Hinduja Global Solutions Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 31, 2024 at 09:46 am
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Hinduja Global Solutions Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 10,987.07 million compared to INR 10,698.11 million a year ago. Revenue was INR 12,578.57 million compared to INR 11,681.23 million a year ago. Net income was INR 904.76 million compared to INR 253.2 million a year ago. Basic earnings per share from continuing operations was INR 18.52 compared to INR 4.89 a year ago. Diluted earnings per share from continuing operations was INR 18.52 compared to INR 4.89 a year ago. Basic earnings per share was INR 18.52 compared to INR 4.89 a year ago. Diluted earnings per share was INR 18.52 compared to INR 4.89 a year ago.
For the full year, sales was INR 46,157.23 million compared to INR 45,051.64 million a year ago. Revenue was INR 50,877.81 million compared to INR 50,066.93 million a year ago. Net income was INR 1,331.97 million compared to INR 3,320.52 million a year ago. Basic earnings per share from continuing operations was INR 27.52 compared to INR 54.86 a year ago. Diluted earnings per share from continuing operations was INR 27.52 compared to INR 54.86 a year ago. Basic earnings per share was INR 27.52 compared to INR 63.66 a year ago. Diluted earnings per share was INR 27.52 compared to INR 63.66 a year ago.
Hinduja Global Solutions Limited is an India-based company, which is engaged in business process management (BPM) and media and communication business. The Company operates through two segments: BPM and Media and communications. The BPM segment offer voice and non-voice-based services such as contact center solutions and back-office transaction processing across America, Canada, Europe, Asia and Middle East. The Media & Entertainment activities include the commercial exploitation of Dark Fiber owned by the Company as a licensee under the Telecom regulations. The BPM includes services like back-office processing, contact center and HRO solutions. Its digital media business, NXTDIGITAL, is an integrated digital delivery platforms company delivering services via satellite, digital cable, and broadband. The Company's subsidiaries include HGS International, Mauritius, HGS (USA), LLC, HGS Canada Inc., Hinduja Global Solutions UK Ltd, Team HGS Ltd., Jamaica, HGS Digital LLC, and others.