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Medi Assist Healthcare Services (NSE:MEDIASSIST) Pretax Margin % : 16.22% (As of Mar. 2024)


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What is Medi Assist Healthcare Services Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Medi Assist Healthcare Services's Pre-Tax Income for the six months ended in Mar. 2024 was ₹540 Mil. Medi Assist Healthcare Services's Revenue for the six months ended in Mar. 2024 was ₹3,328 Mil. Therefore, Medi Assist Healthcare Services's pretax margin for the quarter that ended in Mar. 2024 was 16.22%.

The historical rank and industry rank for Medi Assist Healthcare Services's Pretax Margin % or its related term are showing as below:

NSE:MEDIASSIST' s Pretax Margin % Range Over the Past 10 Years
Min: 13.3   Med: 19.7   Max: 20.52
Current: 13.3

NSE:MEDIASSIST's Pretax Margin % is ranked better than
80.95% of 21 companies
in the Healthcare Plans industry
Industry Median: 2.37 vs NSE:MEDIASSIST: 13.30

Medi Assist Healthcare Services Pretax Margin % Historical Data

The historical data trend for Medi Assist Healthcare Services's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Medi Assist Healthcare Services Pretax Margin % Chart

Medi Assist Healthcare Services Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Pretax Margin %
18.91 20.49 20.52 13.30

Medi Assist Healthcare Services Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Pretax Margin % Get a 7-Day Free Trial - 20.09 20.92 10.07 16.22

Competitive Comparison of Medi Assist Healthcare Services's Pretax Margin %

For the Healthcare Plans subindustry, Medi Assist Healthcare Services's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Medi Assist Healthcare Services's Pretax Margin % Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Pretax Margin % falls into.


Medi Assist Healthcare Services Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Medi Assist Healthcare Services's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=843.87/6347.25
=13.30 %

Medi Assist Healthcare Services's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=539.8/3327.69
=16.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Medi Assist Healthcare Services  (NSE:MEDIASSIST) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Medi Assist Healthcare Services Pretax Margin % Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Pretax Margin %
Comparable Companies
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544088:India
Address
Website
Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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