Mumbai: Hinduja Global Solutions Ltd, part of the multi-billion dollar Hinduja Group, Thursday announced 18.3 percent jump in net profit at Rs 41.3 crore in the quarter ended March 2015.
The net profit of the company stood at Rs 34.9 crore in the same period last year.
The company's net sales were up 10.2 percent at Rs 706.8 crore in Q4 FY15 as against Rs 641.5 crore in the corresponding period last year, a company statement said here.
On consolidated basis in FY15, its net sales increased by 12.1 percent to Rs 2,807.6 crore driven by increased contribution from the healthcare vertical. This growth was achieved despite the impact of portfolio rationalisation coupled with unfavourable foreign exchange variations, the company said.
The net profit stood at Rs 165 crore in FY15 as against Rs 169 crore in the same period last year.
The company said that its US operation received an offshoring opportunity from an existing consumer electronics client for Spanish language support from Philippines in FY15.
The Canadian operations performance remained soft due to prevailing labor market conditions and snow storm. However, demand from existing clients increased significantly. The UK and Europe operation experienced significant expansion in business opportunity and improvement in profitability
Commenting on the results and performance, Partha DeSarkar, Chief Executive Officer said, "In FY15, growth was achieved despite the impact of portfolio rationalisation coupled with unfavourable foreign exchange variations. The growth was primarily driven by our healthcare vertical, but it is encouraging to report that our other verticals performed as per our expectations."
"During the year, we undertook certain initiatives to widen our footprint and strengthen our capabilities. HGS MENA set up a marketing office in Dubai to capitalise on the opportunities in the region and the prospects are very encouraging.
"In March 2015, we acquired Colibrium, an innovation leader in delivering multi-channel sales, service and wellness automation to health plans. This acquisition in the US market complements and enhances our already strong healthcare payer servicing platform," DeSarkar said.
