Sagility India's shares experienced a significant increase of approximately 8% on November 26, following the release of the company's strong Q2 earnings report.
The stock, which was trading at Rs 30.02 on the NSE, had a relatively quiet debut on the exchanges two weeks earlier.
The company reported a notable year-on-year increase of 30.5% in net profit, reaching Rs 163.60 crore, while revenue grew by around 21% to Rs 1,325 crore.
Furthermore, the company's operational performance showed improvement, with EBITDA rising by 22% year-on-year to Rs 337.80 crore, representing 25.5% of total revenue.
Sarvabhouman Srinivasan, Group Chief Financial Officer, emphasized the company's commitment to investing in technology and AI use cases to enhance outcomes and create value for stakeholders, while also highlighting that the EBITDA margin remains consistent with historical performance.