Sagility India Reports 25.2% Revenue Growth and Doubled Net Profit in Q2
Sagility India, a technology-enabled healthcare solutions provider, announced impressive Q2 results. Revenue grew 25.2% year-over-year to ₹16,585.00 crore. Net profit more than doubled, increasing 113.8% to ₹2,508.00 crore. Adjusted EBITDA rose 25.6% to ₹4,352.00 crore. The company expanded its workforce to 44,185 employees and now operates 34 delivery centers across 5 countries. An interim dividend of ₹0.05 per share was declared.
*this image is generated using AI for illustrative purposes only.
Sagility India, a provider of technology-enabled business solutions for the U.S. healthcare industry, has announced financial results for the second quarter, demonstrating growth across key metrics.
Financial Highlights
The company reported a year-over-year increase in its consolidated performance for Q2:
| Metric | Q2 | YoY Growth |
|---|---|---|
| Revenue | ₹16,585.00 crore | 25.2% |
| Adjusted EBITDA | ₹4,352.00 crore | 25.6% |
| Net Profit | ₹2,508.00 crore | 113.8% |
| Adjusted PAT | ₹3,010.00 crore | 84.0% |
Sagility's revenue reached ₹16,585.00 crore, up 25.2% from the same period last year. In constant currency terms, this growth stood at 20.0%. The company's organic year-over-year growth was 16.0% (11.1% in constant currency).
Profitability and Margins
Profitability saw improvements:
- Adjusted EBITDA increased to ₹4,352.00 crore, representing 26.2% of revenue.
- Net profit more than doubled to ₹2,508.00 crore, showing a 113.8% year-over-year growth.
- Adjusted PAT grew by 84.0% to ₹3,010.00 crore, constituting 18.1% of revenue.
Earnings Per Share
The company's earnings per share (EPS) reflected the financial performance:
- Basic EPS reached ₹0.54, a 113.8% increase year-over-year.
- Adjusted Basic EPS grew to ₹0.64, up 84.0% compared to the same quarter last year.
Half-Year Performance
For the first half, Sagility continued its growth:
| Metric | H1 | YoY Growth |
|---|---|---|
| Revenue | ₹31,974.00 crore | 25.5% |
| Adjusted EBITDA | ₹8,039.00 crore | 26.0% |
| Adjusted PAT | ₹5,007.00 crore | 62.4% |
Operational Highlights
- The company's workforce expanded to 44,185 employees by the end of Q2.
- Sagility now operates 34 delivery centers across 5 countries.
- The company was awarded Great Place to Work-Certified™ in India in September.
- Sagility Philippines won the "Service Excellence Company of the Year" at the Asia CEO Awards.
Management Commentary
Ramesh Gopalan, Managing Director and Group CEO, commented: "Our performance through the first half underscores Sagility's ability to sustain healthy growth in a changing marketplace. As our clients continue to deal with profitability pressures, we are bringing our domain expertise and transformational capabilities to help them reduce cost of operations."
Sarvabhouman Srinivasan, Group Chief Financial Officer, added: "Our margin profile continues to be robust, alongside strong growth. This is a result of disciplined cost management initiatives and operational efficiencies. We continue to generate strong operating cash flows and maintain a healthy balance sheet while progressively lowering debt."
Dividend Announcement
The Board of Directors has declared an interim dividend of ₹0.05 per share.
Sagility's Q2 performance, marked by revenue growth and improved profitability, reflects its position in the technology-enabled healthcare solutions market. The company's focus on operational efficiency and strategic growth initiatives appears to be yielding positive results in a competitive landscape.
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