Buy Firstsource Solutions, target price Rs 180: Emkay Global

Emkay Global has buy call on Firstsource Solutions with a target price of Rs 180. The current market price of Firstsource Solutions is Rs 121.5. Time period given by analyst is one year when Firstsource Solutions Ltd. price can reach defined target.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8499.80 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-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1464.03 Crore, up 2.43 % from last quarter Total Income of Rs 1429.34 Crore and up 7.14 % from last year same quarter Total Income of Rs 1366.50 Crore. Company reported net profit after tax of Rs 135.45 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.66 per cent stake in the company as of 31-Dec-2021, while FIIs owned 9.6 per cent, DIIs 14.78 per cent.