Indegene Limited Reports Strong Q1 Performance with 32.7% Profit Growth
Indegene Limited reported robust financial results for Q1 FY24 ended June 30. Revenue from operations increased by 12.5% year-over-year to ₹7,608.00 million. EBITDA grew by 15.7% to ₹1,536.00 million, with a margin of 20.2%. Profit after tax surged by 32.7% to ₹1,164.00 million. Enterprise Commercial Solutions and Enterprise Medical Solutions segments showed strong growth of 18.8% and 12.8% respectively. The company's 'Tectonic' initiative has started generating revenue, and Indegene maintained strong client relationships with 40 clients contributing over $1 million in revenue.

*this image is generated using AI for illustrative purposes only.
Indegene Limited , a digital-first life sciences commercialization company, has reported a strong start to the fiscal year with impressive financial results for the first quarter ended June 30.
Financial Highlights
- Revenue from operations increased by 12.5% year-over-year to ₹7,608.00 million
- EBITDA grew by 15.7% to ₹1,536.00 million, with a margin of 20.2%
- Profit after tax surged by 32.7% to ₹1,164.00 million
- Basic earnings per share improved to ₹4.86 from ₹3.79 in the same quarter last year
Segment Performance
Indegene's business segments showed varied performance:
Segment | Revenue (₹ million) | YoY Growth |
---|---|---|
Enterprise Commercial Solutions | 4,453.00 | 18.8% |
Enterprise Medical Solutions | 2,132.00 | 12.8% |
Brand Activation | 758.00 | -8.0% |
Others | 265.00 | -12.7% |
The company's core segments, Enterprise Commercial Solutions and Enterprise Medical Solutions, demonstrated robust growth of 18.8% and 12.8% year-over-year, respectively. However, the Brand Activation segment (formerly known as Omnichannel Activation) experienced a decline of 8.0%.
Strategic Initiatives and Market Recognition
Indegene has made significant strides in its strategic initiatives:
- The company's 'Tectonic' initiative, aimed at moving upstream in the marketing value chain, has started generating revenue.
- Indegene maintained strong client relationships, with 40 clients contributing over $1 million in revenue.
- The company received recognition from industry analysts, including leadership positions in Everest Group's Life Sciences AI and Analytics Services PEAK Matrix® Assessment and ISG's Provider Lens™ for Life Sciences Digital Services in Commercial Operations.
Management Commentary
Manish Gupta, Chairman and CEO of Indegene, stated, "We continued our growth momentum in Q1, delivering 1.8% growth QoQ in USD. This reflects a strong start to the year and indicates good traction with our clients and from recent deal wins."
Suhas Prabhu, CFO, added, "In Q1, we maintained our trajectory of stable and profitable growth. Both EBITDA margins and PAT margins were on stable lines, even as we continued investing in scaling Tectonic engagements."
Additional Information
- The board approved share allotment under the ESOP 2020 Plan.
- A final dividend of ₹2.00 per share was paid for the financial year 2024-25.
- Total comprehensive income reached ₹1,331.00 million compared to ₹869.00 million in the previous year quarter.
Outlook
Indegene remains focused on its growth strategy, including:
- Strengthening capabilities in Enterprise Commercial Solutions and Enterprise Medical Solutions
- Implementing the Malcolm Baldrige Model to drive operational excellence
- Pursuing M&A opportunities in areas such as Data & Analytics and Medical capability enhancement
The company's strong cash position and balance sheet provide a solid foundation for future growth and expansion initiatives.
Indegene continues to leverage its digital-first approach and deep healthcare expertise to serve the world's top 20 biopharma companies, positioning itself for sustained growth in the evolving life sciences commercialization landscape.
Historical Stock Returns for Indegene
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+6.32% | +3.86% | +0.34% | -5.25% | -2.72% | +1.12% |