Medi Assist Healthcare Services Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹240Cr
- +29% YoY
- +3% QoQ
- Net profit
- ₹4Cr
- −86.7% YoY
- −50% QoQ
- Margin
- 19%
- −2 pp YoY
- +2 pp QoQ
Guidance rank: #4 of 4 in Insurance
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The short version
Growth expected from ongoing migration of insurer volumes to the MAtrix platform, with full volume ramp-up anticipated in the next 2-3 quarters. The company expects to improve core EBITDA margins over the next 2 to 3 quarters through disciplined execution and integration of Paramount (Page 18).
From Medi Assist Ser.'s Q3 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Growth expected from ongoing migration of insurer volumes to the MAtrix platform, with full volume ramp-up anticipated in the next 2-3 quarters.
- Retail premiums are expected to recover and grow post a 2-3 quarter typical reallocation cycle in PSU portfolios.
- Expansion of technology-led revenue streams, especially from SaaS products like MAtrix and AI-driven solutions such as MAven Guard, with tech revenues growing 81.5% over 9 months and now making ~2.5% of total revenue.
- Increasing market penetration with new insurer partnerships, both in India and internationally, including travel and private medical insurance segments.
2 more points from Medi Assist Ser.'s call on revenue
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Profitability & Margins
The company expects to improve core EBITDA margins over the next 2 to 3 quarters through disciplined…
Locked: what Medi Assist Ser. said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- The company has become debt-free, providing capital availability to judiciously deploy in services to enhance customer experiences.
- There is a strong focus on technology deployments, particularly on expanding the tech SaaS revenue model (e.g., MAtrix platform, MAven Guard, and other AI capabilities).
- Investments are underway in digital infrastructure and tech platforms, including the technology transformation related to Star Health integration.
- AI-led products and technology-driven services, such as fraud, waste and abuse detection (MAven Guard) and cashless experience improvement (Raksha Prime), are areas of strategic investment.
2 more points from Medi Assist Ser.'s call on capex
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Top-ranked in Insurance
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The company has become debt-free as of January 2026, having repaid INR 39.4 crores of debt.
Locked: what Medi Assist Ser. said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
2 more points from Medi Assist Ser.'s call on order book
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Medi Assist Ser. — Quarterly revenue & net profit
Medi Assist Ser. Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 240 | 186 | +29% | 233 | +3% |
| Operating profit (EBITDA) | 45 | 40 | +12.5% | 40 | +12.5% |
| Operating margin | 19% | 21% | -2 pp | 17% | +2 pp |
| Profit before tax | 8 | 27 | -70.4% | 13 | -38.5% |
| Net profit (PAT) | 4 | 30 | -86.7% | 8 | -50% |
| EPS (₹) | 0.56 | 4.19 | -86.6% | 1.13 | -50.4% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹242 Cr, net profit ₹22 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Medi Assist Healthcare Services's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Insurance
on management's own guidance
- Max FinancialModerate growth2
- Niva Bupa HealthGood growth1
- HDFC Life Insurance CompanyModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Medi Assist Ser. Q3 FY26 results?
Growth expected from ongoing migration of insurer volumes to the MAtrix platform, with full volume ramp-up anticipated in the next 2-3 quarters. The company expects to improve core EBITDA margins over the next 2 to 3 quarters through disciplined execution and integration of Paramount (Page 18).
What is Medi Assist Ser. share price analysis?
Medi Assist Ser. currently shows a neutral. The stock trades at a P/E of 27.3 with a market cap of ₹2,695 Cr. Investors should review the full earnings analysis for detailed insights.
Is Medi Assist Ser. planning capital expenditure?
The company has become debt-free, providing capital availability to judiciously deploy in services to enhance customer experiences.
Keep Medi Assist Ser. on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.