Shares of the recently listed Sagility India surged around 8 percent on November 26 as investors cheered for the company's strong performance in the July-September quarter, marked by growth across all key parameters.
At 09.47 am, shares of Sagility India were trading at Rs 30.02 on the NSE.
The company reported a 30.5 percent on year growth in its net profit to Rs 163.60 crore while revenue grew around 21 percent to Rs 1,325 crore.
Meanwhile, operational performance also improved as the company's EBITDA rose 22 percent on year to Rs 337.80 crore, making up 25.5 percent of total revenue. Commenting on this, Sarvabhouman Srinivasan, Group Chief Financial Officer of the company said, “Our EBITDA margin is consistent with our historical performance, and we will continue to make investments in technology, AI (Artifical Intelligence) use cases to deliver superior outcomes and create value for our stakeholders.”
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Ramesh Gopalan, Managing Director and Group CEO, Sagility India further added the company's critical positioning in the US healthcare services space, driven by domain expertise and long-standing client relationships. Gopalan also remains optimistic over Sagility's future growth, anticipating a long runway backed by a combination of favorable industry dynamics, our strategic investments in advanced technologies including AI and a strong orientation towards creating value for our clients.”
The company's quarterly results came just two weeks after it made its market debut, listing a marginal premium of 3.53 percent against the offer price of Rs 30. The muted listing was much anticipated by the market as Sagility's public offer also fetched just 3.20 times subscription in its three-day bidding window.
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