Firstsource Solutions Ltd consolidated Q1 FY2023-24 net profit slips QoQ to Rs. 125.98 crores

Firstsource Solutions Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1530.943 crores during the period ended June 30, 2023 as compared to Rs. 1569.484 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 125.988 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 141.304 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.80 for the period ended June 30, 2023 as compared to Rs. 2.02 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1530.943 crs	₹1569.484 crs	-2.46%
Net Profit	₹125.988 crs	₹141.304 crs	-10.84%
EPS	₹1.80	₹2.02	-10.89%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1530.943 crores during the period ended June 30, 2023 as compared to Rs.1478.709 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.125.988 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.85.090 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.80 for the period ended June 30, 2023 as compared to Rs.1.21 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1530.943 crs	₹1478.709 crs	3.53%
Net Profit	₹125.988 crs	₹85.090 crs	48.06%
EPS	₹1.80	₹1.21	48.76%

Shares of Firstsource Solutions Limited was last trading in BSE at Rs. 147.05 as compared to the previous close of Rs. 144.45. The total number of shares traded during the day was 116977 in over 2023 trades.

The stock hit an intraday high of Rs. 147.45 and intraday low of 142.45. The net turnover during the day was Rs. 17001703.00.

Source : Equity Bulls

Keywords

FirstsourceSolutions Q1FY24 ResultUpdate