Q1 2025 Hinduja Global Solutions Ltd Earnings Call Transcript
Key Points
- Hinduja Global Solutions Ltd (BOM:532859) reported a significant increase in total profit after tax, showing a growth of 870.9% year-over-year.
- The company has successfully set up its South Africa office and is ready to start operations in the next couple of months.
- Investments in AI capabilities, including setting up AI labs and developing conversational bots, are expected to enhance customer experience and operational efficiency.
- The media business, particularly the digital television and broadband segments, has shown robust year-on-year growth, with digital television growing by 6% and broadband by 15%.
- The company has reduced its borrowings by INR198 crore between March and June 2024, strengthening its financial position.
- Consolidated revenues saw a slight dip of 3.7% year-over-year, indicating some challenges in revenue growth.
- EBITDA margins were low at 1.5% due to certain one-off costs incurred during the quarter.
- There is a noted slowness in demand due to macroeconomic factors and uncertainties around upcoming elections, affecting client decision-making.
- The company faces challenges in the macro economy with volatility and delayed decision-making in key clients.
- There was a drop in other income by INR23 crore compared to the previous quarter, primarily due to the absence of profits from the sale of fiber assets.
Good evening, ladies and gentlemen. A very warm welcome to the Q1 FY2025 earnings call of Hinduja Global Solutions Limited. From the senior management we have with us today Mr. Partha DeSarkar, Executive Director and Group CEO; Mr. Vynsley Fernandes, Whole-Time Director at HGS and CEO, NXTDIGITAL; and Mr. Srinivas Palakodeti, Global CFO.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Darshan Mankad, from Adfactors. Thank you and over you sir.
Thank you Rico. Good afternoon, everyone. We welcome you to the earnings call of Hinduja Global Solutions Limited for the first quarter ended June 30, 2024.
Before we begin the earnings call, I would like to mention that some of the statements made during today's call might be forward-looking in nature and hence, it may involve risks and uncertainties, including those related to the future financial and operating performance of the company. Please bear with us if there is a call drop
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