Highlights:
- Q2 FY22:
- Q2 FY2022 revenues stood at Rs. 15,826 million, a growth of 18.8%YoY.
- EBITDA for Q2 FY2022 was Rs. 2,269 million, a growth of 21.2% YoY.
- EBITDA margins stood at 14.3%in Q2 FY2022.
- Net profit for Q2 FY2022 was Rs. 1,365 million, a growth of 67.9% YoY; Net margins stood at 8.6%.
- Capital expenditure for the quarter was Rs. 744million.
- Reduction in gross debt of Rs.345 million in Q2 FY2022; As on September 30, 2021, Net Cash stood at Rs. 5,008million.
- Second Interim Dividend of Rs. 10/share.
- H1 FY22:
- Revenues increased to Rs. 31,331 million, a growth of 22.0% YoY.
- EBITDA stood at Rs. 4,590 million, a growth of 37.9%YoY. EBITDA margins was 14.6%.
- Net profit stood at Rs. 2,535million, a growth of 94.2% YoY. Net margins was 8.1%.
Speaking on the results, Partha DeSarkar, Executive Director and Global CEO of HGS said: “HGS reported an excellent performance in Q2 FY2022. Overall revenue for the quarter stood at Rs. 15,826 million, an increase of 18.8% YoY, while EBITDA grew by 21.2% YoY to Rs 2,269 million and PAT by 67.9% YoY to Rs 1,365 million.
The performance was driven by robust growth in revenues and margins of our UK business, our digital business as well as the healthcare business. Strong revenue growth coupled with savings from the hybrid working model helped us mitigate challenges arising from talent supply constraints to report increased EBITDA margins in Q2.
Today’s market continues to witness a strong demand for high value customer experience services. Our sustained investments in priority verticals, such as the UK public sector, and the 3As (automation, analytics and AI) in a cloud first model are creating newer opportunities for us. Clients want engagements that help them innovate, optimize and grow. The deals we have won in the last few months and our healthy pipeline exemplify this trend. Going forward, our strategy is to continue to invest in intelligently integrating people with technology to design enhanced experiences and position HGS as a preferred growth partner for our clients.”
