Medi Assist Healthcare Services Limited has released the transcript of its Investor Conference Call held on May 11, 2026, to discuss the company's Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026. During the call, management highlighted that FY '26 was a milestone year, marked by strong growth and technology-led transformation. The company became debt-free and net cash positive, enabling future investments. Their AI-powered platforms are processing nearly 1 million claims monthly with high automation and fraud detection. The expansion of MAtrix, integration of Paramount, and new global partnerships position the company for future growth in intelligent healthcare administration. Key operational highlights for FY '26 include a 22.8% growth in total premium under management to ₹25,923 crores. Group premiums grew by 25.6% to over ₹23,000 crores, with a retention rate of 93.2%. Retail premiums in the TPA model grew by 4.2% to ₹2,818 crores. The company's market share in administered health insurance premiums (group and retail) reached 20.7%, an increase of 115 basis points year-on-year. The group segment market share grew by 340 basis points to 33.7%. Premiums managed via the MAtrix platform for private insurers exceeded ₹18,000 crores, representing 32% of industry retail premiums. Internationally, Medi Assist expanded its presence in Southeast Asia through a partnership in Thailand, accessing over US$50 million in group premiums. The integration of Paramount TPA is progressing, with over 50% of its claims volume migrated to MAtrix. Technology revenues grew by 91.9% year-on-year, with the AI fraud detection platform, MAven Guard, preventing over ₹540 crores in frauds. Raksha Prime enabled over 322,000 patients to leave hospitals before bills were generated. Financially, total income for FY '26 was ₹923.2 crores (a 23.6% Y-o-Y growth), and operating income was ₹904.8 crores (a 25.1% Y-o-Y growth). The group segment contributed 69.5% of total revenue (₹629.1 crores), with 25.3% growth. The government business showed significant growth at 42.6% (₹113.6 crores). Operating EBITDA was ₹174.6 crores, a 13.3% increase, with a margin of 19.3% on operating revenue. Reported PAT was ₹89.3 crores, with adjusted PAT at ₹68.8 crores. The company became debt-free in January 2026, with free cash flow at ₹260.5 crores and net worth at ₹852.4 crores.
