Fundamental Analysis
FIRSTSOURCE SOLUTIONS LIMITED
Ticker : 532809
BUY : Rs 72.65
Target : Rs 80
The RP-Sanjiv Goenka Group company, Firstsource Solutions Limited provides transformational solutions & services to customers across healthcare, banking & financial services, communications, media & technology among other industries. On a consolidated quarterly front, its net sales increased by 21.29 per cent in Q2FY21 to Rs 1,178.33 crore from Rs 971.47 crore in Q2FY20. The company reported an operating profit of Rs 189.72 crore in Q2FY21, up by 34.64 per cent from Rs 140.91 crore reported in Q2FY20. The net profit increased by 56.23 per cent from Rs 67.39 crore in Q2FY20 to Rs 105.28 crore in Q2FY21. The company has reported solid results in Q2 with broad-based growth as economies continue to recover. In the last quarter, Firstsource Solutions had acquired 15 new clients across financial services, healthcare, and born-digital segments. The company, after reporting a stellar result in Q2, is likely to continue its growth trajectory steered by its 'Digital First, Digital Now' approach. Hence, we recommend a BUY