Mumbai:

Firstsource Solutions Ltd, a Mumbai-based outsourcing company, on Tuesday said June quarter profit rose 41.47% from a year earlier to Rs.41.05 crore. Revenue increased 6.5% to Rs.719.12 crore.

“Productization efforts in customer insights analytics and web chat solutions are delivering better margin profiles and are great value-add to our clients’ businesses. The customer management and healthcare business continues to look positive with new client wins," said Rajesh Subramaniam, managing director and chief executive officer.

Wholly-owned subsidiary Firstsource Group USA made a first quarter repayment of debt of $11.25 million (Rs 69.13 crore). Net debt of Firstsource Solutions as of 30 June was $167 million.

“The rest of the fiscal will be about reducing debt and consolidating our topline," said Sanjiv Goenka, chairman, Firstsource. The company plans to be debt free in a few years.

Firstsource Solutions shares gained 3.02% to close at Rs11.95 on Tuesday on the BSE, while the benchmark Sensex lost 2.34% to close at 18,733.04 points.

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