ICICI Direct: Firstsource Solutions Delivers Healthy Operating Performance In Q2
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. 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.
Click on the attachment to read the full report:
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.