Satish VN Gidugu, Chief Executive Officer, Medi Assist
Medi Assist Healthcare Services shares jumped 4.61 per cent to ₹422.25 in Monday’s trading session, following the company’s announcement of robust third-quarter results that showed 24 per cent revenue growth and achievement of debt-free status.
The health benefits administrator, which reported its Q3 and nine-month FY26 results on Sunday, posted 24 per cent year-on-year operating revenue growth for the nine-month period ended December 31, 2025. The company’s consolidated revenue from contracts stood at ₹662.8 crore, while EBITDA was ₹126.3 crore, with a margin of 19.1 per cent.
A key highlight was the company’s balance sheet transformation, with a free cash position of ₹200.1 crore and debt reduced from ₹243.4 crore in September 2025 to ₹39.4 crore by December 2025. The company became completely debt-free from January 2026 onwards.
The stock opened at ₹399.55, below its previous close of ₹403.65, but gained momentum in morning trade to hit a high of ₹425. Trading volumes stood at 1.16 lakh shares with a traded value of ₹4.75 crore by noon. Buy orders dominated at 64.11 per cent against 35.89 per cent sell orders, indicating positive market sentiment.
Medi Assist’s market share in the Group and Retail premiums segment expanded to 21.1 per cent, up 133 basis points year-on-year, while its Group market share grew to 32.2 per cent. The company processed 72.91 lakh claims during the nine-month period and administered total premiums of ₹19,298.1 crore, registering 21.9 per cent growth.
The company’s proprietary technology offerings showed strong traction, with 81.5 percent year-on-year revenue growth. Its MAven Guard platform flagged approximately ₹400 crore in potential fraud, up 65.9 per cent from the previous year.
CEO Satish Gidugu attributed the performance to the company’s AI-powered technology platform and successful integration of Paramount TPA, whose business was transferred to Medi Assist TPA effective February 1, 2026.
Published on February 9, 2026