The Bengaluru-based company reported a 21.7% year-on-year increase in net profit to ₹28 crore for the first quarter, compared with ₹23 crore in the year-ago period.
When we look at the topline numbers, the revenue from operations for the health and insurance tech company for the quarter that ended in June rose 24% YoY to ₹236.5 crore from ₹190.5 crore.
Looking at operational profitability, the Earnings Before Interest, Taxes, Depreciation, and Amortisation or EBITDA increased 13.2% YoY to ₹48 crore, compared with ₹42.3 crore in Q1 last year. However, the EBITDA margin contracted to 20.2% from 22.2% a year ago.
Overall, the company delivered strong revenue and profit growth during the quarter, although profitability at the operating level was impacted by the decline in EBITDA margin.
Kenneth Andrade, Founder & Chief Investment Officer of Old Bridge Asset Management, while speaking to CNBC-TV18, said that the company has a niche business with a dominant market position.
While recent investments and acquisitions have weighed on financial ratios, Andrade said investors should remain patient as capital efficiency typically softens during expansion cycles.When we look at the company’s share closed in the red on Friday, with a drop of 0.59%. In the past 6 months of trade, the company’s shares have dipped by 13.35%. The current price of the stock is at ₹365.00, which is a 38.56% decline from the 52-week high of ₹594.10 per share.
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First Published: Aug 8, 2026 4:24 PM IST
