Star Health & Allied Insurance Company Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹5,500Cr
- +12.7% YoY
- +18.3% QoQ
- Net profit
- ₹550Cr
- +25.6% YoY
- +395.5% QoQ
- Margin
- 14%
- +2 pp YoY
- +10.8 pp QoQ
Top 4 Insurance companies on management guidance
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What the Q1 FY27 call signalled
2 of 3 strong
The short version
Growth is expected to improve going forward with a focus on sustainable, profitable expansion rather than chasing growth for its own sake. The company expects to maintain sustainable and profitable growth, focusing on long-term value rather than short-term optical measures.
From Star Health & Allied Insurance Company Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Growth is expected to improve going forward with a focus on sustainable, profitable expansion rather than chasing growth for its own sake. (Page 16)
- Insurance revenue growth for FY27 is anticipated to gradually increase to around 15-16% and continue improving into FY28, driven partly by long-term policies being recognized over 2-3 years. (Page 12)
- Fresh retail health Gross Written Premium (GWP) grew strongly by 35-37% YoY, with expectations to sustain a good share of fresh business despite high base effects from last year’s GST tailwind. (Page 6, 15)
- Growth is fueled by deepening proprietary distribution (agency and digital D2C) which contributes over 90% of retail business and is expanding steadily, including strong agent additions and productivity gains. (Page 6)
2 more points from Star Health & Allied Insurance Company Ltd's call on revenue
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Profitability & Margins
The company expects to maintain sustainable and profitable growth, focusing on long-term value rather than…
Locked: what Star Health & Allied Insurance Company Ltd said on margins
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Capital Expenditure Plans
- The company continues to invest in technology and digital initiatives, especially in AI/ML-driven analytics and their distribution app ATOM Pro, which enhances risk selection, customer service, and cost efficiency.
- Investments are focused on embedding digital capabilities across the insurance value chain, including generative AI to improve claims precision and fraud mitigation.
- There is a strategic emphasis on technology-led capabilities to deliver a faster, simpler, and more seamless customer experience.
2 more points from Star Health & Allied Insurance Company Ltd'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 management focuses more on sustainable, profitable growth rather than seeking external funding.
Locked: what Star Health & Allied Insurance Company Ltd said on fundraising
Also locked on this page: margins, order book
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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 FY27 results — key figures
| ₹ Cr | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 5,500 | 4,880 | +12.7% | 4,648 | +18.3% |
| Operating profit (EBITDA) | 749 | 588 | +27.4% | 148 | +406.1% |
| Operating margin | 14% | 12% | +2 pp | 3.2% | +10.8 pp |
| Profit before tax | 742 | 588 | +26.2% | 151 | +391.4% |
| Net profit (PAT) | 550 | 438 | +25.6% | 111 | +395.5% |
| EPS (₹) | 9.34 | 7.45 | +25.4% | 1.89 | +394.2% |
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
Others in Insurance this season
- ICICI Lombard (Q1 FY27)
The company reported a 7.5% growth in Gross Direct Premium Income (GDPI) in Q1 FY2027, driven mainly by retail lines, slightly below the industry growth of…
- Niva Bupa Health (Q1 FY27)
Group portfolio growth remains selective, focusing on profitable segments like SMEs growing over 50% (Page 6). Key concall takeaways from Niva Bupa Health's Q1…
- HDFC Life Insurance Company (Q1 FY27)
Agency channel growing strongly at around 21%, driven by new agents and branch expansion. Key concall takeaways from HDFC Life Insurance Company's Q1 FY27 earni
- Go Digit General (Q1 FY27)
Motor business is flat overall; strong growth in 2-wheeler segment (around 21-23%), but decline in commercial vehicles (-27%). Key concall takeaways from Go…
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 Star Health & Allied Insurance Company Ltd Q1 FY27 results?
Growth is expected to improve going forward with a focus on sustainable, profitable expansion rather than chasing growth for its own sake. The company expects to maintain sustainable and profitable growth, focusing on long-term value rather than short-term optical measures.
What is Star Health & Allied Insurance Company Ltd share price analysis?
Star Health & Allied Insurance Company Ltd currently shows a below-average growth signal. The stock trades at a P/E of 38.1 with a market cap of ₹32,201 Cr. Investors should review the full earnings analysis for detailed insights.
Is Star Health & Allied Insurance Company Ltd planning capital expenditure?
The company continues to invest in technology and digital initiatives, especially in AI/ML-driven analytics and their distribution app ATOM Pro, which enhances risk selection, customer service, and cost efficiency.
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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.