WNS Q4 results: Net profit dips 6.7% to $27.5 mn

NEW DELHI: Business process management (BPM) major WNS Holdings on Thursday reported a 6.7 per cent decline in net profit at $27.5 million (around Rs 206.2 crore) for the March 2021 quarter.

As per the general accounting standards, the company had registered a net profit of $29.5 million in the year-ago same period, WNS said in a statement.

The company’s revenues fell 1.8 per cent to $243.9 million in the quarter under review, from $248.3 million in the year-ago period.

Sequentially, it increased 2.3 per cent from $238.4 million in the December 2020 quarter.

“Year-over-year, fiscal Q4 revenue was adversely impacted by the COVID-19 pandemic including lower volume requirements from certain clients and service delivery constraints resulting from the transition to a ‘work from home’ delivery model,” WNS said.