On December 24, 2024, Sagility India’s share price traded 5% higher at ₹48.93 at 11:20 AM on the NSE, after opening at ₹47.90, higher than its previous close of ₹46.60. The stock reached its 52-week high of ₹47.00 yesterday. The stock has gained approximately 11.64% from December 16, 2024, until December 23, 2024
As per news reports, investors view Sagility as well-positioned in the healthcare sector and expect it to benefit from the rising outsourcing trend in the US healthcare market.
Sagility India reported a jump in its consolidated net profit to ₹117.34 crore, aided by a 21.10% rise in revenue from operations to ₹1,325 crore in Q2 FY25 compared to Q2 FY24.
Profit before tax for the July- September quarter of FY25 stood at ₹160.42 crore, against ₹43.37 crore in the same quarter last year.
Total expenses rose by 9.27% year-on-year to ₹1,180 crore during the quarter. Employee benefits expense reached ₹812.43 crore, up 19.38% year on year basis, while finance costs decreased by 38.49% to ₹29.70 crore in Q2 FY25.
Sagility India made a modest debut on the stock exchanges on November 12, following the completion of its initial public offering. The shares opened at ₹31.06 on the Bombay Stock Exchange (BSE), representing a 3.53% premium over the IPO allotment price of ₹30. Similarly, on the National Stock Exchange (NSE), the shares were listed at ₹31.06, reflecting the same 3.53% premium.
Sagility India, based in Bengaluru, is a healthcare-focused company that offers technology-driven services to clients in the US. Its services include claims management, revenue cycle management, payment integrity, and clinical care. The company serves health insurance providers, hospitals, doctors, and diagnostic centres.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 24, 2024, 11:35 AM IST
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