Firstsource Options – Operationally Wholesome Efficiency: ICICI Direct

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Firstsource Solution Ltd.’s dollar sales Q2 increased 8.2% to $ 199.9 million.

EBIT margins rose 60 basis points to 12.6% compared to the previous quarter, mainly due to higher gross margins.

The company incurred a one-time exceptional cost of Rs 109.

As a result, profit after tax decreased 61% from the previous quarter to 46.7 billion rupees.

Adjusted for the special item, profit after tax rose 8.1% from the previous quarter to 130.9 billion rupees.

The company posted revenue growth of 15 to 18% in constant currencies and operating margins in the range of 11.8 to 12.3% for fiscal 22E.

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ICICI Direct First Source Company Update.pdf

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