Hinduja Global Solutions Limited’s stock commenced trading on Thursday at Rs 789.10 and ended the session at Rs 802, up around 4 percent from the previous finish of Rs 773.60 per share. The company has a market value of Rs 3,730.93 crores.
Bullish fluctuations in the company’s share price were noted today following the company’s provision of significant business updates during its meeting on March 20, 2024, as disclosed in a regulatory filing with the Bombay Stock Exchange (BSE).
First, in an effort to reduce expenses and improve operational effectiveness, the company’s board authorised a strategy to streamline the “supply chain management” function of its media division and its subsidiaries.
Additionally, the authorised plan calls for the privatisation of its “Optical Fibre” assets for a payment of Rs 208 crores in order to pay off its debt and save interest. The corporation achieved double-digit increase in the topline statistics across all of its segments, according to the most recent presentations.
In addition, the business recorded a significant increase in EBITDA levels and a YoY expansion of its margins, from 11% to 16%.
The BPM division contributed 57% of the company’s total income, Digital Services contributed 36%, and other income made up the remaining 7% of the total income. The company’s overall income composition was Rs 1,295 crores.
The company’s key performance metrics, operational revenues and after-tax profits, exhibited opposite swings throughout the most recent financial quarters.
While the latter showed a contrasting effect by falling from Rs 18.43 crores to Rs 8.18 crores, the former showed a slight increase from Rs 1,179.86 crores during Q2FY24 to Rs 1,203.67 crores during Q3FY24.
Hinduja Global Solutions Limited, an Indian corporation, was founded in 1973 and provides services related to “business process management.” In addition to contact centres, the company provides back office processing, BPO services, customised IT services, and many other outsourcing options.
