In comparison to the March quarter of the prior fiscal year, the net profit for the first quarter was 125.9 crore rupees, or Rs.
INTRODUCTION
Firstsource Solutions Ltd.’s stock dropped more than 4% after the company announced an 11% decline in net profit for the three months ending in June 2023. In comparison to the March quarter of the prior fiscal year, the net profit for the first quarter was 125.9 crore rupees, or Rs.
- The stock has returned 35.38% over the past year, and it has increased 38.79% this year. On the BSE, a total of 3.44 lakh shares were exchanged for a turnover of Rs. 4.95 crore.
- On December 26, 2022, the price of Firstsource Solutions shares reached a 52-week low of Rs 95.80, and on August 1, 2023, it reached a 52-week high of Rs 147.45.
Technically speaking, Firstsource Solutions’ relative strength index (RSI) is 75.3, indicating that it is neither overbought nor oversold at this time.
- A one-year beta of 1 for the Firstsource Solutions stock indicates average volatility during the time frame.
- Revenue decreased from Rs 1556.6 crore in the quarter ending in March 2023 to Rs 1526.69 crore in the first quarter ending June 30, 2023.
- In the June 2023 quarter, profit before tax fell 9.61% to Rs 155.29 crore from Rs 171.87 crore the previous quarter.
“The first quarter FY24 results for Firstsource reflect the success of our strong, domain-led offerings underpinned by our sharp client focus to help enterprises navigate rapid economic, technological, and consumer evolution,” stated Sanjiv Goenka, Chairman of RPSG Group and Firstsource Solutions.
CONCLUSION
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