Star Health & Allied Insurance Company Ltd Q1FY24; 35% rise in Profits

Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment.

Financial Results:

Star Health & Allied Insurance Company Ltd reported Revenues for Q1FY24 of ₹3,294.00 Crores up from ₹2,891.00 Crore year on year, a rise of 13.94%.

Total Expenses for Q1FY24 of ₹2,909.00 Crores up from ₹2,605.00 Crores year on year, a rise of 11.67%.

Consolidated Net Profit of ₹288.00 Crores up 35.21% from ₹213.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.95, up 33.78% from ₹3.70 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.