Medi Assist Healthcare Services Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Medi Assist Healthcare Services Ltd reported a 1.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.1%.
- Its expenses for the quarter were up by 3.5% QoQ and 13.2% YoY.
- The net profit increased 42.6% QoQ and increased 41.5% YoY.
- The earnings per share (EPS) of Medi Assist Healthcare Services Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 190.40 | 187.14 | 169.88 | 1.7% | 12.1% |
Total Expenses | 163.19 | 157.64 | 144.17 | 3.5% | 13.2% |
Profit Before Tax | 27.20 | 29.49 | 25.71 | -7.8% | 5.8% |
Tax | -2.73 | 8.53 | 4.41 | -132.0% | -161.9% |
Profit After Tax | 29.97 | 21.01 | 21.18 | 42.6% | 41.5% |
Earnings Per Share | 4.20 | 3.00 | 2.90 | 40.0% | 44.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Medi Assist Healthcare Services Ltd operates within the healthcare industry, primarily focusing on providing health insurance administration services. The company is known for facilitating health benefits administration, offering services such as cashless hospitalization, member support, and claims processing. Medi Assist plays a crucial role in the ecosystem by connecting insurers, hospitals, and policyholders. As a third-party administrator (TPA), the company streamlines healthcare services for its clients, improving the efficiency of health insurance processes. Recent developments for Medi Assist would typically include technological advancements in their service offerings, partnerships with healthcare providers, or expansions in their network, although specific recent events are not detailed in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Medi Assist Healthcare Services Ltd reported a total income of ₹190.40 crores. This represents a quarter-over-quarter (QoQ) increase of 1.7% from ₹187.14 crores in Q2FY25. On a year-over-year (YoY) basis, the company's total income grew by 12.1% from ₹169.88 crores in Q3FY24. The consistent increase in total income highlights the company's ability to expand its revenue base over the past year. Such increases could be attributed to a variety of factors, including increased demand for health insurance services, expanded partnerships, or enhancements in service delivery, though specific drivers are not identified in the data provided.
Profitability
Medi Assist Healthcare Services Ltd's profitability metrics for Q3FY25 show a mixed performance. The Profit Before Tax (PBT) for the quarter was ₹27.20 crores, which is a decrease of 7.8% QoQ from ₹29.49 crores in Q2FY25, but an increase of 5.8% YoY from ₹25.71 crores in Q3FY24. The company experienced a significant change in its tax expenses, reporting a tax credit of ₹-2.73 crores in Q3FY25 compared to a tax expense of ₹8.53 crores in Q2FY25, and ₹4.41 crores in Q3FY24. Consequently, the Profit After Tax (PAT) surged by 42.6% QoQ to ₹29.97 crores from ₹21.01 crores in Q2FY25, and 41.5% YoY from ₹21.18 crores in Q3FY24. Earnings Per Share (EPS) also saw a notable increase, rising to ₹4.20 in Q3FY25, which is a 40.0% increase QoQ from ₹3.00 in Q2FY25 and a 44.8% increase YoY from ₹2.90 in Q3FY24.
Operating Metrics
The company's operating metrics demonstrate a rise in both total income and total expenses. Total expenses for Q3FY25 amounted to ₹163.19 crores, a 3.5% increase from ₹157.64 crores in Q2FY25, and a 13.2% increase from ₹144.17 crores in Q3FY24. While expenses have increased, the growth in total income has outpaced the growth in expenses on a YoY basis, potentially reflecting operational efficiency or increased service volumes. The changes in tax impact and the resulting PAT suggest a significant improvement in net profitability despite the lower PBT, indicating effective cost management or favorable tax conditions during the period under review. However, detailed operational strategies or cost management practices have not been disclosed in the data provided.
