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Firstsource Solutions reports Fiscal 2018 results with improved profit margins and recommends a maiden dividend of 15%

  • May 7th, 2018
  • Press Releases
  • Firstsource Solutions reports Fiscal 2018 results with improved profit margins and recommends a maiden dividend of 15%

    Revenues of Rs 35,352 million

    EBITDA of Rs. 4,589 million

    EBIT of Rs 3,930 million

    PAT of Rs 3,265 million

    EBITDA and PAT margins expanded by 66 bps and 136 bps respectively during the year

     

    Kolkata, May 7, 2018: Firstsource Solutions Limited (NSE:FSL, BSE:532809), a global provider of customised Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, reported its consolidated financial results for the quarter and the fiscal year ended March 2018 according to Ind AS.

     

    Financial Highlights for Year Ended March 2018:

    Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group and Firstsource Solutions said “I am pleased to share that we closed FY2018 on a high note. During the year we have practically deleveraged the company on the back of improved cash flow generation and financial strength. Declaring a maiden dividend is a major milestone for the company. We are constantly being recognized by both our customers and industry analysts for the transformative work we are delivering for our clients. I am optimistic that such industry-wide recognition, will go a long way in deepening our engagement with existing clients while we continue to grow business with the addition of marquee logos.”

     

    Business Highlights for the Quarter ended March 31, 2018:

    Business Wins

    Won additional contracts in the quarter for the Customer Management, Healthcare, Mortgage and Collections business with existing and new clients

    Debt Repayment

    Successfully made the last principal repayment of USD 11.25 million of the USD 135 million Term Loan and USD 11.0 million for ECB, repaying USD 20 million ECB ahead of schedule in March 2018

    Awards and Recognition

     

    Additional Highlights for FY2017-18:

    Awards and Recognition

    Analyst Relations

    Industry Recognition

     


    About Firstsource

    Firstsource Solutions Limited, a RP-Sanjiv Goenka Group company (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN), is a leading global provider of customised Business Process Management (BPM) services to the Healthcare, Telecom & Media and Banking & Financial Services industries. The company’s clients include Fortune 500 and FTSE 100 companies. Firstsource has a ‘Right-shore’ delivery model with operations in the US, the UK, India and the Philippines.

    (www.firstsource.com)

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  • CIN NO: L64202MH2001PLC134147
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