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Firstsource Solutions reports 16% fall in Q4 consolidated net profit

Firstsource Solutions has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a jump of 97.28% in its net profit after tax at Rs 54.66 crore for the quarter ended March 31, 2017 as compared to Rs 27.71 crore for the same quarter in the previous year. Total income of the company increased by 14.87% at Rs 240.08 crore for quarter under review as compared to Rs 209 crore for the quarter ended March 31, 2016.

On consolidated basis, the company has reported fall of 16.24% in its net profit after taxes at Rs 64.90 crore for the quarter ended March 31, 2017 as compared to Rs 77.49 crore for the corresponding quarter in the FY16. However, total income from operations of the company increased by 2.63% at Rs 892.30 crore for quarter under review as compared to Rs 869.43 crore for the same quarter ended previous year.

For the year ended March 31, 2017, the company has posted a rise of 24.62% in its net profit at Rs 188.46 crore as compared to Rs 151.22 crore in FY16. Total income of company increased by 7.45% at Rs 940.07 crore for year under review as compared to Rs 874.88 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted rise of 7.02% in its net profit at Rs 279.24 crore as compared to Rs 260.93 crore in the previous year. Total income from operations of company increased by 10.52% at Rs 3555.61 crore for year under review as compared to Rs 3217.25 crore for the year ended March 31, 2016.

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