Hinduja Global Solutions drops on dismal Q4 results

Hinduja Global Solutions slumped 4.36% to Rs 505.50 at 10:00 IST on BSE after consolidated net profit fell 9.6% to Rs 42.7 crore on 1.7% fall in operating revenues to Rs 940 crore in Q4 March 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 22 May 2017.

Meanwhile, the S&P BSE Sensex was down 135.30 points, or 0.44%, to 30,435.67. The S&P BSE Small-Cap index was down 384.65 points, or 2.56%, to 14,669.49.

On the BSE, 1,674 shares were traded in counter so far, compared with an average volume of 3,205 shares in the past one quarter. The stock had hit a high of Rs 533.85 and a low of Rs 505 so far during the day. The stock had hit a 52-week high of Rs 637.90 on 9 February 2017. The stock had hit a 52-week low of Rs 385 on 24 May 2016.

The stock had underperformed the market over the past one month till 22 May 2017, falling 5.5% compared with the Sensex's 4.11% rise. The scrip had also underperformed the market in past one quarter, dropping 13.33% as against the Sensex's 5.91% rise.

The small-cap company has an equity capital of Rs 20.77 crore. Face value per share is Rs 10.

Hinduja Global Solutions (HGS)' board recommended a final dividend of Rs 2.50 per share for the financial year ended 31 March 2017 (FY 2017), in addition to three interim dividends of Rs 2.50 per share paid during FY 2017.

HGS' EBITDA (earnings before interest, taxes, depreciation and amortization) margin rose to 13.3% in Q4 March 2017 from 12% in Q3 December 2016.

HGS is in optimizing the customer experience and helping clients to become more competitive by providing a full suite of business process management (BPM) services from traditional voice contact center services and transformational DigiCX services that are unifying customer engagement to platform-based, back-office services and digital marketing solutions.

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