Firstsource Q3 net profit rises 16.6 pct to Rs 67.04 cr

Firstsource Solutions announced that it has posted a 16.6 per cent growth in its consolidated net profit at Rs 67.04 crore for the quarter ended December 2015 as against a net profit at Rs 57.51 crore for the quarter ended December 2014. The revenues of the company grew by 8.9 per cent to Rs 817.8 crore during the period under review as compared to Rs 751 crore in the corresponding period last year. Commenting on this, Firstsource chairman Sanjiv Goenka said, "Our third quarter results are consistent with expectations. We have been able to effectively meet operational as well as financial targets. Building on our growth momentum, we expect to see more demand across our key verticals.” He added, "We will continue to invest to expand our solutions portfolio and provide long-term value to our clients and stakeholders.”