Business process outsourcing firm Firstsource Solutions today reported a 67.5% increase in its net profit at Rs 35.93 crore for the quarter ended September 30, 2012.
The company had reported a net profit of Rs 21.45 crore in the corresponding quarter last fiscal.
Total income from operations rose 34.6% to Rs 717.62 crore for the second quarter of financial year 2013 as compared to Rs 533.02 crore in the same period last year.
"Our second quarter results reflect strong operational performance as we continue to stay focused on profitable growth," Firstsource Solutions MD and CEO Rajesh Subramaniam said in a filing to the BSE.
Kolkata-based power company CESC, promoted by Sanjiv Goenka, has offered to buy 49.5% stake in Firstsource Solutions for Rs 394.9 crore in all cash deal through its wholly-owned subsidiary SpenLiq.
"We are excited to have the RP-Sanjiv Goenka Group as our largest shareholder, given their lineage and solid foundation in creating long lasting businesses," Subramaniam added.
The employee strength of the company stood at 32,365 as of September 30, 2012, a reduction of 188 employees in the quarter.
US contributed 45% of the firm revenues followed by UK with 35% and 20% from rest of world, including India as on September 30, 2012.
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