Star Health and Allied Insurance Co Ltd has informed the exchange about integrated filing financials for the quarter ended June 30,2025.
STARHEALTH · price
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Star Health submitted its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results to the exchanges, reviewed by joint statutory auditors MSKA & Associates and T R Chadha & Co LLP, who issued an unmodified limited review conclusion. Net Profit after Tax stood at Rs. 26,252 lakhs for the quarter, with a Solvency Ratio of 2.22x and a Combined Ratio of 99.19%, an improvement from 99.74% in Q1 FY25. Basic EPS was Rs. 4.47 versus Rs. 5.45 in the year-ago quarter. A key accounting change per IRDAI's October 2024 master circular now recognizes long-term premium on a 1/n basis, which reduced reported Gross Premium Written by Rs. 33,002.57 lakhs for the quarter (with no material P&L impact). The filing also notes a Rs. 339 lakh penalty levied by IRDAI in July 2025 over an August 2024 cybersecurity incident, which the company has provided for and is evaluating an appeal against. The company also allotted 20,000 equity shares under its ESOP 2019 scheme during the quarter.
Operational metrics are steady with an improving combined ratio and a comfortable solvency cushion well above the regulatory minimum, but reported premium growth is distorted by the new accounting policy. The IRDAI penalty and pending cybersecurity-related regulatory action remain a near-term overhang on sentiment.