Sagility India share price skyrockets 8% after net profit rises 235.6% to ₹117 crore

The stock rose up to 8% to trade at ₹31 apiece on the NSE in the early trade. At 9:42 am, it was trading 5.3% higher at ₹30.21 per share.

On the BSE, the stock is up 5.5% to ₹30.25 a unit.

The stock is currently up 0.7% from the issue price.

Sagility India Q2 results

Sagility India's consolidated net profit rose 235.6% to ₹117.34 crore in the three-month period ended September 2024. In the year-ago period, post-tax profit was ₹34.96 crore.

Revenue from operations increased 21.1% to ₹1,325 crore in the quarter under review, compared to ₹1,094.1 crore in the corresponding period last fiscal year.

As of September 30, Sagility India, which has a presence in five countries with 32 delivery centres, had 45 active clients, and its client net promoter score (NPS) improved to 53.

At the end of Q2, the company had 38,380 employees with an attrition rate of 25.8%.

Commenting on the results, Ramesh Gopalan, Managing Director and Group CEO, said, "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 accretion to the size and duration of our client engagements."

Sarvabhouman Srinivasan, the company's Chief Financial Officer (CFO), said that Sagility's EBITDA margin is consistent, and the firm will continue to invest in technology and artificial intelligence (AI) use cases to deliver superior outcomes and create value for its stakeholders.