Healthcare Services company Medi Assist Healthcare Services announced H1FY25 results Financial Highlights: Total Income was Rs 360.0 crore, a growth of 15.4% over the corresponding period of the previous year. Revenue from contracts with customers excluding other income (“Operating Revenue”) was Rs 348.5 crore, a growth of 15.4% over the corresponding period of the previous year. Revenue from contracts with customers included: 9.8% from Government business. 4.7% from International benefits business. EBITDA excluding Other Income (“Operating EBITDA”) was Rs 73.7 crore. a growth of 18.1% YoY. a margin of 21.1% on Operating Revenue. Profit for the period (“PAT”) was Rs 40.0 crore: a growth of 65.0% on reported PAT YoY. a margin of 11.1% on Total Income. Key Balance sheet and operating metrics as on 30th Sept.’ 2024 were as follows: Net cash balance in the books was Rs 300.9 crore. Net Worth was Rs 498.5 crore; Return on Net Worth was 8.0% for H1FY25 and 16.0% annualised. Return on Capital Employed was 9.6% for H1FY25 and 19.2% annualised. Revenue per average headcount (on non-government contracts) was Rs 7.0 lakh and Rs 14.0 lakh annualised. Operational Highlights: Total Premium under Management (“PUM”) administered was Rs 10,583 crore as on 30th Sep’2024, a growth of 18.1% YoY. Group PUM was Rs 9,343 crore, a growth of 15.6% YoY. Retail PUM was Rs 1,240 crore, a growth of 41.2% YoY. Market share in terms of health insurance premium administered (Group + Retail), of the total health premium in India, was 19.2% as on 30th Sep’2024, as against 18.5% as on 30th Sept.’ 2023. Group segment market share was 28.4%, as against 27.3% as on 30th Sept.’ 2023. Retail segment market share was 5.6%, as against 4.7% as on 30th Sept.’ 2023. Satish Gidugu, CEO, Medi Assist Healthcare Services, said: “We are pleased with our steady growth in a seasonally soft quarter for the industry. As the synergies from acquisitions continue to accrue, our margins are seeing an uptick. Further to regulatory initiatives, we are upbeat about the prospects of the health insurance ecosystem and the opportunities for Medi Assist to play a pivotal role. We are focused on delivering technology backed solutions to significantly enhance policyholder experience while eliminating Fraud, waste, and abuse in health claims.” Result PDF