HINDUJA GLOBAL SOLUTIONS LTD. has reported financial results for the period ended March 31, 2020.
Financial Results (Q4 FY19-20) - QoQ Comparison
The company has reported total income of Rs.1294.61 crores during the period ended March 31, 2020 as compared to Rs.1283.06 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.43.27 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.71.34 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.20.70 for the period ended March 31, 2020 as compared to Rs.34.22 for the period ended December 31, 2019.
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Total Income | ₹ 1294.61 crs | ₹ 1283.06 crs | 0.9% |
Net Profit | ₹ 43.27 crs | ₹ 71.34 crs | -39.35% |
EPS | ₹ 20.70 | ₹ 34.22 | -39.51% |
Financial Results (Q4 FY19-20) - YoY ComparisonThe company has reported total income of Rs.1294.61 crores during the period ended March 31, 2020 as compared to Rs.1195.42 crores during the period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.43.27 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.54.76 crores for the period ended March 31, 2019.
The company has reported EPS of Rs.20.70 for the period ended March 31, 2020 as compared to Rs.26.27 for the period ended March 31, 2019.
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Total Income | ₹ 1294.61 crs | ₹ 1195.42 crs | 8.3% |
Net Profit | ₹ 43.27 crs | ₹ 54.76 crs | -20.98% |
EPS | ₹ 20.70 | ₹ 26.27 | -21.2% |
Financial Results (12 months ended FY 19-20) - YoY ComparisonThe company has reported total income of Rs.5043.63 crores during the 12 months period ended March 31, 2020 as compared to Rs.4513.93 crores during the 12 months period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.201.94 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.177.17 crores for the 12 months period ended March 31, 2019.
The company has reported EPS of Rs.96.79 for the 12 months period ended March 31, 2020 as compared to Rs.84.96 for the 12 months period ended March 31, 2019.
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Total Income | ₹ 5043.63 crs | ₹ 4513.93 crs | 11.73% |
Net Profit | ₹ 201.94 crs | ₹ 177.17 crs | 13.98% |
EPS | ₹ 96.79 | ₹84.96 | 13.92% |
Speaking on the results, Partha DeSarkar, Wholetime Executive Director and CEO of HGS said: "HGS continued its strong momentum of FY2020 in the fourth quarter. Despite the COVID-19 pandemic posing some challenges in March 2020 and the sale of the India Domestic CRM Business, our topline in Q4 FY2020 grew by 2.6% YoY to Rs. 13,186 million while EBIDTA was up by 26.4% YoY to Rs. 1,881 million. The growth was led by good performance in both Healthcare and CES (Consumer Engagement Services) verticals across geographies.
For the full-year FY2020, HGS recorded a topline of Rs. 52,354 million, a YoY revenue growth of 8.7%. On constant currency terms, growth was 9.5% while 1.9% came from exchange rate fluctuations. The reported growth is lower due to businesses sold off or exited. EBIDTA increased significantly by 62.4% YoY to Rs. 7,165 million, with margins closing at 13.7%. PAT for the year grew by 16.6% YoY to Rs 2,056 million.
HGS signed 29 new clients for core BPM services in FY2020. We have expanded our presence in the US, UK, India and Philippines to meet this demand. With the launch of HGS Digital as a brand combining all our technology-led services in September 2019, we saw good traction in this segment. Digital revenues grew by 24.7% in the year and account for 8.3% of overall revenues in FY2020.
With the impact of COVID-19 in the last few months, our topmost priority has been the safety and well-being of our employees. I am proud of my colleagues globally who have stepped up in this time of crisis and demonstrated their commitment to deliver 'business as usual' services from their homes to clients even as they manage personal responsibilities. Their resilience and attitude have been receiving great feedback from our clients.
With the global enterprises looking to increasingly leverage technology today led by COVID-19 needs, HGS has realigned its strategy to support this demand. Our service offerings such as Nursing Triage Services, Work@Home and Digital services such as Social Care and Digibots to engage with clients' employees are opening up big opportunities for us. We expect this trend to grow further. Looking ahead, we are confident of facing the challenges posed by Covid pandemic. We continue to strengthen and scale our Work from Home operations to service our clients, as well as maintain our focus on managing cost and improving the overall profitability of the business."
Shares of HINDUJA GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.811.6 as compared to the previous close of Rs. 810.35. The total number of shares traded during the day was 2291 in over 420 trades.
The stock hit an intraday high of Rs. 816.45 and intraday low of 794.3. The net turnover during the day was Rs. 1849691.
Source : Equity Bulls
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