Firstsource Solutions Ltd Q3FY21 consolidated net profit up at Rs. 121.04 crore

FIRSTSOURCE 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.1366.49 crores during the period ended December 31, 2020 as compared to Rs.1189.78 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.121.04 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.105.28 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.72 for the period ended December 31, 2020 as compared to Rs.1.50 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1366.49 crs	₹ 1189.78 crs	14.85%
Net Profit	₹ 121.04 crs	₹ 105.28 crs	14.97%
EPS	₹ 1.72	₹ 1.50	14.67%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1366.49 crores during the period ended December 31, 2020 as compared to Rs.1054.71 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.121.04 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.89.54 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.72 for the period ended December 31, 2020 as compared to Rs.1.29 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1366.49 crs	₹ 1054.71 crs	29.56%
Net Profit	₹ 121.04 crs	₹ 89.54 crs	35.18%
EPS	₹ 1.72	₹ 1.29	33.33%

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

The company has reported total income of Rs.3618.34 crores during the 9 months period ended December 31, 2020 as compared to Rs.3026.41 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.315 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.248.10 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.4.48 for the 9 months period ended December 31, 2020 as compared to Rs.3.57 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3618.34 crs	₹ 3026.41 crs	19.56%
Net Profit	₹ 315 crs	₹ 248.10 crs	26.96%
EPS	₹ 4.48	₹3.57	25.49%

Dr. Sanjiv Goenka, Chairman, RPSG Group and Firstsource Solutions, commented, "Despite the continued challenges in the post-pandemic environment, we ended Q3 on a high note - the last two quarters were in fact the best ever for the company. We continue to steadily acquire new clients across verticals while our recent acquisition of PatientMatters further consolidates our standing in Healthcare. I commend the Firstsource leadership team on their ingenuity and dedication during this extraordinary time. I'm optimistic about the evolving business landscape and believe that we are well positioned for the future with our Digital First, Digital Now strategy."

Shares of FIRSTSOURCE SOLUTIONS LTD. was last trading in BSE at Rs.102.2 as compared to the previous close of Rs. 97.8. The total number of shares traded during the day was 812909 in over 9222 trades.

The stock hit an intraday high of Rs. 102.95 and intraday low of 99. The net turnover during the day was Rs. 82684965.

Source : Equity Bulls

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