Star Health Q4 Results: Profit crashes 99.76%

Star Well being This autumn Outcomes: Star Well being and Allied Insurance coverage Firm on Tuesday reported a staggering 99.76 per cent decline in its web revenue to Rs 0.51 crore for the fourth quarter of the monetary yr 2024-25 (This autumn FY25), as in comparison with Rs 215.14 crore in Q3. The year-on-year (YoY) comparability paints an equally grim image. The corporate’s web revenue tumbled 99.64 per cent from Rs 142.32 crore reported in the identical quarter final yr (This autumn FY24).

This steep erosion in earnings has dealt a heavy blow to the corporate’s backside line, each on a quarter-on-quarter (QoQ) and YoY foundation.

Complete bills climbed to Rs 4,073.49 crore within the March quarter, up 5.8 per cent from Rs 3,848.66 crore in Q3 and 16.8 per cent from Rs 3,487.17 crore in a year-ago interval.

The sharp rise in bills, particularly from rising declare settlements and operational prices, seems to have worn out the advantages of upper premium revenue.

The autumn in revenue got here regardless of a formidable surge in gross premium written — the whole quantity of premium revenue an organization earns from all insurance policies it sells — which rose to Rs 5,138.01 crore in This autumn, up 35.3 per cent from Rs 3,796.12 crore within the earlier quarter.

Nevertheless, the good points in income have been overshadowed by an increase in bills, in accordance with its inventory trade submitting.

This disappointing quarter follows a difficult Q3 as effectively, the place Star Well being had already reported a 25.7 per cent YoY fall in web revenue to Rs 215.1 crore, down from Rs 289.6 crore a yr in the past interval.

Nevertheless, the corporate reported a 15.4 per cent YoY rise in web earned premium to Rs 3,799.7 crore in Q3.

It witnessed a forty five.8 per cent decline in EBIDTA to Rs 152.5 crore in Q3.
Shares of Star Well being closed at Rs 399, up by Rs 1.10 or 0.28 per cent on the Nationwide Inventory Change (NSE) on Tuesday.