Dolat Capital: Firstsource Solutions'   Stellar Q2 Performance Drives Up Guidance, Profitability  
Employees wear headsets while working at the Avise Techno Solutions LLP call center in Kolkata, India (Photograph Taylor Weidman/Bloomberg)

Dolat Capital: Firstsource Solutions' Stellar Q2 Performance Drives Up Guidance, Profitability  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Firstsource Solutions Ltd. reported above expectation results, with a sequential revenue growth of 13% at $160 million (our estimate 8%) led by sustained traction in banking financial services and insurance vertical (up 15% QoQ in dollar terms) and very sharp recovery in communication media technology segment (clocked 31% QoQ growth).

Strong offshore led growth led to operating profit margin improvement of about 40 basis points QoQ at 11.4% (our estimate 11.1%).

Click on the attachment to read the full report:

Dolat Capital FirstSource Q2FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.