Firstsource Solutions - Operationally Healthy Performance: ICICI Direct

Firstsource Solutions Ltd. (Source: Company website)

Firstsource Solutions - Operationally Healthy Performance: ICICI Direct


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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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