Medi Assist Q3 & 9M FY26: Revenue +24% YoY, EBITDA Margins +154 bps QoQ; Turns Debt-Free with ₹200 Cr Cash

Medi Assist Healthcare Services Ltd, India's leading tech-driven health benefits administrator, reported strong unaudited Q3 & 9M FY26 results.

9M Financials: Operating revenue grew 24% YoY. EBITDA hit 21.7% (ex-Paramount; standalone Paramount TPA +557 bps QoQ). Free cash ₹200 Cr; debt down to ₹39 Cr (Dec '25), debt-free from Jan '26. Adjusted PAT ₹46 Cr (ex-exceptions).

Operating Wins: Group/retail premiums administered +22% YoY to ₹19,298 Cr. Market share: Group+Retail 21.1% (+133 bps YoY), Group 32.2% (+307 bps). Claims processed: 72.9L (17L cashless IP, 10L reimb IP, 18L cashless OP, 28L reimb OP).

Tech Surge: Revenues +82% YoY. AI trials in India/abroad.

MAven Guard: Flagged ₹400 Cr fraud (+66% YoY).

Raksha Prime: 35K monthly zero-wait discharges (6K hospitals).

MAgnum: Hospital self-service activation.

Paramount TPA: Tech live; business transfer to Medi Assist TPA (Feb 1 '26) ensures continuity.

CEO Satish Gidugu: "AI platform redefines admin, outpacing industry. High retention shows trust. Paramount integrated; focus high-growth, tech scale, excellence for profitable expansion."

Medi Assist leads healthtech with debt-free BS.

Shares of Medi Assist Healthcare Services Limited was last trading in BSE at Rs. 403.05 as compared to the previous close of Rs. 408.20. The total number of shares traded during the day was 1535 in over 116 trades.

The stock hit an intraday high of Rs. 410.40 and intraday low of 400.00. The net turnover during the day was Rs. 621344.00.

Source : Equity Bulls

Keywords

MediAssistHealthcareServices INE456Z01021 Q3FY26 Q3FY2026 9MFY26 9MFY2026 ResultUpdate