Hinduja Global Solutions Q4 net up 18 pc at Rs 41 cr

Hinduja Global Solutions, the BPO arm of diversified Hinduja Group, today reported a 18.3 per cent rise in consolidated net profit at Rs 41.3 crore for the March quarter, helped by downsizing of nonprofitable accounts.
The company's net profit stood at Rs 34.9 crore in the same period of the previous fiscal.
Hinduja Global Solutions (HGS) net sales grew 10.2 per cent to Rs 706.8 crore in the quarter from Rs 641.5 crore in the corresponding quarter last year.
"The growth has been good. This has come from downsizing of some of the non-profitable accounts and consumer electronics portfolio. We have also increased utilisation and efficiency that has helped growth," HGS CEO Partha DeSarkar told PTI.

For 2014-15 fiscal, the company's net profit stood at Rs 165 crore, while revenue was at Rs 2,807.6 crore compared with the previous financial year.
Profit numbers for the fiscal are not comparable as it includes an impact of higher depreciation due to implementation of the new Companies Act.

"The growth was also driven by our healthcare vertical. All our geographies, except Canada, continued their growth momentum," he said.
DeSarkar said the company's business in Canada was being impacted by weather conditions (resulting in loss of work days) and labour issues.
HGS gets revenues of about 98 million Canadian dollars from the country.

The Board recommended a final dividend of Rs 5 per share, bringing the total dividend for the year to Rs 20.
As of March 31, the company had a net debt of Rs 212.2 crore. Its head-count stood at about 28,000 people with an addition of 2,000 people in the fiscal.
Shares of HGS were down by 3.23 per cent at Rs 537.5 on the BSE in the afternoon session.