BackHinduja Global Solutions Q4 profit at Rs41 crore
HGS' net sales was at `913.9 crore against `706.8 crore from a year ago
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New Delhi: Hinduja Global Solutions (HGS), the BPO arm of diversified Hinduja Group on Thursday reported a consolidated net profit of ₹ 40.8 crore for the fourth quarter ended March. Net sales stood at ₹ 913.9 crore. The company reported profit of ₹ 41.3 crore and net sales of ₹ 706.8 crore in the same period of the previous fiscal year.
According to the company, results are not comparable as Hinduja Global Solutions acquired a significant portion of Mphasis and its subsidiary MsourcE India’s BPO business for about ₹ 17 crore in 2015 and a majority stake in the US-based Colibrium Partners and Colibrium Direct (Colibrium).
“Fiscal 2015-16 started off slow for HGS, but we finished the year with a robust performance... This growth was led by existing and new client wins and our acquisitions made in the fiscal. The turnaround in our Canada operations in the fourth quarter helped improve profitability," HGS CEO Partha DeSarkar said.
For 2015-16, the company’s net profit stood at ₹ 101 crore while revenue was at ₹ 3,328.2 crore compared with the previous financial year. The board recommended a final dividend of ₹ 1.25 per share, bringing the total dividend for the year to ₹ 15. The stock of HGS was trading 6.78% higher at ₹ 419.20 on BSE in the morning trade.
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