Hinduja Global Solutions has moved higher by 6% to Rs 614 after reporting more than two-fold jump in consolidated net profit at Rs 54 crore for the third quarter ended December 31, 2013 (Q3). The company had profit of Rs 20 crore in the same quarter previous fiscal.
This robust performance has been driven by strong growth from the US and Canadian markets. The momentum of offshoring has also picked up, Hinduja Global Solutions, the company engaged in business process management said in a statement.
EBITDA or operating profit margin for the quarter improved 375bps to 14% over the previous year quarter. Net sales increased by 26% to Rs 657 crore on year-on-year basis.
Our margins have improved significantly due to better utilization of delivery centers across all geographies coupled with various performance optimization initiatives undertaken during the year, the company said.
Meanwhile, the board has declared second interim dividend of Rs 5 per share (50% on the par value of Rs 10 per share) for financial tear 2013-14.
The stock opened at Rs 586 and touched a 52-week high of Rs 635 on the NSE. A combined 119,587 shares changed hands on the counter so far on the NSE and BSE.
This robust performance has been driven by strong growth from the US and Canadian markets. The momentum of offshoring has also picked up, Hinduja Global Solutions, the company engaged in business process management said in a statement.
EBITDA or operating profit margin for the quarter improved 375bps to 14% over the previous year quarter. Net sales increased by 26% to Rs 657 crore on year-on-year basis.
Our margins have improved significantly due to better utilization of delivery centers across all geographies coupled with various performance optimization initiatives undertaken during the year, the company said.
Meanwhile, the board has declared second interim dividend of Rs 5 per share (50% on the par value of Rs 10 per share) for financial tear 2013-14.
The stock opened at Rs 586 and touched a 52-week high of Rs 635 on the NSE. A combined 119,587 shares changed hands on the counter so far on the NSE and BSE.
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