HGS Q2 net profit up 42 pc to Rs 53 cr

Hinduja Global Solutions (HGS), the business process management services arm of Hinduja Group, has posted 42.5 per cent rise in consolidated net profit at Rs 53.4 crore for the September quarter, backed by broad based demand across verticals and geographies including the US and the Philippines.
The company's net profit stood at Rs 37.42 crore in the corresponding period of the previous fiscal.
Its revenue from operations stood at Rs 942.6 crore during the second quarter of 2017-18, growing 4.1 per cent over the year-ago period.
"HGS had a good second quarter, driven by demand across verticals and in geographies such as the US, Jamaica, India international business and the Philippines...We have struck a good balance between pursuing revenue growth and profitability and delivering stable margins," Partha DeSarkar, CEO of HGS said in a statement.

DeSarkar added that the company's sales pipeline for the remaining part of the fiscal looked "encouraging".
The company's board at its meeting held on November 8 has declared the second interim dividend of Rs 2.50 per equity share (25 per cent on the par value of Rs 10 a share) for 2017-18 and fixed November 20 as the record date for determining members who will be entitled for the same.