ICICI Direct: Firstsource Solutions Delivers Healthy Operating Performance In Q2
Employees wear headsets while working at the Avise Techno Solutions LLP call center in Kolkata, India (Photograph Taylor Weidman/Bloomberg)

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:

ICICI Direct Firstsource Company Update.pdf


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