• Hinduja Global Solutions Limited (HGS), a mid-cap company with a market capitalization of Rs. 6,921.12 crore, is engaged in the business of Knowledge Process Outsourcing (KPO) and Business Process Outsourcing (BPO).
Hinduja Global Solutions Limited (HGS), is a Mid-Cap company having a market capitalization of Rs. 6,921.12 crore, is engaged in the business of Knowledge Process Outsourcing (KPO) and Business Process Outsourcing (BPO). The firm is a global leader in Business Process Management (BPM), digital customer experience and consumer engagement. The Corporation today said that its Board of Directors has declared a record date for the Third Interim Dividend to ascertain the eligibility of shareholders for the above purpose.
“The Board of Directors has declared a third interim dividend of ₹2.50 per share (25%) for the financial year 2022-23 and has fixed March 6, 2023 as the 'record date' for payment of this interim dividend. The said dividend of ₹2.50 per share will be paid to the eligible members of the company on or before March 15, 2023, Hinduja Global Solutions said in a stock exchange filing.
In Q3FY23, the company declared a consolidated net income of ₹1164.64 Cr as compared to ₹1075.28 Cr in Q3FY22, representing a YoY growth of 8.3%. The company's EBITDA grew 57.1% YoY to ₹127.8 crore in the quarter ended December 2022, while its net profit reached ₹518.40 crore in Q3FY23, as against a net loss of ₹378.80 crore in the year-ago quarter.
HGS said its final share buyback price was fixed at Rs. 1,700 per equity share for a total consideration not exceeding Rs. 1,020 crore, excluding buyback tax; And for the same purpose the record date has been fixed as March 6, 2023.
Hinduja Global Solutions
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Speaking on the results, HGS Executive Director and Group CEO Parth Desarkar said: “HGS continues to maintain its momentum, with growth across most of its geographies, expansion in existing client accounts and acceleration in its digital solutions business Is. The company reported 8.3% YoY growth in total revenue for Q3 FY2023, while BPM revenue grew in double digits."
“The demand landscape for BPM services today is quite positive and is evolving towards more complex and digital-based CX opportunities. We are looking to drive digital-based solutions for our traditional customer engagement clients led by an integrated sales team Our digital business grew 36% year-over-year in the third quarter of fiscal 2023. We continue to deepen our relationships with existing digital customers and focus on long-term deals in areas such as managed services and cloud The TechLink acquisition, which we signed in December 2022, is expected to close soon and will further enhance our digital and analytics capabilities," said Parth Desarkar.
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