IT solutions company Firstsource Solutions reported a consolidated net profit of Rs 28.9 crore for the first quarter ended June, as compared to Rs 10.6 crore in the year-ago period.
Revenues were up 29 per cent at Rs 675.1 crore (Rs 523 crore) at the end of June 2012. There was a substantial increase in segment revenue from the US, the UK and Canada.
Firstsource got 42 per cent of its revenue from telecom and media, 33 per cent from Healthcare, 25 per cent from BFSI and 1 per cent from other verticals.
“We are also encouraged by a good build-up of the new business pipeline across the company and are well positioned in a number of client situations,” said Mr Rajesh Subramaniam, Managing Director & Chief Executive Officer, Firstsource.
The stock closed at Rs 9.53, up 9.53 per cent from its previous close on the BSE.