Firstsource Solutions reports 42% rise in Q4 consolidated net profit

07 May 2018

Firstsource Solutions has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a fall of 15.08% in its net profit at Rs 46.42 crore for the quarter ended March 31, 2018 as compared to Rs 54.66 crore for the same quarter in the previous year. Total income of the company has decreased by 19.39% at Rs 195.58 crore for quarter under review as compared to Rs 242.64 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 42.01% in its net profit at Rs 92.83 crore for the quarter ended March 31, 2018 as compared to Rs 65.37 crore for the corresponding quarter in the FY17. Total income of the company marginally rose 0.32% at Rs 894.74 crore for quarter under review as compared to Rs 891.85 crore for the same quarter ended previous year. 

For the year ended March 31, 2018, the company has posted a marginal rise of 1.84% in its net profit at Rs 191.92 crore as compared to Rs 188.46 crore for the same period in the previous year. However, total income of the company decreased 8.47% at Rs 873.98 crore for year under review as compared to Rs 954.85 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of 16.61% in its net profit at Rs 326.52 crore for year under review as compared to Rs 280 crore for the period ended March 31, 2017. However, total income of the company has marginally decreased by 0.51% at Rs 3540.68 crore for year under review as compared to Rs 3558.82 crore for the period ended March 31, 2017.


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