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Hinduja Global Solutions Ltd Q2 consolidated PAT at Rs. 81.48 crore
Posted On : 2020-11-09 22:45:49( TIMEZONE : IST )
HINDUJA GLOBAL SOLUTIONS LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.1347.61 crores during the period ended September 30, 2020 as compared to Rs.1266.65 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.81.48 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.47.93 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.39.02 for the period ended September 30, 2020 as compared to Rs.22.97 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 1347.61 crs | ₹ 1266.65 crs |  6.39% |
| Net Profit | ₹ 81.48 crs | ₹ 47.93 crs | 70% |
| EPS | ₹ 39.02 | ₹ 22.97 | 69.87% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.1347.61 crores during the period ended September 30, 2020 as compared to Rs.1241.26 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.81.48 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.47.77 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.39.02 for the period ended September 30, 2020 as compared to Rs.22.90 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 1347.61 crs | ₹ 1241.26 crs | 8.57% |
| Net Profit | ₹ 81.48 crs | ₹ 47.77 crs | 70.57% |
| EPS | ₹ 39.02 | ₹ 22.90 | 70.39% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.2614.27 crores during the 6 months period ended September 30, 2020 as compared to Rs.2465.95 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.129.42 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.87.32 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.61.99 for the 6 months period ended September 30, 2020 as compared to Rs.41.87 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 2614.27 crs | ₹ 2465.95 crs | 6.01% |
| Net Profit | ₹ 129.42 crs | ₹ 87.32 crs | 48.21% |
| EPS | ₹ 61.99 | ₹41.87 | 48.05% |
Speaking on the results, Partha DeSarkar, Wholetime Executive Director and CEO of HGS said: "Led by robust healthcare volumes and strong performance in other verticals, HGS reported excellent results in Q2 FY2021. Overall revenues for Q2 stood at Rs. 13,326 million, an increase of 11.9% YoY on like-to-like basis. EBITDA grew by 19.8% YoY on like-to-like basis. EBITDA margins for Q2 FY2021 were at 14.0%, an expansion of 225 basis points over Q1 FY2021. PAT rose by 65.5% YoY to Rs. 813.2 million for the quarter, the highest-ever reported by the company. Profit was boosted by a one-time tax reversal charge.
I am very proud of the way the HGS team continues to respond to the current scenario - be it in delivering services to clients without any disruption, expanding and winning new business, successfully shifting all functions including hiring, onboarding and training to the virtual mode, and engaging our people and community.
Despite the current market environment, we continue to see big demand from clients, showcasing our ability to be a true growth partner. We won new business or expanded contracts across verticals in Q2, including signing of one of HGS' largest engagements in the UK public sector to be delivered in a Work@Home model.
Our sales pipeline for H2 looks strong, and with Open Enrollment and the Holiday Season coming up, we are confident of a good FY2021 performance."
Shares of HINDUJA GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.717.6 as compared to the previous close of Rs. 715.6. The total number of shares traded during the day was 527 in over 170 trades.
The stock hit an intraday high of Rs. 724.35 and intraday low of 714.05. The net turnover during the day was Rs. 378347.
