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Star Health & Allied Insurance Company Ltd Q3FY24; 38% 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 Q3FY24 of ₹3,578.00 Crores up from ₹3,073.00 Crore year on year, a rise of 16.43%.

Total Expenses for Q3FY24 of ₹3,191.00 Crores up from ₹2,793.00 Crores year on year, a rise of 14.25%.

Consolidated Net Profit of ₹290.00 Crores up 38.1% from ₹210.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.95, up 36.74% from ₹3.62 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.

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