Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HGS announces Q2 earnings for FY2020

Posted On: 2019-11-12 10:19:41

Hinduja Global Solutions (HGS) (listed in BSE & NSE) today announced its unaudited Second Quarter and Half Year results for FY2020.

Speaking on the results, Partha DeSarkar, CEO of HGS said: "HGS posted a robust revenue growth in Q2 FY2020, driven by demand across Healthcare and CES (Consumer Engagement Services) verticals. Overall revenues for Q2 stood at Rs. 12,906 million, an increase of 11.4% YoY. From a margin perspective, Q2 EBITDA margins improved to 13.3% as per expectations.

Led by growth from existing clients and increased operational efficiencies, all our major geographies have shown strong revenue growth and improved profitability. Healthcare vertical posted strong growth, with higher volumes and new clients going live.

We continue to invest significantly in technology-led BPM services. In Q2, we launched HGS Digital, a new practice focused on providing high-end digital strategy and transformative digital-first solutions to clients. With seven wins in the quarter, we expect HGS Digital to open up big opportunities for us going forward.

The sales pipeline for H2 looks encouraging, and with Open Enrollment and Holiday Season coming up in Q3, HGS is well-positioned to deliver a better second half."

Financial Highlights for Q2 FY2020

- HGS reported a YoY revenue growth of 11.4% to Rs. 12,906 million
- Revenue growth in constant currency terms was 11.5%
- EBITDA was Rs. 1,711 million, up by 120.5% YoY; EBITDA margins stood at 13.3%
- Net profit was Rs. 491 million, a YoY increase of 9.7%; Net margins stood at 3.8% %
- Capital expenditure for the quarter was Rs. 310 million
- Generated 179% of the Q2 FY2020 EBITDA into Free Cash due to collections of receivables
- Reduction in gross debt of Rs. 270 million in H1 FY2020; As on 30th September, 2019 gross debt was Rs 5,726 million and net cash was Rs298mn.

- Second Interim Dividend of Rs 2.50 /share

Financial Highlights for H1 FY2020

- Net Sales increased to Rs. 25,811 million, a YoY revenue growth of 14.2%; and in constant currency, growth was 13.3% YoY
- EBITDA stood at Rs. 3,207 million; EBITDA margin was 12.4%
- Net profit was Rs. 896 million; Net margins stood at 3.5%

Shares of HINDUJA GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.585 as compared to the previous close of Rs. 589.5. The total number of shares traded during the day was 151 in over 24 trades.

The stock hit an intraday high of Rs. 590.2 and intraday low of 580. The net turnover during the day was Rs. 87923.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Glenmark's Baddi manufacturing facility receives Certificate of Compliance from European regulator, SUKL, Czech Republic

RIL arm enters into agreement with Brookfield for investment of Rs. 25215 crore

Sun Pharma gets 8 observations from US FDA for Halol Facility

Infibeam Avenues Ltd appoints Mr. R Srikanth as President - Finance & Investor Relations

Aster RV Hospital Organizes Inclusive Dance and Music Festival for the Differently Abled

Titan Company Launches 'Fastrack Perfumes', announces Ananya Panday as the New Face

Vedavaag Systems Limited and 1mg.com enter into MoU

Asian Oilfield Services Ltd secures Rs 640-crore seismic data acquisition work

Jubilant Industries subsidiary to recommence operations from May 15, 2020

Adani Transmission Limited receives LoI for Transmission Project in the State of Maharashtra

R Systems International Limited Board approves interim dividend of Rs. 1.50 for 2019

Prabhat Technologies launches parenteral control mobile application

Karnataka Bank launches KBL Xpress Car Loan

Aditya Vision Ltd opens 41st showroom

Hester Biosciences Ltd board to consider fund raising through issue of equity shares

Ashiana Housing Ltd announces conversion of EoI into booking for Phase 1 of 'Ashiana Aditya'

CARE A1+ rating assinged to Shree Cement's Commercial Paper

ABANS ENTERPRISES LTD announces resignation of CFO

RIL arm acquires 51.78% stake in Asteria

REC Ltd transfers stake in Rampur Sambhal Transco Limited to Powergrid

Wipro Promax Analytics Solutions recognised by Promotion Optimization Institute

Zensar participates in the 'Women in the Workplace 2019' report by McKinsey and LeanIn.Org

AU Bank announces the completion of Temasek's investment for 4.8% stake

BGR Energy Systems bags order from TANGEDCO

Acuite Ratings reaffirms A3+ rating for Dynacons' short term instruments

Premier Explosives Ltd receives license from Telangana Government

Kansai Nerolac dedicates an exclusive installation to Visakhapatnam under its 'Breathing City' initiative

TCS wins CII Industrial IP Award for Best Patents Portfolio

Metropolis Healthcare wins Patient Experience Team of the Year award

Mastek Limited sells its partial stake in Majesco to drive growth strategy

UFO Moviez Unveils New Brand Identity to Reinforce its Cinema Advertising Offering

Infosys Ltd updates on class action lawsuit

Magma Fincorp raises INR 350 Cr. from FMO - the Dutch Development Bank

Majesco Ltd to increase stake in Majesco USA to 74.6%

Smt. Usha Sangwan ceased to be nominee director of AXIS Bank Ltd

Vipin Sondhi appointed as MD & CEO of Ashok Leyland

Let us not forget our Fundamental duties in the clamour for Fundamental Rights

Biocon & Equillium Expand Exclusive Licensing Agreement for Itolizumab to Include Australia and New Zealand

IDEGO and EdgeVerve Join Hands to Drive RPA Adoption Across Latin America

Brickwork reaffirms ratings of SRG Housing Finance Limited

Sambhaav Media Ltd commences FM Radio Station at Bhaderwah (J&K) (94.3 MHz)

Embassy Group's HR Practices and Workplace Culture earns Top Rank in the Industry

Persistent Systems announces new leadership for unified Salesforce practice in Europe

Navin Fluorine International Ltd plans capex at Dahej, Gujarat

Datamatics to Strategically Divest its Stake in Cignex Datamatics Inc.

Aster DM Healthcare Ltd increases stake in Prerana Hospital Ltd to 86.99%

Kesar Enterprises Ltd accepts OTS with Allahabad Bank, UCO Bank

South African Depository Consolidates All Operations on to TCS BaNCS™ for Market Infrastructure

One of the leading Global Business Process Outsourcing Company Goes Live on Ramco

Wipro wins the '2019 SUSE Global System Integrator Partner of the Year' award







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019