Firstsource Solutions Q4 revenue jumps 35% yoy to Rs1,463cr

Revenues at Rs1462.8cr, 35.4% yoy and 31.7% in CC.

May 12, 2021 09:05 IST India Infoline News Service

Firstsource Solutions Limited has reported its consolidated financial results for the quarter ended March 31, 2021 according to IndAS.

Financial Highlights for Year Ended March 31st, 2021:
  • Revenues at Rs5078cr, 23.9% yoy and 17.9% in CC
  • Operating Margin (OM) at Rs597.9cr or 11.8% of revenues
  • Exceptional charge of Rs115.1cr taken during the year towards increase in value of options granted in our mortgage business to a strategic partner
  • Profit After Tax (PAT) at Rs361.7cr or 7.1% of revenues. Excluding the exceptional charge, PAT is at Rs449.9cr or 8.9% of revenues
  • Diluted Earnings Per Share (EPS) of Rs. 5.13
  • Net addition of 6,801 employees in the year
Financial Highlights for Quarter Ended March 31st, 2021:
  • Revenues at Rs1462.8cr, 35.4% yoy and 31.7% in CC
  • Operating Margin (OM) at Rs180.9cr or 12.4% of revenues
  • Profit After Tax (PAT) at Rs46.7cr or 3.2% of revenues. Excluding the exceptional charge, PAT is at Rs130.9cr or 8.9% of revenues
  • Diluted Earnings Per Share (EPS) of Rs. 0.66
  • Net addition of 1,386 employees in the quarter
Dr. Sanjiv Goenka, Chairman, RPSG Group and Firstsource Solutions, commented, “As the second COVID wave rips relentlessly though the country, I’d like to wish our employees, their families and communities, strength and good health in the days to come. Our Q4 results cap an impressive year where Firstsource delivered an industry leading revenue growth of 35.4% YoY, with all segments growing consistently. I’m very pleased with how our digital services offerings continue to mature and scale, enabling us to play an integral role in our clients’ digital journeys. Looking ahead, we see a great year of growth with our business performing well in an improving economic outlook.” 

 At around 10:00 AM, Firstsource Solutions was trading at Rs122.45 apiece down by Rs0.75 or 0.61% on Sensex.

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