More Stories

Informist, Tuesday, Apr. 29, 2025

--Star Health Jan-Mar net profit INR 5.1 mln vs INR 1.42 bln year ago

--Star Health Jan-Mar net premium earned INR 37.98 bln vs INR 33.95 bln

--Star Health FY25 net profit INR 6.46 bln vs INR 8.45 bln year ago

--Star Health FY25 net premium earned INR 148.22 bln vs INR 129.38 bln

NEW DELHI – Star Health and Allied Insurance Co. Ltd. on Tuesday reported a huge drop in its Jan-Mar net profit after the underwriting loss widened further during the quarter. In the final quarter of 2024-25 (Apr-Mar), the insurer's profit after tax slumped to just INR 5.1 million, down 99.6% from INR 1.42 billion a year ago, missing analysts' estimates.

While Kotak Institutional Equities had predicted a loss of INR 30 million for the quarter ended March, Motilal Oswal Financial Services and YES Securities had forecast a net profit of INR 1.20 billion and INR 1.51 billion, respectively.

Shares of the insurer Tuesday ended at INR 398.20 on the National Stock Exchange, 0.1% higher from Monday's close. The company announced its results after market hours.

In Jan-Mar, while Star Health's net premium earned rose 12% year-on-year to INR 37.98 billion, total expenditure rose 17% to INR 40.73 billion because of a 16% rise in net commissions to INR 7.60 billion and 14% increase in claims paid to INR 26.55 billion. As a result, the underwriting loss, which is the difference between net premium earned and total expense, increased to INR 2.75 billion from INR 918.4 million in Jan-Mar 2024. The underwriting loss in Oct-Dec stood at INR 489.7 million.

For FY25 as a whole, Star Health's net profit was down 24% at INR 6.46 billion, with net premium earned 15% higher at INR 148.22 billion. The underwriting loss for the full year was INR 3.78 billion compared to a profit of INR 893.2 million in FY24.  End

Reported by Siddharth Upasani

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.