Hinduja Global Solutions Rise in Q4 net - Rs.482 Million

The business process outsourcing services of diversified conglomerate Hinduja Group posted a 13% rise in its net profit to Rs 482.8 million in the fourth quarter of last financial year. In the quarter ended March 31, 2018 and total revenues of the company rose 6.8% to Rs 10.03 billion. While overseas revenues grew by 8.1% to Rs 8.63 billion, its domestic revenues declined marginally by 0.5% to Rs 1.4 billion. For the whole financial year, net profit grew by 7.2 % to Rs 1.92 billion and its revenue from operations rose 3.7% to Rs 38.49 billion. Partha De Sarkar said that they have seen strong growth momentum in the fourth quarter of FY2018 and their top line crossed Rs 10 billion in a single quarter for the first time. This was driven primarily by robust performance in the healthcare vertical, which contributed over 50% of overall revenue for the second quarter in a row while adding that Q4 margins were muted due to one-time costs of acquisitions. So, in terms of outlook, the company expects to post strong top line growth in the new financial year based on the visibility on new wins and a healthy pipeline.