Firstsource Solutions Q2 net up 36.8%

Net sales for the period declined 2.1% to Rs 774 crore

On the back of improved margin Firstsource Soultions, the IT arm of  the R P Sanjiv Goenka group, today reported a 36.8 per cent rise in net profit at Rs 61.2 crore for the quarter ended September, 2014 compared to a net profit of Rs 44.8 crore during the corresponding period last year.

The Business Process Management (BPM) services company’s net sales for the period declined 2.1 per cent to Rs 774 crore, against Rs 790 crore.

“Our focus has entirely been on bottom-line growth. We have closed a number of loss making accounts, beside other cost cutting measure,” said Sanjiv Goenka, chairman, RP-Sanjiv Goenka Group.