Firstsource Q2 results: Net profit surges 56% to Rs 105 cr

Firstsource Q2 results: Net profit surges 56% to Rs 105 cr


New Delhi: Business process management (BPM) services provider Firstsource Solutions on Wednesday posted 56.3 per cent rise in consolidated net profit to Rs 105.2 crore for the second quarter ended September 30. Its net profit (attributable to owners of the equity) stood at Rs 67.3 crore in the year-ago period, Firstsource said in a statement. Revenue from operations grew 21.2 per cent to Rs 1,178.3 crore in the reported quarter, from Rs 971.4 crore a year ago, it added.

“We delivered solid results in Q2 with broad-based growth as economies continue to recover. I’m pleased with the strong performance and new client acquisitions across our financial services, healthcare and Born Digital segments…Looking forward to continued growth momentum steered by our Digital First, Digital Now approach,” Sanjiv Goenka, Chairman, RPSG Group and Firstsource Solutions said.

During the quarter, Healthcare vertical accounted for about Rs 318.6 crore in revenues, Communication, Media and Technology Rs 221.9 crore, and Banking and Financial Services (BFS) Rs 611.5 crore.

About Rs 26.13 crore of the revenue from operations was contributed by diverse industries.

The company said it added 2,129 employees in the September 2020 quarter.
Credit: Stocks-Markets-Economic Times

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