Firstsource Solutions - Operationally Healthy Performance: ICICI Direct

Firstsource Solutions Ltd. (Source: Company website)

Firstsource Solutions - Operationally Healthy Performance: ICICI Direct

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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.

ICICI Direct Report

Firstsource Solution Ltd.’s dollar revenue increased 8.2% QoQ to $199.9 million.

Ebit margins increased 60 basis points QoQ to 12.6% mainly led by higher gross margins.

The company has incurred one-off exceptional expense of Rs 109 crore.

Hence, profit after tax declined 61% QoQ to Rs 46.7 crore.

Adjusting for the exceptional item, profit after tax increased 8.1% QoQ to Rs 130.9 crore.

The company has guided 15-18% YoY growth in FY22E revenues in constant currency terms and operating margins in the range of 11.8-12.3%.

Click on the attachment to read the full report:

ICICI Direct Firstsource Company Update.pdf

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