HGS Q3 results: reported 94% raised to Rs 71 Crore

HGS Q3 results: reported 94% raised to Rs 71 Crore

HGS Q3 results: reported 94% raised to Rs 71 Crore

HGS Q3 results: reported 94% raised to Rs 71 Crore

HGS Q3 results: Hinduja Global Solutions is a business process management organization. It combines technology-powered services on back-office processing. The company reported a 93.7% increase in its consolidated net profit at Rs 71.1 crore for this quarter.

However, the company also posted a profit of Rs 36.7 crore in the same quarter previous year. The companies revenue growth also increased to 5% to Rs 1,335.7 crore for this period as compared to Rs 1,272.6 crore in Q3 of previous year.

The Ceo of HGS Mr. Partha Desarkar said, “The company reported solid revenue growth in the present quarter of the fiscal year 2020. The company growth increased in the departments of Healthcare and Consumer Engagement Services (CES)” due to the demand.

The festive season helped to increase the growth in Consumer Engagement Services (CES), whereas the Healthcare business saw a solid growth due to the open Enrollment across the US, Jamaica, and India, said by CEO.

In November 2019, the company sold its Domestic CRM market to the company Altruist. The process of selling our business is our strategy to focus on profitable growth for the company. This quarter, we are continuing with our partners and we hope to join new in HGS Digital Services”.

The highest brand in HGS is Hinduja Global Solutions Digital, the company’s focus on innovation, and technology is the main fundamental growth of the company, he said. However, the board of the company decided to distribute Rs 15 per equity share to the shareholders for the fiscal year 2019-20.

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