India's Firstsource Solutions falls 4% on Q4 core profit decline

Firstsource Solutions

05/05/2023 07:22

** Shares of Firstsource Solutions Ltd  FISO.NS  fall as
much as 4% to 111.80 rupees, a two-week low
    ** The business process management services' provider
reported 0.4% YoY decline in core profit in March quarter to
2.44 bln rupees, during market hours on Thursday
    ** Stock fell 1.27% in the previous session
    ** Core profit margins contracted to 15.7% in March quarter,
compared to 15.9% a year ago
    ** Trading volume is 1.38 mln shares as of 11:43 p.m. IST,
0.9x the 30-day avg - Refinitiv data
    ** Of the nine analysts tracking FISO, four maintain "buy",
two suggest "sell" and three recommend "hold"; median TP is 125
rupees - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))