Buy Firstsource Solutions, target price Rs 140: JM Financial

JM Financial has buy call on Firstsource Solutions with a target price of Rs 140. The current market price of Firstsource Solutions is Rs 104.35.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7189.46 Crore) operating in IT Enabled Services sector.

Firstsource Solutions Ltd. key Products/Revenue Segments include I T Enabled Services and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1537.60 Crore, up 3.98 % from last quarter Total Income of Rs 1478.71 Crore and up 7.57 % from last year same quarter Total Income of Rs 1429.34 Crore. Company reported net profit after tax of Rs 129.40 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.66 per cent stake in the company as of 30-Jun-2022, while FIIs owned 7.95 per cent, DIIs 14.57 per cent.