Firstsource Solutions share price has zoomed 3% and is presently trading at Rs 320.0.
Meanwhile, the BSE IT index is at 43,110.8 (up 1.2%).
Among the top gainers in the BSE IT index today are Coforge (up 4.4%) and INFIBEAM AVENUES (up 3.7%).
KPIT TECHNOLOGIES (down 1.2%) and Eclerx Services (down 0.7%) are among the top losers today.
Over the last one year, Firstsource Solutions has moved up from Rs 168.4 to Rs 320.0, registering a gain of Rs 151.7 (up 90.1%).
On the other hand, the BSE IT index has moved up from 32,626.6 to 43,110.8, registering a gain of 32.1% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 165.1%), INFIBEAM AVENUES (up 108.9%) and Firstsource Solutions (up 90.1%).
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The BSE Sensex is at 81,840.0 (up 0.3%).
The top gainers among the BSE Sensex today are Bharti Airtel (up 1.5%) and Infosys (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 25,024.6 (up 0.4%). Divis Laboratories and LTIMINDTREE are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,840.0, registering a gain of 15,959.5 points (up 24.2%).
Firstsource Solutions net profit grew 7.4% YoY to Rs 1,352 million for the quarter ended June 2024, compared to a profit of Rs 1,260 million a year ago. Net sales rose 17.1% to Rs 17,911 million during the period as against Rs 15,292 million in April-June 2023.
For the year ended March 2024, Firstsource Solutions reported 0.2% increase in net profit to Rs 5,147 million compared to net profit of Rs 5,137 million during FY23. Revenue of the company grew 5.2% to Rs 63,362 million during FY24.
The current Price to earnings ratio of Firstsource Solutions, based on rolling 12 month earnings, stands at 43.1.
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