Firstsource Solutions rose 4.07% to Rs 12.80 at 15:04 IST on BSE after the company reported a consolidated net profit of Rs 28.28 crore in Q2 September 2008 as against net loss of Rs 50.04 in Q1 June 2008.
The company declared the results during market hours today, 24 November 2008.
The stock hit a high of Rs 14.20 and a low of Rs 12.05 so far during the day. The stock had a 52-week high of Rs 89.80 on 3 January 2008 and a 52-week low of Rs 11.55 on 21 November 2008.
The small-cap Back-office firm has an equity capital of Rs 428.19 crore. Face value per share is Rs 10.
The current price of Rs 12.80 discounts its Q2 September 2008 annualised EPS of Rs 2.52, by a PE multiple of 5.07.
Firstsource Solutions' consolidated sales rose 5.17% to Rs 429 crore in Q2 September 2008 over Q1 June 2008.
Firstsource Solutions reportedly expects to see a slowdown in revenue growth for the year-ending March 2009 as business slows and on foreign currency volatility. The firm has revised downwards its annual dollar revenue guidance to 21% from 33-38% announced earlier.
Firstsource Solutions provides business process outsourcing services. The company provides services globally to companies in the banking, financial services, and insurance industries.
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