Star Health Q3 Profit Plunges 40% to Rs 128 Crore Amid Rising Expenses

• Star Health and Allied Insurance Company reported a 40% decline in net profit for Q3 FY25, falling to Rs 128 crore from Rs 215 crore year-on-year.
• Gross written premium saw an increase, reaching Rs 4,624 crore compared to Rs 3,796 crore in the same quarter last year.
• Total income for the quarter rose to Rs 4,445 crore from Rs 4,001 crore in the October-December period of FY25.
• Net income from investment decreased to Rs 192 crore, down from Rs 200 crore in the corresponding quarter of the previous year.
• Total expenses surged to Rs 4,375 crore, up from Rs 3,849 crore in Q3 of the prior fiscal year, contributing to the profit decline.

Why It Matters: Star Health's Q3 profit dropped significantly due to increased expenses and lower investment income, despite premium growth.