Saturday, February 14, 2015

Firstsource Solutions Ltd: Q3FY15 Results as per expectations
[Editor: FSL Ltd (Rs.30.10) has come up with flat set of numbers for the Q3FY15, according to the expectations. The stock which touched Rs.33, after my recommendation, can therefore, trade sideways for some more days, before showing a clear direction. In such circumstances, the short term investors/traders are suggested to shift either to UCO Bank Ltd (Rs.71.20) or Unitech Ltd (Rs.16.70). However, the long term investors can hold the scrip with a SL of Rs.26]
Firstsource Solutions Ltd came out with flat set of numbers both for the top and bottomlines for Q3FY15. Firstsource Solutions Ltd has announced the following results for the quarter ended December 31, 2014:

The Audited Standalone results for the Quarter ended December 31, 2014

The Company has posted a net profit of Rs.458.82 million for the quarter ended December 31, 2014 as compared to Rs.362.83 million for the quarter ended December 31, 2013. Total Income has decreased marginally from Rs.2409.19 million for the quarter ended December 31, 2013 to Rs.2404.75 million for the quarter ended December 31, 2014.

The Consolidated Results are as follows:

The Audited Consolidated results for the Quarter ended December 31, 2014

The Group has posted a profit after taxes and minority interest Rs.575.13 million for the quarter ended December 31, 2014 as compared to Rs. 483.10 million for the quarter ended December 31, 2013. Total Income has decreased from Rs. 8000.06 million for the quarter ended December 31, 2013 to Rs. 7534.95 million for the quarter ended December 31, 2014.
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