Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30, 33, 51, 52 of SEBI LODR
Audit Opinion:
Clean opinion - Limited review report issued by joint statutory auditors M/s. T R Chadha & Co LLP and M/s. MSKA & Associates LLP. No material misstatements identified.
Auditor's Comment: Based on limited review, nothing has come to attention that causes belief that the financial results contain any material misstatement or have not disclosed required information.
Key Financial Highlights [Rs. in lakhs]:
Standalone Results:
Insurance Revenue under PAA: ₹491,720 lakhs (Q1 FY26: ₹433,642 lakhs; YoY growth: 13.4%)
Total Income: Not explicitly stated but derived from components
Net Profit: ₹54,973 lakhs (Q4 FY26: -₹5,540 lakhs; Q1 FY25: ₹43,818 lakhs)
EPS (Basic): ₹9.34 (Q4 FY26: -₹0.94; Q1 FY25: ₹7.45)
EPS (Diluted): ₹9.33 (Q4 FY26: -₹0.94; Q1 FY25: ₹7.45)
Other Equity: ₹10,14,423 lakhs (Q4 FY26: ₹9,57,812 lakhs; Q1 FY25: ₹9,10,971 lakhs)
Cash and Cash Equivalents: Not explicitly stated
Debt: Not explicitly stated
Analytical Ratios:
- Insurance Service Margin: 9.07% (Q4 FY26: 11.45%; Q1 FY25: 8.00%)
- Claims Ratio: 67.48% (Q4 FY26: 64.59%; Q1 FY25: 68.52%)
- Expense Ratio: 23.45% (Q4 FY26: 23.96%; Q1 FY25: 23.48%)
- Combined Operating Ratio: 90.93% (Q4 FY26: 88.55%; Q1 FY25: 92.00%)
- Solvency Ratio: 2.09 (Q4 FY26: 2.05; Q1 FY25: 2.22)
- Return on Equity: 5.57% (Q4 FY26: -0.61%; Q1 FY25: 4.93%)
- Gross Written Premium: ₹4,28,713 lakhs (Q4 FY26: ₹5,96,840 lakhs; Q1 FY25: ₹3,60,547 lakhs)
Consolidated Results:
Not separately disclosed - results presented are standalone only
Segment-wise Performance [Rs. in lakhs]:
Total Segment Income: ₹5,56,840 lakhs
Health Segment:
- Insurance Revenue: ₹4,86,790 lakhs
- Income from Investments: ₹63,881 lakhs
- Other Income: ₹745 lakhs
- Segment Profit: ₹54,557 lakhs
Personal Accident Segment:
- Insurance Revenue: ₹4,769 lakhs
- Income from Investments: ₹455 lakhs
- Other Income: ₹5 lakhs
- Segment Profit: ₹388 lakhs
Travel Segment:
- Insurance Revenue: ₹161 lakhs
- Income from Investments: ₹33 lakhs
- Other Income: ₹1 lakh
- Segment Profit: ₹28 lakhs
Corporate Actions:
Dividend: Not declared
Share Split/Bonus/Buyback: Not announced
Capital Raising: Not announced
Debenture Redemption: Board approved exercise of call option and redemption of 4,000 listed convertible debentures with interest due on September 30, 2026, and 700 listed convertible debentures with interest due on October 29, 2026
Other Significant Information:
Accounting Policy Change: Company adopted Indian Accounting Standards (Ind AS) with effect from FY2026-27 with transition date of April 1, 2025
Ind AS Reconciliation:
- Net Profit as per Previous GAAP (Q1 FY25): ₹26,252 lakhs → Ind AS: ₹43,818 lakhs
- Equity as per Previous GAAP (Mar 31, 2026): ₹55,698 lakhs → Ind AS: ₹91,104 lakhs
- Opening Equity as per Previous GAAP (Apr 1, 2025): ₹7,02,164 lakhs → Ind AS: ₹8,66,737 lakhs
Seasonality Note: Financial results for quarters are not indicative of full year's expected performance due to industry seasonality (higher claims during monsoon, higher premium income towards year-end)
Actuarial Certification: Appointed Actuary certified that IBNR reserves have been determined using actuarial principles and standards