Sunday, Sep 15 2024 | Time 19:02 Hrs(IST)
image
Business EconomyPosted at: Aug 14 2024 6:46PM


Hinduja Global Solutions net up to Rs 161.5 cr in Q1

New Delhi, Aug 14 (UNI) Hinduja Global Solutions, part of the multi-billion-dollar conglomerate Hinduja Group, on Wednesday announced whopping jump in net profit at Rs 161.5 crore in April-June quarter of current fiscal compared to Rs 16.64 crore in the quarter of last fiscal, mainly on account of payment received towards sale of healthcare business.
During the quarter ended June 2024, the company received additional payment towards the sale of the healthcare business resulting in net profit of Rs 218.5 crore shown under Profits from Discontinued Operations.
Total income of the company however dipped marginally by 2.3 percent to Rs 1,218.6 crore in the Q1 and revenue from operations also decreased 3.7 percent to Rs 1,091.9 crore.
Speaking on the results, Partha DeSarkar, Whole-time Director and Group CEO of HGS said “HGS’ revenues in the first quarter of FY2025 were in line with our expectations, considering the environment of continued macro-economic volatility and delayed decision-making by some key clients. Profitability in the quarter was adversely impacted due to some one-time costs and we expect our profitability to improve from Q2 FY2025 onwards.”
Our pipeline remains healthy, and we are enthused by the increasing demand for our technology-enabled CX services by both new and existing clients as evidenced by the number of new client engagements signed during FY2025, including larger cross-sell deals, across verticals such as telecom and public sector, he said.
HGS is investing in developing tech offerings to support fast growing sectors like BFSI, retail & consumer, and hi-tech. Our aim is to help clients future-proof their businesses through digital transformation as AI becomes more mainstream, DeSarkar added.
UNI SKB CS1845
Please log in to get detailed story.
Tags: #Hinduja Global Solutions net up to Rs 161.5 cr in Q1
More News

Adani Group to sign pact with Maha Discom for supply of 6600 MW power

15 Sep 2024 | 2:24 PM

New Delhi, Sep 15 (UNI) Adani Green Energy Ltd. (AGEL) on Sunday said that it will sign a long-term power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for supply of 5000 MW solar power.

see more..

Govt hikes import duty on edible oils by 20 pc

14 Sep 2024 | 9:39 PM

New Delhi, Sep 14 (UNI) Seeking to curb edible oil imports and boost farmer income, the government has increased import duty on crude and refined edible oils by 20% with effect from September 14.

see more..

Kottayam-Kochi Rubber Market Rates

14 Sep 2024 | 5:11 PM

Kottayam, Sep 14 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Saturday per quintal.

see more..
SMART Technologies announces bold expansion plans for India

SMART Technologies announces bold expansion plans for India

14 Sep 2024 | 4:44 PM

Bengaluru, Sep 14 (UNI) In a significant move to strengthen its presence in India, SMART Technologies has unveiled plans to dramatically expand its reseller network, with a target of establishing between 300 and 400 local partners over the next three years.

see more..

Telangana: Make Warangal next industrial hub after Hyderabad: Dadiyam kavya

14 Sep 2024 | 1:28 PM

Warangal (Telangana), Sept 14 (UNI) "Make Warangal the next industrial hub after Hyderabad,”
said Dr Kadiyam Kavya, Member of Parliament(Lok Sabha) while interacting with the industry leaders.

see more..
image