Sagility India Limited’s revenue from operations grew by 21.1% year-on-year (YoY) to Rs 13,250 million in Q2 FY24, compared to Rs 10,939 million in Q2 FY23. The adjusted EBITDA rose by 22.2% YoY to Rs 3,378 million, accounting for 25.5% of revenue, while adjusted profit after tax (PAT) increased by 30.5% YoY to Rs 1,636 million. Basic earnings per share (EPS) witnessed a significant rise of 207.4% YoY to Rs 0.25 in Q2, FY24, while adjusted basic EPS grew by 19.5% YoY to Rs 0.35, the company stated.
“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. Our runway for growth is long and is backed by a combination of favourable industry dynamics, our strategic investments in advanced technologies including AI and a strong orientation towards creating value for our clients,” Ramesh Gopalan, managing director and group CEO, Sagility India Limited, said.
For the half-year ended 30 September, 2024, the company reported a 15.3% YoY growth in revenue, reaching Rs 25,484 million. Adjusted EBITDA stood at Rs 6,538 million, representing a 12.8% YoY growth and 25.7% of revenue. Adjusted PAT rose by 15.1% YoY to Rs 3,083 million, while basic EPS increased by 69.7% YoY to Rs 0.31. Adjusted basic EPS saw an 8.3% YoY growth, reaching Rs 0.68. The operating cash flow (OCF) to EBITDA ratio stood at 114%.
“Our EBITDA margin is consistent with our historical performance, and we will continue to make investments in technology, AI use cases to deliver superior outcomes and create value for our stakeholders.” Sarvabhouman Srinivasan, group chief financial officer, Sagility India Limited, added.