Bengaluru, 03rd Nov 2026: Medi Assist Healthcare Services Limited today announced its financial results for H1 FY27. Operating revenue rose 13.0% YoY to ₹478.0 Cr, while operating EBITDA grew 19.0% to ₹97.2 Cr. EBITDA margins expanded 103 bps to 20.3%. Total premiums under management across platform and TPA operations reached ₹24,752 Cr. Profit Before Tax (PBT) grew 47.0% YoY, and Profit After Tax (PAT) rose 60.2% YoY.
India’s largest group health administrator delivered 13.7% group revenue growth in H1 FY27. The company remains debt-free, with ₹268.3 Cr in cash and cash equivalents to support strategic investment and financial resilience.
“Medi Assist is advancing access, accountability and affordability in healthcare. Insurer adoption of our technology, key government mandates and Mayfair’s international expansion reinforce our growth momentum and commitment to reliable, transparent service.
With Paramount fully integrated, our core platform generates strong cash flows to fund growth. The Board-approved buyback reflects disciplined capital allocation and confidence in long-term earnings, while preserving liquidity for investment,” said Satish Gidugu, CEO & Whole Time Director.
Key Highlights
- Core TPA Stability & Market Leadership
- Market Leadership: Group health benefits market share reached 34.1% (+182 bps YoY), with 90.5% client retention. Group premiums under management grew 21.8% YoY to ₹13,939 Cr in H1 FY27, outpacing industry growth by 650 bps.
- Retail Hybrid Transition: The shift to a hybrid model brings accessible retail premiums across TPA and Platform models to 34.1% of the market.
- Margin Expansion: With integration costs falling away, profitability growth outpaced revenue growth. EBITDA margins reached 20.4% in Q2 FY27 (+331 bps) and 20.3% in H1 FY27 (+103 bps).
- Technology Monetisation Accelerates
- Revenue Growth: SaaS and licensing revenue grew 112.6% in Q2 FY27 and 83.8% YoY to ₹18.1 Cr in H1 FY27.
- Insurer Adoption: Three of seven contracted insurers are fully live on the stack, with the remaining four scheduled to go live in H2 FY27.
- Platform Scale: Claim-based fees are scaling with volume, supported by ₹9,648 Cr in platform premiums in H1 FY27.
- ₹304 Cr in Fraud, Waste and Abuse Prevented: MAven Guard identified and stopped ₹304 Cr in fraud, waste and abuse (FWA), protecting insurer loss ratios and ecosystem value
- International Expansion via Mayfair: Mayfair We Care reported revenue of ₹10.7 Cr in Q2 FY27 (+7.7%) and ₹20.7 Cr in H1 FY27 (+1.1%). Platform go-lives in Thailand, Laos and Cambodia, alongside multi-insurer travel partnerships covering ~50% of Indian travel premiums, provide a foundation for margin expansion and portfolio scaling in H2 FY27.
Capital Allocation: Share Buyback of up to ~₹49.3 Cr Approved
The Board of Directors approved a share buyback of up to ~₹49.3 Cr, funded entirely from internal operating cash flows. Using less than a fifth of accumulated cash reserves, the buyback is intended to enhance Return on Equity (RoE) while preserving ample liquidity for product development and international growth.
Medi Assist enters H2 FY27 with Paramount fully integrated, technology revenue scaling and an expanding international footprint. Market leadership, stronger margins and disciplined capital allocation position the company to advance healthcare affordability and deliver sustained long-term value.
