Sagility India shares registered a strong rally in the stock market on November 27, 2024. The firm’s stock hit a fresh peak of Rs 34.69 apiece in the morning trading hours. This marked the second consecutive rally session for the company’s shares.
The recent hike in the shares was attributed to the firm’s robust financial performance reported in the second quarter of the current financial year 2024-25 (FY25), reported Livemint. In the financial results shared on Monday, the firm revealed that it clocked a 236 per cent jump in its profit after tax in the July-September quarter in FY25 to Rs 117.34 crore, in comparison to Rs 34.96 crore reported in the corresponding quarter a year earlier.
The revenue for the firm climbed 21 per cent to Rs 1,325 crore in the quarter under review, as against Rs 1,094.10 crore logged in the second quarter in the 2023-24 financial year (FY24). The firm’s EBITDA stood at Rs 316.5 crore in Q2FY25, climbing over 20 per cent from a year-ago period.
As of September end 2024, the firm said that it had 45 active clients and its client Net Promoter Score (NPS) improved to 53. The firm also expanded its presence globally and operates in five countries and manages 32 delivery centres, it revealed in the official earnings report.
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Sharing details about the firm’s performance, Ramesh Gopalan, MD and Group CEO said, “Our runway for growth is long and is backed by a combination of favorable industry dynamics, our strategic investments in advanced technologies, including AI, and a strong orientation towards creating value for our clients.”
As of 12:18 PM on Wednesday, the firm's shares pared their gains slightly and traded at Rs 32.94 apiece on the BSE, clocking a rise of more than 4 per cent.
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