Firstsource Solutions net profit spikes 44.8 per cent
Firstsource Solutions consolidated revenue for the quarter came in flat at Rs 887.1 crore, as compared to Rs 846.3 crore in the previous quarter.
The company's EBITDA for the quarter rose by 5.94 per cent QoQ to Rs 115.9 crores with a corresponding margin expansion of 53 bps. The EBITDA margin for the quarter stood at 13.07 per cent.
The PAT for the quarter came in at Rs 99.5 crore, an increase of 44.83 per cent QoQ. This was mainly due to tax credit in the quarter as against tax expense of Rs 14.9 crore in the previous quarter.
Today the stock of FSL is trading in green at Rs. 41.7, up by almost 3 per cent. The stock opened at Rs. 41.5 as against previous close of Rs. 40.4.