Hinduja Global Solutions Q2 consolidated PAT down Rs 25 cr
Hinduja Global Solutions on Wednesday reported a consolidated PAT at Rs 25 crore for the second quarter ended September 30.
By PTI |
MUMBAI: Business outsourcing firm Hinduja Global Solutions on Wednesday reported a consolidated PAT at Rs 25 crore for the second quarter ended September 30, down 33 per cent from Rs 37 crore in the same period last year.
The consolidated PAT was impacted by investments in capacity expansion and rupee appreciation against the US dollar, a company statement said here.
On a sequential quarter basis, the Hinduja Group firm's PAT increased by 10 per cent as compared to Rs 23 crore in Q1 FY 11 due to the expansion in revenues, it said.
"Careline Services, which we acquired in June this year, has contributed significantly to incremental revenues in the current quarter. This acquisition has provided us the much required exposure in the European markets and we hope to extend our reach further, not only geographically but also to new verticals and services," Hinduja Global Solutions Chief Executive Officer Partha De Sarkar said.
"While there continue to be challenges like rupee appreciation and employee attrition, we are confident of delivering sustained growth in operations as the pipeline of business continues to be robust."
Sarkar said he looks forward to an eventful second-half in which "we continue to invest further by expanding capacities, thereby increasing the growth momentum and delivering higher returns to stakeholders."
The consolidated PAT was impacted by investments in capacity expansion and rupee appreciation against the US dollar, a company statement said here.
On a sequential quarter basis, the Hinduja Group firm's PAT increased by 10 per cent as compared to Rs 23 crore in Q1 FY 11 due to the expansion in revenues, it said.
"Careline Services, which we acquired in June this year, has contributed significantly to incremental revenues in the current quarter. This acquisition has provided us the much required exposure in the European markets and we hope to extend our reach further, not only geographically but also to new verticals and services," Hinduja Global Solutions Chief Executive Officer Partha De Sarkar said.
"While there continue to be challenges like rupee appreciation and employee attrition, we are confident of delivering sustained growth in operations as the pipeline of business continues to be robust."
Sarkar said he looks forward to an eventful second-half in which "we continue to invest further by expanding capacities, thereby increasing the growth momentum and delivering higher returns to stakeholders."
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