Hinduja Global Solutions Q1 Results Total Revenue ₹1,091.92 crores & Operating Loss ₹114.46 crores

Hinduja Global Solutions Q1 Results: Hinduja Global Solutions reported its Q1 results with some notable changes in financial performance. The total revenue for June 2024 was ₹1,091.92 crores, which shows a decrease of 0.62% QoQ compared to ₹1,069.81 crores in March 2024. Year-over-year (YoY), this revenue decreased by 3.67% from ₹1,133.49 crores in June 2023. The selling, general, and administrative (SG&A) expenses also dropped slightly, totaling ₹626.47 crores in June 2024, which is a decrease of 0.80% QoQ from ₹661.05 crores. When looking at the YoY comparison, SG&A expenses fell significantly by 8.74% from ₹686.43 crores in June 2023.

Operating income reflected a loss of ₹114.46 crores this quarter, which is a significant increase in losses, up 70.54% QoQ from ₹77.31 crores. YoY, the loss is even more significant, rising from a loss of ₹47.01 crores. Despite the losses, the net income for June 2024 was ₹165.56 crores, a massive increase of 82.99% QoQ from ₹9.01 crores and a staggering rise of 1013.67% YoY from ₹14.87 crores. The diluted normalized earnings per share (EPS) was reported at -₹11.11, indicating a loss, which reflects the challenges faced by the company.

Here’s the financial summary for Hinduja Global Solutions' Q1 results, presented in a simple table format:

(All figures in crores except per share values)

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 result

Hinduja Global Solutions Q1 Results

Hinduja Global Solutions (HGS) released its financial results for the quarter ending on June 30, 2024. During this period, the company earned a total income of ₹470.38 crores. This amount includes ₹411.11 crores from operations, which is slightly lower than the previous quarter’s earnings of ₹416.38 crores. Additionally, HGS reported other income of ₹59.27 crores, which also fell from ₹94.91 crores in the previous quarter.

On the expense side, HGS had total expenses of ₹551.67 crores, up from ₹497.81 crores in the prior quarter. The high expenses resulted in a loss before tax of ₹81.29 crores, compared to a profit of ₹13.48 crores in the last quarter. After accounting for taxes, which were ₹3.89 crores, the company reported a net loss of ₹85.18 crores for the quarter. This is worse than the profit of ₹22.83 crores in the previous quarter.

Here’s a simplified breakdown of the unaudited standalone financial results for the quarter ended June 30, 2024:

(Rs. in Crores)

Hinduja Global Solutions Stock Performance

Hinduja Global Solutions (HGS) is a company with a market capitalization of ₹3,911 crore, indicating its overall value in the market. The current stock price is ₹841, with a high of ₹1,040 and a low of ₹719 over a certain period, showing its price range. The stock has a P/E ratio of 68.9, which means investors are willing to pay ₹68.90 for every ₹1 of earnings, suggesting high expectations for growth. The book value is ₹1,610, indicating the value of the company’s assets. HGS offers a dividend yield of 0.87%, meaning investors receive a small return on their investment. 

Here’s a summary of the provided financial information in a simple table format:

Quarterly Results 

In the summary for Hinduja Global Solutions, the financial results for Dec 2023, Mar 2024, and Jun 2024 show important changes in their performance. In Dec 2023, the company reported sales of Rs. 1,204 crores and an operating profit of Rs. 115 crores, with a high operating profit margin of 10%. However, in Mar 2024, sales decreased to Rs. 1,099 crores, and while operating profit fell to Rs. 66 crores, the net profit increased to Rs. 88 crores, indicating strong other income. By Jun 2024, sales slightly declined to Rs. 1,092 crores, but net profit rose significantly to Rs. 162 crores, showing improvement despite a low operating margin of 2%.

Here’s the version of the quarterly results summary for Dec 2023, Mar 2024, and Jun 2024:

(Consolidated Figures in Rs. Crores)

About Hinduja Global Solutions

Hinduja Global Solutions (HGS) is a well-known service provider based in Bangalore, India. With over 40 years of experience, HGS works with some of the most famous brands in the world. The company focuses on providing customized, technology-driven solutions that improve customer experiences. HGS has a large team of more than 20,000 employees who work in over 30 delivery centers around the globe. These centers are located in countries like the United States, Canada, Australia, the United Kingdom, India, Jamaica, Colombia, the United Arab Emirates, and the Philippines. 

HGS serves more than 1,000 leading brands across various sectors, including healthcare, telecommunications, and finance. By using its deep knowledge and expertise, HGS helps its clients enhance their services and connect better with their customers. The company aims to deliver high-quality solutions that meet the unique needs of each client, ensuring satisfaction and loyalty.