Operating revenue for Sagility India Limited increased by 21.1% year over year (YoY) to Rs 13,250 million in Q2 FY24 from Rs 10,939 million in Q2 FY23. While adjusted profit after tax (PAT) climbed by 30.5% YoY to Rs 1,636 million, adjusted EBITDA improved by 22.2% YoY to Rs 3,378 million, or 25.5% of revenue. In Q2, FY24, basic profits per share (EPS) increased by 207.4% YoY to Rs 0.25, while adjusted basic EPS increased by 19.5% YoY to Rs 0.35, according to the business.
Because of its specialised knowledge and established clientele, agility is crucial in the US healthcare services market. Our client engagements have continued to grow in size and length due to the tech-enabled solutions and services we have developed over the years to create best-in-class business outcomes for Payers and Providers. We have a long growth runway, supported by favourable industry dynamics, strategic investments in cutting-edge technologies like artificial intelligence, and a strong focus on adding value for our clients,” stated Ramesh Gopalan, managing director and group CEO of Sagility India Limited.
The company’s revenue for the half-year that ended on September 30, 2024, increased 15.3% year over year to Rs 25,484 million. At Rs 6,538 million, adjusted EBITDA represented 25.7% of revenue and a 12.8% YoY increase. Basic EPS climbed by 69.7% YoY to Rs 0.31, while adjusted PAT improved by 15.1% YoY to Rs 3,083 million. At Rs 0.68, adjusted basic EPS increased 8.3% year over year. At 114%, the operational cash flow (OCF) to EBITDA ratio was present.
“We will continue to invest in technology and AI use cases to deliver superior outcomes and create value for our stakeholders, and our EBITDA margin is consistent with our historical performance.” Sagility India Limited’s group chief financial officer, Sarvabhouman Srinivasan, also mentioned.
