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Hinduja Global Solutions Limited a world leader in Customer Relationship and Business Process Management, announced its Unaudited Second Quarter and Half Year Results for FY2013.
Commenting on the results and performance, Mr. Partha De Sarkar, Chief Executive Officer of Hinduja Global Solutions said:“Despite a challenging environment, we are pleased to report top line and EBITDA growth both in excess of 30%. Overall we benefited from increased volumes and new service offerings delivered to our existing clients. This also resulted in improvement in EBITDA margins by ~100 basis points sequentially. PAT for the quarter was adversely affected to the extent of `53.2 million on account of foreign exchange re-measurement. We expect the remaining half of the financial year to show the seasonal increase. The Company continues to invest in sales, marketing and infrastructure to support its organic growth plans, increased complexity and scale of service delivery.”
Q2 FY2013 Financial Highlights:
Consolidated Net Sales increased by 31.2% compared same period last year. This growth was driven by the acquisitions made in Canada and of the payroll business in August 2011 as well as organic growth
Consolidated EBITDA grew by 30.7% after accounting for ramp up costs for new delivery centers in the UK, site expansion and site consolidation in Canada. EBITDA margins were maintained, compared to Q2 FY2012 and increased by ~100 basis points sequentially
Consolidated PAT was negatively impacted by Rs53.2 million on account of foreign exchange re-measurement loss due to the appreciation of rupee towards end September 2012
As of September 30, 2012, the Company had Net Debt position of Rs285 million and Net Worth of Rs12,229 million
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.