Hinduja Global Solutions Ltd Q3FY21 consolidated PAT at Rs. 75.37 crore

HINDUJA GLOBAL SOLUTIONS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1464.99 crores during the period ended December 31, 2020 as compared to Rs.1347.61 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.75.37 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.81.48 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.36.07 for the period ended December 31, 2020 as compared to Rs.39.02 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1464.99 crs	₹ 1347.61 crs	8.71%
Net Profit	₹ 75.37 crs	₹ 81.48 crs	-7.5%
EPS	₹ 36.07	₹ 39.02	-7.56%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1464.99 crores during the period ended December 31, 2020 as compared to Rs.1283.06 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.75.37 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.71.34 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.36.07 for the period ended December 31, 2020 as compared to Rs.34.22 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1464.99 crs	₹ 1283.06 crs	14.18%
Net Profit	₹ 75.37 crs	₹ 71.34 crs	5.65%
EPS	₹ 36.07	₹ 34.22	5.41%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.4079.27 crores during the 9 months period ended December 31, 2020 as compared to Rs.3749.02 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.204.79 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.158.66 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.98.06 for the 9 months period ended December 31, 2020 as compared to Rs.76.09 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 4079.27 crs	₹ 3749.02 crs	8.81%
Net Profit	₹ 204.79 crs	₹ 158.66 crs	29.07%
EPS	₹ 98.06	₹76.09	28.87%

Speaking on the results, Partha DeSarkar, Wholetime Executive Director and CEO of HGS said: "HGS' results of Q3 FY2021 demonstrate strong revenue growth despite being amid a pandemic. Growth has been driven by the Healthcare business as well as our UK business. I am very happy with how we have quickly realigned our operating model to the new normal. These results demonstrate TeamHGS' resilience and agility.

Overall revenues for Q3 stood at Rs. 14,568 million, an increase of 15.2% YoY on like-to-like basis. PAT rose by 5.6% to Rs. 752 million. EBITDA margins for Q3 FY2021 stood at 14.2%.

Most of our business segments, including Healthcare, UK and HGS Digital, did well. Healthcare growth was led by the open enrolment season. A key driver of growth has been the number of new logo signings this year and the strong pipeline conversion. We expect sustained demand for our services in coming quarters too. Looking ahead, we are optimistic to close FY2021 on a strong note."

Shares of HINDUJA GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.1265.55 as compared to the previous close of Rs. 1237.5. The total number of shares traded during the day was 3372 in over 525 trades.

The stock hit an intraday high of Rs. 1289.7 and intraday low of 1227.95. The net turnover during the day was Rs. 4277276.

Source : Equity Bulls

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