HGS ANNOUNCES Q4 AND FULL-YEAR RESULTS FOR FY2019 Mumbai, India, May 30, 2019:
Hinduja Global Solutions (HGS) (listed in BSE & NSE) today announced its audited Fourth Quarter and Full-Year Results for FY2019.
Speaking on the results, Partha DeSarkar, CEO of HGS said: “HGS has traditionally reported a strong Q4 and FY2019 was no exception. Our topline in Q4 FY2019 grew by over 28% YoY in rupee terms, EBITDA grew by 43.3% and PAT grew by 6.1%. Of this 28% YoY growth in revenues, organic growth contributed 15.9%, inorganic growth 6.6% and the rest 5.5% came from forex gains. This was led by a robust performance by most of our businesses and geographies. We have seen significant improvement in the performance of AxisPoint Health and India domestic business
For the full year FY2019, HGS generated a topline of Rs. 48,167 million, a growth of 25.1% YoY. Of this, around 8.1% came from acquisitions, 7% exchange rate variations and around 10% from organic growth. EBIDTA grew by 8.6% to Rs. 4,411 million; however, PAT for the year fell by around 11.4%, mainly on account of losses from the AxisPoint Health business and drop in profitability of the India domestic business. Digital revenues as share of total revenues increased from 4% in FY2018 to 7% in FY2019.
HGS signed 21 new clients during the year, including some large wins in new verticals such as logistics, and expanded its presence in USA, India and Philippines to meet demand. The business outlook for FY2020 remains positive with strong revenue growth.
HGS continues to invest in building capabilities, especially in growth areas such as healthcare and digital. Our solutions such as Social Care and RPA as a Service are seeing good traction. Based on the visibility from new wins and a healthy pipeline, we expect to post strong topline growth in the new fiscal.”