Buy Firstsource Solutions, target price Rs 230: Emkay

Emkay Global Financial Services has a buy call on Firstsource Solutions Ltd. with a target price of Rs 230. The current price of Firstsource Solutions is Rs 169.25.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid-Cap company (with a market cap of Rs 11786.11 Crore) operating in IT Enabled Services sector.

Firstsource Solutions Ltd. key Products/Revenue Segments include IT Enabled Services and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 1429.34 Crore, down -3.73 per cent from last quarter Total Income of Rs 1484.79 Crore and up 20.13 per cent from last year same quarter Total Income of Rs 1189.79 Crore. Company has reported net profit after tax of Rs 135.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.66 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.64 per cent, DIIs 13.79 per cent.