On December 10, 2024, Sagility India’s share price was trading 5% higher at ₹43.48 during early trade. The stock opened at ₹43.48 marginally higher than its previous close of ₹41.41.
Sagility India reported an uptick in the consolidated net profit at ₹117.34 crore, driven by a 21.10% increase in revenue from operations, which stood at ₹1,325 crore compared to Q2 FY24.
Total expenses increased by 9.27% on-year to ₹1,180 crore during the quarter. Employee benefits expense grew by 19.38% YoY to ₹812.43 crore, while finance costs declined 38.49% to ₹29.70 crore.
Ramesh Gopalan, MD and Group CEO of Sagility attributed the company’s success to its strong position in the US healthcare services sector, underpinned by deep industry knowledge and long-standing client relationships.
He highlighted that Sagility has continuously built tech-enabled solutions, including AI-driven innovations, to offer superior business outcomes for healthcare payers and providers.
He also noted that the company’s long-term growth prospects are supported by favourable industry trends and strategic investments in advanced technologies.
Since December 4, 2024, Sagility India’s share price has been on a consistent upward trajectory. Starting at ₹35.92, the stock has gained steadily each day. By December 10, the price reached ₹43.48, reflecting a total increase of approximately 21% in just six trading days.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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