were trading 8.29 per cent lower at ₹510.50 on the as of Thursday afternoon, despite the company reporting a 21.4 per cent year-on-year growth in operating revenue for the first half of fiscal 2026. The stock opened at ₹529 and hit a low of ₹504.70 during the session, with over 8.18 lakh shares changing hands by mid-afternoon.
The health benefits administrator reported operating revenue of ₹423.1 crore for H1-FY26, up from the previous year, while total income reached ₹432.8 crore. However, profit after tax declined 23.3 per cent to ₹30.7 crore, which appears to have weighed on investor sentiment. For the second quarter alone, operating revenue grew 28.6 per cent to ₹232.5 crore, but PAT fell sharply by 61.5 per cent to ₹8.1 crore.
The company attributed the profit decline to costs related to its Paramount TPA acquisition, including financing costs, higher depreciation and amortization, and an elevated effective tax rate. Operating EBITDA for H1-FY26 grew 10.9 per cent to ₹81.7 crore, with margins at 19.3 per cent.
On operational metrics, Medi Assist’s premium under management grew 20.2 per cent to ₹12,719 crore, with market share in health insurance administration rising to 21.3 per cent from 19.2 per cent a year earlier. The company also completed its acquisition of Paramount TPA and launched a strategic technology partnership with Star Health & Allied Insurance during the period.
The stock has a 52-week high of ₹634.85 and a low of ₹415.25.