2 FY27. Key risk: potential compression of take rates as AI automation becomes more widespread, though management argues value-added services and outcome-based pricing will protect margins.

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Research workspace

Focused Modules

!Risks 3 risks

Risk Intelligence

Take rate compression due to AI automation

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Quarter Snapshot

Total Premium Under Management ₹25,923 crore

+22.8% YoY

Group premiums grew 25.6% to ₹23,000+ crore; retail premiums grew 4.2% to ₹2,818 crore.

Group Premium Retention Rate 93.2%

-1.8pp YoY

Slightly lower than historical 94%+ due to deliberate quality-of-revenue decisions and operational changes.

Market Share in Health Insurance Premium Administered 20.7%

+115bps YoY

Group segment market share reached 33.7% (+340bps YoY); retail TPA model share was 5%.

Fraud Detection Savings via Maven Guard ₹540 crore

N/A

AI fraud detection platform prevented over ₹540 crore in health insurance fraud in FY26.

Fast read

Guidance and risk preview

Top guidance Paramount integration to complete by Q2 FY27

Over 50% of Paramount claims volume already migrated to Matrix; full migration and synergy realization expected within 1-2 quarters.

Top risk Take rate compression due to AI automation

Analyst raised concern that increasing automation could reduce industry take rates from ~3.5% to 2.5% over time, pressuring revenue per premium.