Firstsource Solutions slumps after poor Q3 result

Firstsource Solutions lost 8.11% to Rs 28.90 at 15:11 IST on BSE after consolidated net profit fell 6.09% to Rs 57.51 crore on 2.96% fall in total income from operations to Rs 751.02 crore in Q3 December 2014 over Q2 September 2014.

The result was announced after market hours yesterday, 9 February 2015.

Meanwhile, the S&P BSE Sensex was up 164.91 points or 0.58% at 28,392.30

On BSE, so far 10.39 lakh shares were traded in the counter as against average daily volume of 5.12 lakh shares in the past one quarter.

The stock hit a high of Rs 31.15 and a low of Rs 28.75 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 24.90 on 7 February 2014.

The stock had underperformed the market over the past one month till 9 February 2015, falling 9.37% compared with 2.80% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 24.03% as against Sensex's 1.29% rise.

The small-cap firm has equity capital of Rs 665.67 crore. Face value per share is Rs 10.

Operating EBIT (earnings before interest and tax) fell 3.3% to Rs 74.60 crore in Q3 December 2014 over Q2 September 2014.

As of 31 December 2014, Firstsource Solutions derived 49% revenues from the US, 36% from UK and 16% from Rest of World, including India. As of 31 December 2014, Firstsource Solutions derived 44% revenues from Telecom & Media, 36% from Healthcare and 20% from BFSI.

Firstsource Solutions is a global provider of customized Business Process Outsourcing (BPO) services to the Healthcare, Telecom & Media and Banking & Financial Services industries.

Powered by Capital Market - Live News