Hinduja Global Solutions profit dips 17.8% to Rs 44.8 cr in March quarter

Hinduja Global Solutions (HGS), the BPO arm of the diversified Hinduja group, has posted a decline of 17.8 per cent in consolidated net profit at Rs 44.8 crore in the March 2020 quarter.

The company had registered a net profit of Rs 54.5 crore in January-March 2019, HGS said in a regulatory filing.

HGS’ revenue from operations, however, grew 2.6 per cent to Rs 1,318.6 crore in the quarter under review, as against Rs 1,284.6 crore in the year-ago period.

“Revenue growth in constant currency terms was 6.4 per cent. Revenue growth in Q4 was lower due to the exit of domestic business, which accounted for only one month of our Q4 operating revenues,” the filing said.

For the full-year, HGS’ net profit was up by 16.6 per cent to Rs 205.6 crore, while net sales grew 8.7 per cent to Rs 5,235.4 crore as compared to FY2019.