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Hinduja Global Solutions Q2 outcomes: Net revenue up 66% at Rs 81 cr

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NEW DELHI: Hinduja Global Solutions (HGS), the BPO arm of the diversified Hinduja Group, on Monday reported a 65.6 per cent rise in consolidated web revenue at Rs 81.three crore in September 2020 quarter.

The firm had posted a web revenue of Rs 49.1 crore in July-September 2019 quarter, HGS stated in a press release.

Its income elevated 9.four per cent to Rs 1,332.5 crore throughout the quarter beneath evaluation from Rs 1,217.9 crore in July-September quarter a 12 months in the past.

“Led by robust healthcare volumes and strong performance in other verticals, HGS reported excellent results in Q2 FY2021. Overall revenues for Q2 stood at Rs 13,326 million, an increase of 11.9 per cent year-on-year on a like-to-like basis,” HGS Wholetime Executive Director and CEO Partha DeSarkar stated.

He added that PAT (revenue after tax) rose 65.5 per cent year-on-year to Rs 813.2 million for the quarter, the highest-ever reported by the corporate.

Profit was boosted by a one-time tax reversal cost, he stated.

“Despite the current market environment, we continue to see big demand from clients…We won new business or expanded contracts across verticals in Q2, including signing of one of HGS’ largest engagements in the UK public sector to be delivered in a [email protected] model,” he stated.

DeSarkar added that the corporate’s gross sales pipeline for the second half of the fiscal 12 months appears sturdy, and with open enrollment and the vacation season developing, it’s assured of fine FY2021 efficiency.

The firm declared its second interim dividend of Rs 6 per share.

As of September 30, 2020, HGS had 235 core BPM shoppers and 699 HRO/payroll processing shoppers. Its headcount was at 39,578 on the finish of the stated quarter.

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