Hinduja Global Solutions Ltd Q1FY22 consolidated PAT drops QoQ to Rs. 117.01 crore

Hinduja Global Solutions Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1577.85 crores during the period ended June 30, 2021 as compared to Rs.1591.22 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.117.01 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.131.25 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.55.97 for the period ended June 30, 2021 as compared to Rs.62.76 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1577.85 crs	₹ 1591.22 crs	-0.84%
Net Profit	₹ 117.01 crs	₹ 131.25 crs	-10.85%
EPS	₹ 55.97	₹ 62.76	-10.82%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1577.85 crores during the period ended June 30, 2021 as compared to Rs.1266.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.117.01 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.47.93 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.55.97 for the period ended June 30, 2021 as compared to Rs.22.97 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1577.85 crs	₹ 1266.65 crs	24.57%
Net Profit	₹ 117.01 crs	₹ 47.93 crs	144.13%
EPS	₹ 55.97	₹ 22.97	143.67%

Speaking on the results, Partha DeSarkar, Executive Director and Global CEO of HGS said: "Building on the momentum from last year, HGS has begun FY2022 on a strong note. Our performance in the first quarter was better than expected, with double-digit YoY growth in revenue, EBIDTA and PAT.

Revenue for Q1 FY2022 was Rs. 15,505 million, a YoY increase of 25.5%, while EBIDTA grew by 59.2% YoY to Rs. 2,321 million. PAT increased significantly to Rs. 1,170 million, a YoY growth of 137.7%. The results were boosted by robust volumes in the Healthcare and UK businesses, and a resilient Work@Home-led delivery model.

Despite the ongoing pandemic-related challenges, the overall business environment has improved, and we are seeing strong demand for our services. We continue to win major deals across verticals, especially in Healthcare, consumer and public sector. Our digital solutions are also opening up new market segments and opportunities for HGS as clients embark on customer experience transformation to cater to digital natives.

Looking ahead, we are investing in driving aggressive growth for the rest of the year. While we expect a robust Open Enrollment season in the healthcare vertical, we are also setting up new centers and looking to hire significantly to support new client wins in the UK and Jamaica."

Shares of Hinduja Global Solutions Limited was last trading in BSE at Rs. 3087 as compared to the previous close of Rs. 2940. The total number of shares traded during the day was 13303 in over 667 trades.

The stock hit an intraday high of Rs. 3087 and intraday low of 2990. The net turnover during the day was Rs. 40810656.

Source : Equity Bulls

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