Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.3 % in the past year, substantial increase in net sales/revenue by 4.63 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -77.8 %, Marginal decrease of -81.71% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Firstsource Solutions Ltd.. Profit dropped by -5.52 % Year to Year, Firstsource Solutions Ltd.’s profitability increased by 3.71 % in this quarter.
- EPS over the Year and quarter: EPS declined by -6.28 % Year to Year. EPS increased by 3.19 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1556.824 Cr | Rs. 1596.601 Cr | Rs. 1670.462 Cr | + 4.63 % | + 7.3 % |
| Expenses | Rs. 1312.7 Cr | Rs. 1359.48 Cr | Rs. 1420.13 Cr | + 4.46 % | + 8.18 % |
| Operating Profit | Rs. 244.12 Cr | Rs. 237.12 Cr | Rs. 250.33 Cr | + 5.57 % | + 2.54 % |
| OPM % | 15.68 % | 14.85 % | 14.99 % | + 0.14 % | -0.69 % |
| Other Income | Rs. 12.66 Cr | Rs. 15.36 Cr | Rs. 2.81 Cr | -81.71 % | -77.8 % |
| Interest | Rs. 20.67 Cr | Rs. 25.42 Cr | Rs. 26.53 Cr | + 4.37 % | + 28.35 % |
| Depreciation | Rs. 64.24 Cr | Rs. 66.27 Cr | Rs. 67.33 Cr | + 1.6 % | + 4.81 % |
| Profit before tax | Rs. 171.87 Cr | Rs. 160.79 Cr | Rs. 159.28 Cr | -0.94 % | -7.33 % |
| Tax % | 17.79 % | 19.94 % | 16.19 % | -3.75 % | -1.6 % |
| Net Profit | Rs. 141.3 Cr | Rs. 128.73 Cr | Rs. 133.5 Cr | + 3.71 % | -5.52 % |
| EPS in Rs | Rs. 2.07 | Rs. 1.88 | Rs. 1.94 | + 3.19 % | -6.28 % |
Today, we’re looking at Firstsource Solutions Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.3 %. However, it did see a marginal increase of 4.63 % from the previous quarter. Expenses ticked up slightly by 4.46 % quarter-on-quarter, aligning with the annual rise of 8.18 %. Operating profit, while up 2.54 % compared to last year, faced a quarter-on-quarter increase of 5.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.69 %, but an expansion of 0.14 % sequentially. Other income fell by -81.71 % compared to the last quarter, despite an annual decline of -77.8 %. Interest expenses surged remarkably by 4.37 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.35 %. Depreciation costs climbed by 1.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.81 %. Profit before tax declined annually by -7.33 % but saw a reduction from the preceding quarter by -0.94 %.
Tax expenses as a percentage of profits decreased slightly by -1.6 % compared to last year, with a more notable quarter-on-quarter decrease of -3.75 %. Net profit fell by -5.52 % year-on-year but experienced a 3.71 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -6.28 % but a quarterly rise of 3.19 %. In summary, Firstsource Solutions Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1556.824 Cr | Rs. 1596.601 Cr | Rs. 1670.462 Cr | + 4.63 % | + 7.3 % |
| Expenses | Rs. 1312.7 Cr | Rs. 1359.48 Cr | Rs. 1420.13 Cr | + 4.46 % | + 8.18 % |
| Operating Profit | Rs. 244.12 Cr | Rs. 237.12 Cr | Rs. 250.33 Cr | + 5.57 % | + 2.54 % |
| Net Profit | Rs. 141.3 Cr | Rs. 128.73 Cr | Rs. 133.5 Cr | + 3.71 % | -5.52 % |
| EPS in Rs | Rs. 2.07 | Rs. 1.88 | Rs. 1.94 | + 3.19 % | -6.28 % |
In reviewing Firstsource Solutions Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.3 % year-on-year growth, however, there was a minor increase of 4.63 % from the previous quarter. Expenses rose by 8.18 % compared to the previous year, with a 4.46 % increase quarter-on-quarter. Operating Profit surged by 2.54 % annually, and saw a 5.57 % increase from the last quarter.
Net Profit showed yearly decrease of -5.52 %, and experienced a 3.71 % increase from the previous quarter. Earnings Per Share (EPS) fell by -6.28 % annually, however rose by 3.19 % compared to the last quarter. In essence, while Firstsource Solutions Ltd. faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
