Hold Firstsource Solutions, target price Rs 180: ICICI Direct

ICICI Direct has hold call on Firstsource Solutions with a target price of Rs 180. The current market price of Firstsource Solutions is Rs 171.75.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 11890.66 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1429.34 Crore, down -3.73 % from last quarter Total Income of Rs 1484.79 Crore and up 20.13 % from last year same quarter Total Income of Rs 1189.79 Crore. Company 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.