The shares of the digital customer solution provider gained up to 8 percent after the company launched OneX, a unified network-as-a-service solution covering network management, security, and LAN-side control solutions.
With a market capitalization of Rs 4,016.56 crore, the shares of Hinduja Global Solutions Ltd were trading at Rs 863.40 per share, increasing around 5 percent as compared to the closing price of Rs 824.50 apiece.
According to the company filing, CelerityX, the enterprise networking solutions business of OneOTT Intertainment Ltd, a subsidiary of Hinduja Global Solutions Limited announced the launch of OneX, a unified network-as-a-service solution covering network management, security, and LAN-side control solution.
Furthermore, it established a strategic relationship with the Maharashtra State Cooperative Credit Societies Federation (MAFCOCS), which seeks to provide secure and high-uptime banking connectivity to over 40,000 branches in the state, with the potential to service over 100,000 branches nationwide.
According to the company’s financials, sales climbed by 7% from Rs. 1,119.12 crores in Q3FY23 to Rs. 1,203.67 crores in Q3FY24. During the same time frame, Net Profit decreased by 84% from Rs 51.62 crores to Rs 8.18 crores.
The company works through the BPM division, which integrates automation, analytics, and artificial intelligence with deep domain expertise in digital customer experiences, back-office processing, contact centers, and human resource management solutions.
The company’s profitability measures show a decrease in return on equity (RoE) from 78.16 percent in FY 21-22 to 3.88 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 1.75 percent to 3.06 percent. In contrast, the net profit margin (NPM) was 7.42 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, the Promoters of the company own 67.72 percent while Retail shareholders own a 19.56 percent stake in the company, and Foreign Institutional Investors own a 12.49 percent stake.
Hinduja Global Solutions Ltd is in the business of managing business processes (BPM). It provides voice and non-voice services worldwide, including contact center solutions and back-office transaction processing.
Written by:- Abhishek Singh
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