Firstsource Solutions' Q4FY16 consolidated net profit rises 28% yoy to Rs.79.66 crore : Beats Estimates

India Infoline News Service | Mumbai | May 12, 2016 14:44 IST

The company’s consolidated revenue stood at Rs. 873.03 crore, up 6.75% qoq and 15.78% yoy.

Firstsource Solutions, Mumbai-based provider of BPO services, reported consolidated net profit of Rs. 79.66 crore for the quarter ended March 31, 2016, registering growth of 18.82% qoq and 27.83% yoy. The company’s revenue stood at Rs. 873.03 crore, clocking growth of 6.75% qoq and 15.78% yoy.

It's consolidated operating profit of Rs. 116.18 crore for the quarter, grew 15.57% qoq and 17.02% yoy. Operating profit margin for the current quarter at 13.31% expanded by 102 bps qoq and 14 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 264.96 crore, up by 13.08% yoy. It's consolidated revenue for the current period stood at Rs. 3,230.28 crore, registering growth of 6.45% yoy.

Firstsource Solutions consolidated core operating profit for the current period stood at Rs. 405.51 crore, increasing by 6.5% yoy. Operating margin for the current period at 12.7% expanded by 15 bps yoy.

On standalone basis, the company reported net profit of Rs.27.69 crore for the quarter ended March 31, 2016, registering decline of 36.07% qoq and 2.92% yoy. It’s revenue stood at Rs. 208.99 crore, declining 8.36% qoq and 5.31% yoy.

Firstsource Solutions' operating profit of Rs. 35.48 crore for the quarter, declined 39.93% qoq and 21.63% yoy. Operating profit margin for the current quarter at 16.98% contracted by 892 bps qoq and 353 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 149.73 crore, down by 8.56% yoy. It's standalone revenue for the current period stood at Rs. 874.87 crore, registering decline of 4.3% yoy.

Firstsource Solutions' core operating profit for the current period stood at Rs. 197.69 crore, declining by 5.7% yoy. Operating margin for the current period at 21.51% contracted by 142 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 873.03 838.28 4.15
Consolidated Net Profit 79.66 65.07 22.42

Bloomberg estimated the company’s consolidated net profit at Rs. 74.48 crore.

Stock Commentary:

Firstsource Solutions Ltd is currently trading at Rs. 40.9, down by 0.95 points or 2.27% from its previous closing of Rs. 41.85 on the BSE.

The scrip opened at Rs. 42.7 and has touched a high and low of Rs. 42.7 and Rs. 40.15 respectively. So far 4088261(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2820.54 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 45.9 on 01-Dec-2015 and a 52 week low of Rs. 25.15 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 43.35 and Rs. 39.9 respectively.

The promoters holding in the company stood at 55.54 % while Institutions and Non-Institutions held 16.29 % and 28.16 % respectively.

The stock is currently trading below its 100 DMA.



***Note: This is a NSE Chart

 

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