Mumbai-headquartered Firstsource Solutions Ltd, an RP-Sanjiv Goenka group company, may look at other revenue streams, going beyond its core business process management services.
According to Sanjiv Goenka, Chairman, Firstsource, the company will take a call in this regard later.
He did not elaborate on the streams that Firstsource will look at but maintained that these could be related to “value-addition services to customers”.
“We may look at diversification. But we need to look at the report from our consultants. Right now, we will focus on what we are doing,” he said during a press conference here.
Eyeing acquisitionsAccording to Goenka, Firstsource was also open to “niche acquisitions” in the field of data analytics and so on. Acquisitions could be explored in India and globally.
Firstsource, after its acquisition by Sanjiv Goenka in October 2012, made a “strategic investment” in Bengaluru-based data analytics company NanoBi. Earlier this year, it acquired the BPO business of US-based ISGN.
By this year-end, the company is looking to shed its debt to $76 million, which stood at $240 million at the time of acquisition. Every quarter, around $11 million of debt is being repaid.
Financial resultsOn a standalone basis, the company saw its profit after tax fall 10 per cent to ₹42 crore in the July-to-September period, from ₹47 crore in the corresponding period last year.
Total income from operations stood at ₹232 crore.
On a consolidated basis, Firstsource saw an over 20 per cent jump in net profit during the quarter, to ₹71 crore (₹59 crore). Total income (consolidated) stood at ₹884 crore — a 12 per cent jump from ₹788 crore in the year-ago-period.
According to Goenka, the contract pipeline — or contracts under negotiation — stands at $332 million.
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