Stock Report

Firstsource Solutions Ltd reports consolidated PAT of Rs. 105.28 crore in Q2FY21



Posted On : 2020-10-28 13:43:28( TIMEZONE : IST )

Firstsource Solutions Ltd reports consolidated PAT of Rs. 105.28 crore in Q2FY21

FIRSTSOURCE SOLUTIONS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1189.78 crores during the period ended September 30, 2020 as compared to Rs.1062.06 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.105.28 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.88.67 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.50 for the period ended September 30, 2020 as compared to Rs.1.27 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 1189.78 crs₹ 1062.06 crsUp Tick 12.03%
Net Profit₹ 105.28 crs₹ 88.67 crsUp Tick 18.73%
EPS₹ 1.50₹ 1.27Up Tick 18.11%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1189.78 crores during the period ended September 30, 2020 as compared to Rs.993.36 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.105.28 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.67.39 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.50 for the period ended September 30, 2020 as compared to Rs.0.97 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 1189.78 crs₹ 993.36 crsUp Tick 19.77%
Net Profit₹ 105.28 crs₹ 67.39 crsUp Tick 56.22%
EPS₹ 1.50₹ 0.97Up Tick 54.64%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2251.85 crores during the 6 months period ended September 30, 2020 as compared to Rs.1971.70 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.193.96 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.158.56 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.2.77 for the 6 months period ended September 30, 2020 as compared to Rs.2.28 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 2251.85 crs₹ 1971.70 crsUp Tick 14.21%
Net Profit₹ 193.96 crs₹ 158.56 crsUp Tick 22.33%
EPS₹ 2.77₹2.28Up Tick 21.49%

Speaking on the results, Dr. Sanjiv Goenka, Chairman, RPSG Group and Firstsource Solutions said, "We delivered solid results in Q2 with broad-based growth as economies continue to recover. I'm pleased with the strong performance and new client acquisitions across our Financial Services, Healthcare and Born Digital segments. I commend the Firstsource team for their strength and resilience. Looking forward to continued growth momentum steered by our Digital First, Digital Now approach."

Shares of FIRSTSOURCE SOLUTIONS LTD. was last trading in BSE at Rs.74.95 as compared to the previous close of Rs. 74.95. The total number of shares traded during the day was 331327 in over 2001 trades.

The stock hit an intraday high of Rs. 76.75 and intraday low of 73.7. The net turnover during the day was Rs. 24958276.

Source : Equity Bulls

Keywords