Medi Assist Healthcare Services Ltd, which offers third-party administration services to insurance firms, on Thursday (August 7) reported a 19.1% year-on-year (YoY) increase in net profit at ₹22.4 crore for the first quarter that ended June 30, 2025. In the year-ago period, the company posted a net profit of ₹18.8 crore.
Revenue from operations rose 13.6% to ₹190.5 crore against ₹167.7 crore in Q1FY25.
At the operating level, EBITDA was up 18.5% to ₹42.2 crore in the April-June quarter over ₹35.6 crore last year. The EBITDA margin expanded to 22.1% versus 21.2% in the first quarter of the prior fiscal.
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Net worth as of June 30, 2025, was ₹577.391 crore, compared to ₹503.163 crore a year earlier. Annualised return on net worth stood at 15.68%, up from 15.16%.
The annualised return on capital employed improved to 21.03% from 18.33%. Premium under management reached ₹7,075.6 crore, up from ₹5,968.8 crore in the previous year. Annualised revenue per average headcount on non-government contracts stood at ₹14.9 lakh, compared to ₹13.4 lakh as of June 30, 2024.
Fundraising proposal
Further, the board of directors has approved a proposal to raise funds through a preferential allotment on a private placement basis. The company will raise up to ₹198.0035 crore by issuing up to 37.01 lakh fully paid-up equity shares of face value ₹5 each.
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The shares will be allotted to Massachusetts Institute of Technology and 238 Plan Associates LLC, which are qualified institutional buyers, at a price of ₹535 per share. This includes a premium of ₹530 per share. The fundraising will be subject to necessary approvals from shareholders and relevant regulatory authorities.
The results came after the close of the market hours. Shares of Medi Assist Healthcare Services Ltd ended at ₹544.75, down by ₹5.50 or 1%, on the BSE today, August 7.
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(Edited by : Shoma Bhattacharjee)
