Star Health & Allied Insurance Company Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹4,880Cr
- +27.9% YoY
- +19.6% QoQ
- Net profit
- ₹438Cr
- +37.3% YoY
- +43700% QoQ
- Margin
- 12%
- +1 pp YoY
- +12.2 pp QoQ
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The short version
Star Health targets Rs. 2,500 crores profit by FY2028 with a broad split of 20% from underwriting and 80% from investment returns. Guidance for FY2028 projects INR 2,500 crores PAT on IFRS basis with underwriting profit contributing ~20% and investment returns ~80%.
From Star Health & Allied Insurance Company Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Star Health targets Rs. 2,500 crores profit by FY2028 with a broad split of 20% from underwriting and 80% from investment returns.
- A strategy shift includes moderating the Rs. 30,000 crores top-line growth guidance to adjust for changes in corporate business focus.
- Strong retail focus with retail health GWP growing 18% in Q1-FY2026 and fresh retail premiums growing 25%.
- Digital fresh business growing impressively at 73%, with plans to accelerate this through a dedicated digital SBU.
- Multi-year policies now contribute around 30% of new business volume, supporting better persistency and revenue visibility for 3 years.
- Preferred geographies growing 1.5x faster than the overall business, focusing on higher ROE areas.
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Profitability & Margins
Guidance for FY2028 projects INR 2,500 crores PAT on IFRS basis with underwriting profit contributing ~20%…
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Capital Expenditure Plans
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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
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Order Book & Pipeline
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Star Health & Allied Insurance Company Ltd — Quarterly revenue & net profit
Star Health & Allied Insurance Company Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 4,880 | 3,816 | +27.9% | 4,081 | +19.6% |
| Operating profit (EBITDA) | 588 | 425 | +38.4% | -7 | — |
| Operating margin | 12% | 11% | +1 pp | -0.2% | +12.2 pp |
| Profit before tax | 588 | 426 | +38% | -1 | — |
| Net profit (PAT) | 438 | 319 | +37.3% | 1 | +43700% |
| EPS (₹) | 7.45 | 5.45 | +36.7% | 0.01 | +74400% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹5.3K Cr, net profit ₹265 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Star Health Insu's management said in earlier quarters
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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 Star Health & Allied Insurance Company Ltd Q1 FY26 results?
Star Health targets Rs. 2,500 crores profit by FY2028 with a broad split of 20% from underwriting and 80% from investment returns. Guidance for FY2028 projects INR 2,500 crores PAT on IFRS basis with underwriting profit contributing ~20% and investment returns ~80%.
What is Star Health & Allied Insurance Company Ltd share price analysis?
Star Health & Allied Insurance Company Ltd currently shows a neutral. The stock trades at a P/E of 41.0 with a market cap of ₹34,614 Cr. Investors should review the full earnings analysis for detailed insights.
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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.