Firstsource Solutions Limited Reports Audited Standalone & Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 01:32 pm IST
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Firstsource Solutions Limited reported audited standalone & consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company's total from operations was INR 2,468.11 million compared to INR 2,280.43 million a year ago. Profit from operations before other income and finance costs was INR 572.31 million compared to INR 523.75 million a year ago. Profit from ordinary activities before tax was INR 599.10 million compared to INR 526.53 million a year ago. Net profit ordinary activities after tax was INR 526.30 million compared to INR 436.17 million a year ago. Diluted earnings per share was INR 0.77 compared to INR 0.63 a year ago.
For the nine months, on standalone basis, total from operations was INR 6,999.90 million compared to INR 6,658.82 million a year ago. Profit from operations before other income and finance costs was INR 1,501.07 million compared to INR 1,350.74 million a year ago. Profit from ordinary activities before tax was INR 1,540.43 million compared to INR 1,413.40 million a year ago. Net profit ordinary activities after tax was INR 1,337.96 million compared to INR 1,226.27 million a year ago. Diluted earnings per share was INR 1.95 compared to INR 1.75 a year ago.
For the quarter, on consolidated basis, the company's total from operations was INR 8,854.09 million compared to INR 8,185.93 million a year ago. Profit from operations before other income and finance costs was INR 915.99 million compared to INR 853.07 million a year ago. Profit from ordinary activities before tax was INR 831.22 million compared to INR 749.18 million a year ago. Profit attributable to owners of the parent was INR 700.06 million compared to INR 674.49 million a year ago. Diluted earnings per share were INR 1.02 compared to INR 0.97 a year ago. Operating EBIT was INR 916 million compared to INR 853 million a year ago. Operating EBITDA was INR 1,072 million compared to INR 1,013 million a year ago. Capex was INR177 million.
For the nine months, on consolidated basis, total from operations was INR 26,633.08 million compared to INR 23,478.20 million a year ago. Profit from operations before other income and finance costs was INR 2,910.69 million compared to INR 2,274.63 million a year ago. Profit from ordinary activities before tax was INR 2,608.23 million compared to INR 1,952.00 million a year ago. Net profit attributable to owners of the parent was INR 2,146.27 million compared to INR 1,789.78 million a year ago. Diluted earnings per share were INR 3.13 compared to INR 2.57 a year ago. Operating EBIT was INR 2,911 million compared to INR 2,275 million a year ago. Operating EBITDA was INR 3,390 million compared to INR 2,790 million a year ago. Net long term debt of USD 72 million as of December 31, 2016.
Firstsource Solutions Limited is an India-based company. The Company is engaged in providing information technology (IT) enabled business process management (BPM) services to banking and financial services, healthcare, communication media and technology and other diverse industries. The Company operates through four segments: Banking and Financial Services (BFS), Healthcare, Communication, Media, and Technology (CMT), and Diverse Industries. BFS segmentâs technology-driven solutions enable BFS and born-digital businesses to personalize customer experiences. Its platform-based services, digital patient access and Intelligent Automation offerings drive superior patient engagement, financial experience, and improved financial performance for hospitals. CMT segmentâs customer experience management and digitally enabled contact center solutions help CMT businesses thrive-by re-engineering processes, evolving new business models and delivering memorable customer experiences.