Firstsource Solutions Reports Second Quarter Fiscal 2020 Results

November 06, 2019
Estimated reading time: 1 minute
financial resultsQ2 2020quarter end resultsQuarterly results

Revenues at Rs. 9,849 million, 3.2% Y-o-Y and 4.5% in constant currency

Kolkata, November 6, 2019: Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of customised Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, reported its consolidated financial results for the quarter ended September 30th 2019 according to IndAS.

Financial Highlights for Quarter Ended September 30th 2019:

  • Revenues at Rs. 9,849 million, 3.2% Y-o-Y and 4.5% in constant currency; 0.5% Q-o-Q and 1.1% in constant currency
  • Operating Margin (OM) at Rs. 870 million or 8.8% of revenues including one-time expense of Rs. 170 million from leadership change. OM of 12.0% in Q2FY19
  • Profit After Taxes (PAT) at Rs. 674 million
  • Diluted Earnings Per Share (EPS) of Rs 0.97
  • Added 1,451 employees in the quarter taking total employee strength to 20,001

Speaking on the occasion, Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group and Firstsource Solutions, said, “With the leadership change, we are redefining our strategy and investing in developing additional solutions for our customers for the new digital era”.

About Firstsource

Firstsource Solutions Limited, a RP-Sanjiv Goenka Group company (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN), is a leading global provider of customised Business Process Management (BPM) services to the Healthcare, Telecom & Media and Banking & Financial Services industries. The company’s clients include Fortune 500 and FTSE 100 companies. Firstsource has a ‘Right-shore’ delivery model with operations in the US, the UK, India and the Philippines. (www.firstsource.com)

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