Financial Performance (Consolidated)

Quarterly Performance (₹ in Millions)

Q4 FY26 Results:

  • Revenue from Operations: ₹6.78 million
  • Total Income: ₹6.90 million
  • Operating Expenses: ₹5.10 million
  • EBITDA: ₹1.80 million (26.07% margin)
  • Finance Cost: ₹0.27 million
  • Depreciation and Amortization: ₹0.41 million
  • PBT: ₹1.11 million
  • PAT: ₹0.72 million
  • EPS: ₹0.01

Comparison with Previous Quarters:

  • Q3 FY26 Revenue: ₹6.78 million, EBITDA: ₹1.42 million (20.86% margin), PAT: ₹0.52 million
  • Q4 FY25 Revenue: ₹6.49 million, EBITDA: ₹1.18 million (17.83% margin), PAT: ₹0.23 million

Annual Performance (₹ in Millions)

FY26 Full Year Results:

  • Revenue from Operations: ₹26.73 million
  • Total Income: ₹26.89 million
  • Operating Expenses: ₹20.58 million
  • EBITDA: ₹6.31 million (23.48% margin)
  • Finance Cost: ₹0.83 million
  • Depreciation and Amortization: ₹1.83 million
  • PBT: ₹3.64 million
  • PAT: ₹2.58 million
  • EPS: ₹0.04

Year-over-Year Comparison:

  • FY25 Revenue: ₹25.68 million, EBITDA: ₹5.51 million (21.30% margin), PAT: ₹2.53 million

Financial Metrics Growth

  • Revenue CAGR (FY22-26): 23%
  • EBITDA CAGR (FY22-26): 26%

Business Overview

Geographic Presence

Company operates insurance brokerage business across multiple countries:

  • India
  • Sri Lanka
  • Kenya
  • Maldives

Portfolio Spread

GWP Location-wise (INR million, US$ million):

  • Geographic distribution shown but specific figures not quantified in disclosure

GWP Mix By Geography (FY26):

  • Breakdown provided but specific percentages not quantified in disclosure

Revenue by Line of Business (% share, FY26):

  • Line of business distribution shown but specific percentages not quantified in disclosure

GWP Mix from Different Verticals (FY26):

  • Vertical-wise distribution shown but specific percentages not quantified in disclosure

Operational Metrics

  • 15+ years of consistent growth
  • Operations in multiple countries
  • Partnerships with insurance companies worldwide
  • 15% equity held by leadership team

Industry Landscape Analysis

India Non-Life Insurance Market

  • Penetration: 1% (vs 4% in stable economies)
  • General Insurance GWP: ₹3.36 lakh crore, 9.3% YoY growth
  • Estimated 16% CAGR growth over 5 years to reach ~₹6 lakh crore
  • Health insurance market share: 40.8%
  • Motor insurance market share: 32.2%
  • Insurance brokers share: 36% in FY25 (vs 25% in FY20)
  • Brokers contribute 52.99% of Group Health business, 10.77% of Individual Health business

Sri Lanka Non-Life Insurance Market

  • Penetration: 1.08%
  • GWP 2024: LKR 13.8 lakh crore, 10.9% YoY growth
  • Estimated 10% CAGR growth over 5 years
  • Insurance brokers share: 15.5% in FY24 (vs 13.4% in FY20)

Maldives Non-Life Insurance Market

  • GWP: MVR 1.6 billion, 22% YoY growth
  • Estimated 18% CAGR growth over 5 years

Kenya Non-Life Insurance Market

  • GWP: KES 205.3 billion, 7.9% YoY growth
  • Estimated 15% CAGR growth over 5 years

Opportunity Map by Segment

Presentation included segment attractiveness matrix across geographies:

  • Health/Medical: High opportunity in India, Kenya, Maldives; Medium in Sri Lanka
  • Motor: High in Sri Lanka, Kenya; Medium in India, Maldives
  • Fire & Property: High in Sri Lanka, Maldives; Medium in India, Kenya
  • Engineering/Projects: High in India, Sri Lanka; Medium in Kenya, Maldives
  • Marine/Travel: High in Maldives; Medium in Sri Lanka, Kenya; Low in India
  • Specialty/Liability: Medium across most geographies

Technology Stack

Company utilizes technology platform for insurance brokerage operations, though specific details not provided.

Roadmap

Future strategic direction outlined but specific initiatives and timelines not quantified in disclosure.