Shares of Sagility India rose 10% for the second consecutive session on Wednesday, November 27 to reach a new all-time high of Rs 34.69 per share.
The surge followed the company’s strong financial performance for the quarter ended September 2024.
The company, which reported its financials on Monday, 236% year-on-year (YoY) increase in its profit after tax (PAT) for Q2FY25, which reached Rs 117.34 crore, up from Rs 34.96 crore in the same quarter last year.
Revenue for the quarter also saw a solid 21% YoY growth to reach Rs 1,325 crore, up from Rs 1,094.10 crore in Q2FY24. On the other hand, its EBITDA grew by 20.3% YoY to Rs 316.5 crore, though its EBITDA margin slightly decreased to 23.9%, compared to 24.1% in the previous year.
As of September 30, 2024, the company had 45 active clients, and its client Net Promoter Score (NPS) improved to 53. It has expanded its global presence and operates in five countries and managing 32 delivery centres.
Sagility occupies a critical position in the US healthcare services space, supported by domain expertise and long-standing client relationships. Over the years, we have built tech-enabled solutions and services to deliver best-in-class business outcomes for payers and providers, resulting in continued growth in the size and duration of our client engagements,
Our runway for growth is long and is backed by a combination of favorable industry dynamics, strategic investments in advanced technologies, including AI, and a strong focus on creating value for our clients.
Said Ramesh Gopalan, Managing Director and Group CEO of Sagility
Sagility India had a weak debut on the stock market on November 12 to list 2.3% below its IPO price of Rs 30 per share. The stock continued to struggle for the next eight sessions before gaining momentum following the release of its strong financial results.
