Hinduja Global Solutions Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 09:14 am EST
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Hinduja Global Solutions Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,798.61 million compared to INR 11,675.44 million a year ago. Revenue was INR 12,874.02 million compared to INR 13,528.3 million a year ago. Net income was INR 177.21 million compared to INR 2,212.86 million a year ago. Basic earnings per share from continuing operations was INR 3.93 compared to INR 33.57 a year ago. Diluted earnings per share from continuing operations was INR 3.93 compared to INR 33.56 a year ago. Basic earnings per share was INR 3.93 compared to INR 42.47 a year ago. Diluted earnings per share was INR 3.93 compared to INR 42.46 a year ago.
For the six months, sales was INR 23,133.48 million compared to INR 23,162.28 million a year ago. Revenue was INR 25,350.19 million compared to INR 26,741.62 million a year ago. Net income was INR 325.87 million compared to INR 2,558.91 million a year ago. Basic earnings per share from continuing operations was INR 7.18 compared to INR 40.18 a year ago. Diluted earnings per share from continuing operations was INR 7.18 compared to INR 40.17 a year ago. Basic earnings per share was INR 7.18 compared to INR 48.99 a year ago. Diluted earnings per share was INR 7.18 compared to INR 48.98 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.