BPO/KPO company Firstsource Solutions announced Q2FY23 results: Q2FY23: Revenues at Rs 14,882 million ($ 187 million), YoY growth of 4.2% and 1.8% in CC Operating Margin (OM) at Rs 1,254 million or 8.4% of Revenues Profit After Tax (PAT) at Rs 1,294 million or 8.7% of revenues Diluted Earnings Per Share (EPS) of Rs 1.84 H1FY23: Revenues at Rs 29,606 million ($ 378 million), YoY growth of 1.6% and degrowth of 0.5% in CC Operating Margin (OM) at Rs 2,425 million or 8.2% of Revenues Profit After Tax (PAT) at Rs 2,145 million or 7.2% of revenues Diluted Earnings Per Share (EPS) of Rs 3.05 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “Our second quarter results have been steady, despite the challenging global macro environment, validating our strategy to drive digital and ensure a diverse portfolio across our businesses. Normalizing for the structural shift in the Mortgage market, our growth has been consistent and is helping build a more balanced business mix. I am confident of long-term growth as the near-term macro head winds subside. Moreover, the multiple analyst recognitions demonstrate the value we add to our clients.” Result PDF
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