Firstsource Solutions Reports Record High Net Sales and Operating Profit in Q1 2024
Firstsource Solutions, a leading BPO/ITeS company, has announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMojo. Despite a flat performance, the company has recorded a record high in net sales and operating profit, indicating a positive trend for future growth.
Firstsource Solutions, a leading BPO/ITeS company in the midcap industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Firstsource Solutions has shown a flat performance in the quarter, with a score of 2, which is an improvement from the previous quarter's score of -2. However, there are some positive aspects to the company's financials.
One of the highlights is the net sales for the quarter, which have reached a record high of Rs 1,670.46 crore, the highest in the last five quarters. This indicates a positive trend in the company's sales in the near term.
Another positive aspect is the operating profit (PBDIT) for the quarter, which has also reached a record high of Rs 250.33 crore, the highest in the last five quarters. This shows a positive trend in the company's operating profit in the near term.
Overall, Firstsource Solutions has shown a stable financial performance in the quarter ending March 2024. With its net sales and operating profit on an upward trend, the company is poised for growth in the near future.
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