Hinduja Global Solutions Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 02:09 pm EDT
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Hinduja Global Solutions Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 10,698.11 million compared to INR 11,100.19 million a year ago. Revenue was INR 11,682.31 million compared to INR 12,267.46 million a year ago. Net income was INR 254.27 million compared to INR 57,276.92 million a year ago. Basic earnings per share from continuing operations was INR 4.87 compared to INR 8.74 a year ago. Diluted earnings per share from continuing operations was INR 4.87 compared to INR 8.74 a year ago. Basic earnings per share was INR 4.87 compared to INR 1,092.57 a year ago. Diluted earnings per share was INR 4.87 compared to INR 1,091.64 a year ago.
For the full year, sales was INR 45,051.64 million compared to INR 42,733.62 million a year ago. Revenue was INR 50,231.92 million compared to INR 44,788.91 million a year ago. Net income was INR 3,484.71 million compared to INR 60,468.35 million a year ago. Basic earnings per share from continuing operations was INR 57.99. Diluted earnings per share from continuing operations was INR 57.99. Basic earnings per share was INR 66.79. Diluted earnings per share was INR 66.79.
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.