Firstsource Soln. gains after US subsidiary makes seventh quarterly repayment on debt

Firstsource Solutions rose 4.46% to Rs 35.15 at 13:20 IST on BSE after the company said that Firstsource Group USA, Inc, has successfully made its seventh quarterly repayment of $11.25 million on its outstanding debt on 31 December 2014.

The company made announcement during trading hours today, 31 December 2014.

Meanwhile, the S&P BSE Sensex was up 46.87 points or 0.17% at 27,449.80.

On BSE, so far 2.86 lakh shares were traded in the counter as against average daily volume of 4.57 lakh shares in the past one quarter.

The stock hit a high of Rs 35.35 and a low of Rs 33.55 so far during the day. The stock hit a 52-week high of Rs 44.30 on 23 September 2014. The stock hit a 52-week low of Rs 21.50 on 3 January 2014.

The stock had outperformed the market over the past one month till 30 December 2014, falling 4.13 % compared with Sensex's 4.5% fall. The scrip had however underperformed the market in past one quarter, declining 16.5% as against Sensex's 2.9% rise.

The mid-cap firm has equity capital of Rs 665.14 crore. Face value per share is Rs 10.

Firstsource Solutions said that Firstsource Group USA, Inc, a wholly owned subsidiary of the company has successfully made its seventh quarterly repayment of $11.25 million on its outstanding debt on 31 December 2014.

Firstsource Solutions' consolidated net profit rose 15% to Rs 61.24 crore on 3.19% rise in total income to Rs 778.68 crore in Q2 September 2014 over Q1 June 2014.

Firstsource delivers innovative, value-added business process management services across the customer lifecycle.

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