Medi Assist Healthcare Services shares jumped 4.61% to ₹422.25 in Monday's trading session following the company's announcement of robust third-quarter results. According to reports from The Hindu BusinessLine, 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, with buy orders dominating at 64.11% against 35.89% sell orders, indicating positive market sentiment.
The health benefits administrator reported 24% year-on-year operating revenue growth for the nine-month period ended December 31, 2025. As reported by The Hindu BusinessLine, the company's consolidated revenue from contracts stood at ₹662.8 crore, while EBITDA was ₹126.3 crore with a margin of 19.1%. The company processed 72.91 lakh claims during the nine-month period and administered total premiums of ₹19,298.1 crore, registering 21.9% growth.
A key highlight was the company's balance sheet transformation with a free cash position of ₹200.1 crore. According to reports from The Hindu BusinessLine, the company reduced its debt from ₹243.4 crore in September 2025 to ₹39.4 crore by December 2025. The company became completely debt-free from January 2026 onwards, backed by healthy free cash of over ₹200 crore. CEO Satish Gidugu attributed this performance to the company's AI-powered technology platform and successful integration of Paramount TPA.
Medi Assist's market share in the Group and Retail premiums segment expanded to 21.1%, up 133 basis points year-on-year, while its Group market share grew to 32.2%. As reported by The Hindu BusinessLine, the company's proprietary technology offerings showed strong traction with 81.5% year-on-year revenue growth. Its MAven Guard platform flagged approximately ₹400 crore in potential fraud, up 65.9% from the previous year.