Hinduja Global Solutions outshines owing to good results
Shital Jibhe / 13 Aug 2016
Hinduja Global Solutions (HGS) has jumped by 13.95 per cent on Friday, August 12, owing to a good set of numbers. The results declared for Q1FY17 came as a pleasant surprise for the investors.
Hinduja Global Solutions (HGS) has jumped by 13.95 per cent on Friday, August 12, owing to a good set of numbers. The results declared for Q1FY17 came as a pleasant surprise for the investors.
The net sales have increased by 23.1% y-o-y to Rs. 9,095 million. EBITDA stands at Rs. 1,066 million with margins of 11.7%. PAT is Rs.517 million with margins of 5.7%.Cashflow from operation and after working capital changes is Rs. 886 million. Capex is Rs. 527 million for the quarter.
The revenue origination for the Q1 FY17 is : US 65%, Canada12%, UK & Europe10% and India13%.
Revenue by vertical is : Healthcare 43%, Telecom & Technology 25%, Consumer 14%, Banking & Financial Services 7% and Others 11%.
HGS is a Hinduja Group stock, which has presence in diversified industries spanning Banking and Financial services, Automobiles and IT. HGS was ranked 11th on NASSCOM’s Top 20 IT/ BPO Employers' list for FY2016; HGS has jumped up from the18th position the previous year.
The stock has been an underperformer with negative returns of almost 10 per cent delivered in a span of 1 year. Over a period of 6 months however the stock has generated 32 per cent returns.
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