Firstsource Solution Ltd : Q4FY17 Results

Firstsource Solutions Ltd. reported its results for the quarter ended March 31, 2017 today.

The company's total sales for Q4FY17 came in at Rs. 892.3 crore, which represents a 0.78% sequential increase and 2.63% YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 88 crore and its EBIT margin stood at 9.86%.

The company reported PAT of Rs 64.8 crore, which represents a sequential QoQ decline of 7.03% and a YoY decline of 16.39%.

For FY17, the company witnessed 11 per cent YoY growth in revenue to Rs 3555.6 crore. Its net profit for FY17 increased 7 per cent YoY to Rs 279 crore.

Firstsource Solutions Ltd is a provider of a range of business process management services across the customer life cycle delivered through transaction processing. The company's segments include banking, financial services and insurance and non-banking financial services. Its geographic segments include USA and Canada, UK, India and rest of the world.