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AlphaStreet Analysis

Star Health and Insurance Ltd Q4FY23 results out, Profit soars by 224%

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.

  • Star Health and Insurance Ltd reported Total revenue for Q4 FY23 of ₹3,131 Crore, up from ₹2,801 Crore year on year depicting a growth of 12%.
  • Total Expenses for Q4 FY23 of ₹2,996 Crore down, from ₹2,918 Crore year on year, a growth of 3%. 
  • Consolidated Net Profit of ₹102 Crore, up 224% from -(₹82) Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹1.75, up 222% from -(₹1.43) in the same quarter of the previous year.
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