Medi Assist Healthcare Services Limited reported Q2 FY27 results on November 2, 2026, showing EBITDA margin expansion of 331 basis points to 20.4% following completion of its Paramount Health Services integration. The stock rose 2.88% to $303.70 after the presentation.
Q2 total income reached ₹245.4 crore, up 4.5% year-over-year, with operating revenue of ₹241.5 crore (+3.9% YoY). EBITDA grew 23.9% to ₹49.2 crore. Reported profit after tax surged 167.5% to ₹21.6 crore, driven by operational leverage and lower integration costs.
For H1FY27, total income reached ₹492.4 crore (+13.8% YoY), with operating revenue of ₹478.0 crore (+13.0% YoY). EBITDA grew 19.0% to ₹97.2 crore, while reported PAT increased 60.2% to ₹49.2 crore.
CEO Satish Gidugu said, "With Paramount fully integrated, the scaled core platform generates robust cash flows." The company recovered 330 basis points of margin compression from the Paramount acquisition through reduced people costs, AI tool deployment, and claims migration to the MAtrix platform.
Platform and SaaS revenue grew 112.7% in Q2FY27 and 83.7% in H1FY27, reaching ₹18.1 crore for the half-year. Seven insurers are now contracted for the technology platform, with three live in H1FY27 and four more scheduled for H2FY27. Platform premiums reached ₹9,648 crore, up 24.8% year-over-year, with claims volume surging 917.9%.
India TPA business generated ₹437.5 crore in H1FY27 revenue (+11.9% YoY), representing 91.5% of total revenue. The Group segment showed particularly strong performance at ₹334.7 crore (+13.7% YoY), managing ₹13,939 crore in premiums. Medi Assist commands a 34.1% market share in India's group health premium market, up 182 basis points year-over-year. Group retention rates stand at 90.5%, with management expecting normalization to 93-94% within three to four quarters.
Traditional retail TPA revenue declined 1.8% to ₹45.5 crore, reflecting the company's strategic shift toward platform licensing.
The board approved a share buyback of up to ₹49.3 crore at ₹425 per share, which will reduce weighted average share count by 1.6% and increase earnings per share by 1.6%.