November 2024 IPO: Stock Under Rs 35 Posts Over 3 Times Surge in Net Profit
The company has reported a staggering 236 per cent year-on-year (YoY) growth in Q2 FY25 net profit, reaching Rs 117.34 crore compared to Rs 34.96 crore in the corresponding quarter of the previous fiscal year.
Sagility India Limited, a healthcare-focused technology-enabled solutions provider, has reported a staggering 236 per cent year-on-year (YoY) growth in Q2 FY25 net profit, reaching Rs 117.34 crore compared to Rs 34.96 crore in the corresponding quarter of the previous fiscal year. The company, which primarily serves U.S.-based clients in the healthcare payer and provider segments, demonstrated significant growth across key financial metrics.
Financial Performance
Sagility's revenue from operations in Q2 FY25 stood at Rs 1,325.05 crore, reflecting a 21.1 per cent increase from Rs 1,094.10 crore in the same quarter of the previous fiscal year. The company’s operating earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 28.6 per cent to Rs 301.14 crore in Q2 FY25, up from Rs 234.08 crore in Q2 FY24. Sagility also saw an improvement in its EBITDA margin, which expanded by 90 basis points to 22.3 per cent in Q2 FY25, compared to 21.4 per cent in the corresponding quarter of the previous year.
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About the Company
Incorporated in July 2021, Sagility India Limited (formerly Berkmeer India Pvt. Ltd) provides technology-driven solutions tailored to the healthcare sector. Its services are designed to meet the needs of U.S.-based clients in the payer and provider categories.
Stock Market Performance
Sagility India Limited launched its IPO between November 5 and November 7, 2024. The company’s stock was listed on November 12, 2024, at Rs 31.06, reflecting a 3.53 per cent premium over its allotment price of Rs 30.
As of now, Sagility has a market capitalization of Rs 14,764.91 crore. Reflecting the strong financial results, the stock surged by 9.97 per cent in Tuesday’s intraday session.
Disclaimer: This article is for informational purposes only and not investment advice.