Star Health and Allied Insurance Company Limited has submitted to the Exchange, the standalone audited financial results for the quarter and financial year ended March 31, 2026.
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Star Health posted FY2026 net profit of approximately Rs 64.5 crore with basic EPS of Rs 9.47, down from FY2025 EPS of Rs 11.01, representing a profit decline. Net written premium grew 7.65% to Rs 1,555 crore from Rs 1,442 crore. The company recognized an incremental Rs 18.63 crore gratuity expense due to new labour codes, which impacted full-year profits. The solvency ratio remained healthy at 205%, well above the IRDAI minimum of 150%. The joint statutory auditors (T R Chadha & Co and MSKA & Associates) issued an unmodified (clean) opinion with no qualifications or emphasis of matter. The company also allotted 6.17 lakh equity shares during the year under ESOP 2019 and granted 52.36 lakh ESOPs under ESOP 2024. From FY2027, the company will transition to Indian Accounting Standards (Ind AS) as per IRDAI notification.
Profit decline year-on-year with lower EPS could weigh on investor sentiment, though the company maintained strong solvency and premium growth. The clean audit opinion and healthy solvency ratio provide some comfort.