Conference Call with Firstsource Solutions Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Firstsource Solutions announced Q1FY23 Result : Revenues of Rs. 14,724 million Operating Margin of Rs. 1,171 million PAT of Rs. 851 million Revenues at Rs. 14,724 million (US$ 191 million), de-grew 0.8% YoY and 2.7% in CC Operating Margin (OM) at Rs. 1,171 million or 8.0% of Revenues Profit After Tax (PAT) at Rs. 851 million or 5.8% of revenues Diluted Earnings Per Share (EPS) of Rs. 1.21 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “I'm pleased to report that all Firstsource businesses experienced steady growth during Q1. Our US BFS business was an outlier where revenues in mortgages declined in the rapidly rising interest rate environment; this also impacted our profitability for the quarter. While we expect the macro headwinds to continue, we’re optimistic that a robust pipeline across each of our segments, combined with targeted investments in strategic areas, will help us drive sustained growth. As we look ahead, we are committed to strengthening our digital-first offerings to help our clients modernize their operations and become more efficient and resilient.” Result PDF
Firstsource Solutions declares Q4FY22 result: Revenues of Rs. 15,439 million; YoY growth of 5.5% Operating Margin of Rs. 1,751 million; 11.3% of Revenues PAT of Rs. 1,324 million; 8.6% of Revenues Revenues at Rs. 59,212 million (USS 795.2 million), 16.6% YoY and 14.6% in CC Operating Margin (OM) at Rs. 7,105 million or 12.0% of revenues Profit After Tax (PAT) at Rs. 5,374 million or 9.1% of revenues Diluted Earnings Per Share (EPS) of Rs. 7.62 26,557 employees as of March 31%, 2022 Financial Highlights for Quarter Ended March 31st, 2022: Revenues at Rs. 15,493 million (USS 205.5 million), 5.5% YoY and 3.1% in CC Operating Margin (OM) at Rs. 1,751 million or 11.3% of revenues Profit After Tax (PAT) at Rs. 1,324 million or 8.6% of revenues Diluted Earnings Per Share (EPS) of Rs. 1.88 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “Our Q4 results cap yet another resilient year. I’m pleased with how we strengthened our digital-first capabilities both organically and inorganically through targeted investments and acquisitions. We expect to deliver solid growth next year, despite the increasing interest rate and high inflation environment.” Result PDF