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ICICI Direct Report
Firstsource Solution Ltd. reported a healthy set of Q2 FY21 numbers.
Dollar revenues increased 13.6% QoQ led by healthy growth in top client, 15% QoQ growth in banking and financial services and 31.8% QoQ growth in communication, media and technology.
In rupee terms, revenue increased 20.6% YoY, and 11.8% QoQ. Ebitda margins increased 10 basis points QoQ to 15.8%.
Short-term debt declined from Rs 834. 1 crore to Rs 588.5 crore.
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