Q4FY19: Firstsource reports net profit growth of 5.8 per cent

Firstsource Solutions' net profit stood at Rs. 98.24 crore from Rs. 92.8 crore in December 2018, up 5.8 per cent in December 2018. The company’s revenue stood at Rs. 964.2 crore as against Rs. 871.3 crore, up 10.6 per cent YoY.

The company’s EBIT stood at Rs. 119 crore, up 2 per cent, while margin was at 12.3 per cent. The board approved the payment of equity dividend for the year ended March 31, 2019 of Rs. 2 per share on the paid up share capital of the company.

The company plans to continue investing in technology and digital solutions to stay ahead of the competition. For the fiscal year 2019, the company’s net profit stood at Rs. 377.7 crore while revenue from operations increased to Rs. 3,786.7 crore.

Firstsource Solutions derived 36.8 per cent of its revenues from bank, financial services and insurance (BFSI), 33.3 per cent from healthcare and 2.4 per cent from other verticals. Its total headcount stood at 18,712 people at the end of March 2019, with an addition of 117 employees in the quarter.

On Monday, Firstsource Solution was trading at Rs. 50.6 per share, up 2.45 per cent on the BSE.