Shares of Medi Assist Healthcare Services experienced a decline of 8.29 percent, trading at ₹510.50 on the National Stock Exchange as of Thursday afternoon, despite the company reporting a 21.4 percent year-on-year increase in operating revenue for the first half of fiscal year 2026. The stock opened at ₹529, reaching a low of ₹504.70 during the session, with over 818,000 shares changing hands by mid-afternoon.
For H1-FY26, the health benefits administrator reported operating revenue of ₹423.1 crore, an increase from the previous year, while total income rose to ₹432.8 crore. However, profit after tax saw a significant drop of 23.3 percent to ₹30.7 crore, impacting investor sentiment. In the second quarter alone, operating revenue increased by 28.6 percent to ₹232.5 crore, but profit after tax fell sharply by 61.5 percent to ₹8.1 crore.
The company attributed this decline in profit to various costs associated with its Paramount TPA acquisition, including financing costs, increased depreciation, amortization, and a higher effective tax rate. Operating EBITDA for H1-FY26 rose by 10.9 percent to ₹81.7 crore, resulting in margins of 19.3 percent.
In terms of operational metrics, Medi Assist’s premium under management grew by 20.2 percent to ₹12,719 crore, while its market share in health insurance administration increased to 21.3 percent from 19.2 percent a year earlier. Additionally, the company completed its acquisition of Paramount TPA and launched a strategic technology partnership with Star Health & Allied Insurance during this period.
The stock has recorded a 52-week high of ₹634.85 and a low of ₹415.25.
