Hinduja Global Solutions Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Revenue from operations slipped 7.85% to Rs 1,087.15 in Q2 FY25 as against Rs 1,179.86 crore posted in the second quarter of FY24.

The company reported pre tax loss of Rs 40.66 crore in Q2 FY25 as compared with profit before tax of Rs 24.52 crore reported in same period last year.

Total expenses stood at Rs 1,248.24 crore in Q2 FY25, down 1.15% year on year. Purchases of stock in trade was Rs 20.62 crore (up 126% YoY), employee benefits expenses stood at Rs 639.75 crore (down 2.24%YoY), finance costs was at Rs 62.36 crore (up 36.51% YoY) during the period under review.

On half year basis, the company’s net profit zoomed 268.97% to Rs 120.25 crore on 5.80% decline in revenue from operations to Rs 2,179.07 crore in H1 FY25 over H1 FY24.

HGS provides solutions in digital consumer experience (CX), business process management (BPM) and digital media services.

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Net loss of Hinduja Global Solutions reported to Rs 45.30 crore in the quarter ended September 2024 as against net profit of Rs 17.72 crore during the previous quarter ended September 2023. Sales declined 7.86% to Rs 1087.15 crore in the quarter ended September 2024 as against Rs 1179.86 crore during the previous quarter ended September 2023.

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Hinduja Global Solutions will hold a meeting of the Board of Directors of the Company on 14 November 2024

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Hinduja Global Solutions today launched a state-of-the-art 'HGS AI Hub' in Manila, Philippinesto boost digital experience for its clients. This hub will serve as an interactive space where clients, partners, and employees can leverage advanced technologies to co-create digital solutions.

The HGS AI Hub is a unique facility in the Philippines, offering an immersive experience with digital technologies such as automation, analytics, AI, virtual reality, visual AI, and speech AI, all under one roof. Clients can interact with various technologies in real-time, providing an ideal setting for leveraging design thinking techniques to reimagine customer experience and develop practical solutions.

The HGS AI Hub was inaugurated by distinguished dignitaries, including His Excellency Harsh Kumar Jain, Ambassador of India to the Republic of Philippines; Partha DeSarkar, Group CEO - HGS; Pushkar Misra, President and CEO - HGS APAC; Mon Ibrahim, Executive Member National Innovation Council Philippines, and other senior HGS leaders.

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