HGS, a leading global business process management (BPM) company, announced its financial results for the quarter and year ended March 31, 2024.
Q4FY24 Financial Highlights:
Total Income: ₹1,257.9 crore (YoY growth of 7.7%)
Revenue from Operations: ₹1,098.7 crore (YoY growth of 2.7%)
Operating EBITDA: ₹66.2 crore (up 82.5% YoY)
EBITDA Margin: 6.0%
Profit After Tax (PAT): ₹87.9 crore
Net Cash and Treasury Surplus (as of March 31, 2024): ₹5,012.6 crore
FY24 Financial Highlights:
Total Income: ₹5,087.8 crore (YoY growth of 1.6%)
Revenue from Operations: ₹4,615.7 crore (YoY growth of 2.5%)
Operating EBITDA: ₹355.9 crore (YoY growth of 45.8%)
EBITDA Margin: 7.7%
Profit After Tax (PAT): ₹131.2 crore
Total Dividend for the year: ₹7 per share
Management Commentary:
Partha DeSarkar, Whole-time Director and Group CEO of HGS, stated that HGS ended the year with a solid Q4FY24 performance across both BPM and HRO (Human Resources Outsourcing) verticals. He highlighted the company's growth in healthcare and top clients, along with improved profitability due to automation and productivity initiatives.
Key Takeaways:
Strong Q4 and FY24 performance across both BPM and HRO verticals.
Growth in healthcare and top clients.
Improved profitability through automation and productivity enhancements.
Positive outlook for the future, with continued investment in digital capabilities and focus on high-growth verticals.
For more detailed information, you can refer to the following resources:
HGS Investor Relations: https://hgs.cx/investors/
ICICI Direct Analysis: https://www.icicidirect.com/stocks/hinduja-global-solutions-ltd-share-price
5paisa Share Price: https://www.5paisa.com/stocks/hgs-share-price
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