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ICICI Direct Report
Firstsource Solution Ltd.'s dollar revenue increased 8.2% QoQ to $199.9 million.
Ebit margins increased 60 basis points QoQ to 12.6% mainly led by higher gross margins.
The company has incurred one-off exceptional expense of Rs 109 crore.
Hence, profit after tax declined 61% QoQ to Rs 46.7 crore.
Adjusting for the exceptional item, profit after tax increased 8.1% QoQ to Rs 130.9 crore.
The company has guided 15-18% YoY growth in FY22E revenues in constant currency terms and operating margins in the range of 11.8-12.3%.
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