Hinduja Global Solutions Q4 net at Rs 41 crore

Hinduja Global Solutions (HGS), the BPO arm of diversified Hinduja Group, today reported a consolidated net profit of Rs 40.8 crore for the fourth quarter ended March.
Net sales stood at Rs 913.9 crore.
The company reported profit of Rs 41.3 crore and net sales of Rs 706.8 crore in the same period of the previous fiscal.
According to the company, results are not comparable as Hinduja Global Solutions acquired a significant portion of Mphasis and its subsidiary MsourcE India's BPO business for about Rs 17 crore in 2015 and a majority stake in the US-based Colibrium Partners and Colibrium Direct (Colibrium).

""Fiscal 2015-16 started off slow for HGS, but we finished the year with a robust performance... This growth was led by existing and new client wins and our acquisitions made in the fiscal. The turnaround in our Canada operations in the fourth quarter helped improve profitability," HGS CEO Partha DeSarkar said.
For 2015-16, the company's net profit stood at Rs 101 crore while revenue was at Rs 3,328.2 crore compared with the previous financial year.
The board recommended a final dividend of Rs 1.25 per share, bringing the total dividend for the year to Rs 15.
The stock of HGS was trading 6.78 per cent higher at Rs 419.20 on BSE in the morning trade.