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Net Sales are expected to increase by 0.3 percent Q-o-Q (up 5 percent Y-o-Y) to Rs. 1,433.5 crore, according to Arihant Capital.
FY18 growth outlook & margin guidance will be closely watched.
The market is expecting CESC to go through a restructuring process but the company‘s Chairman Sanjiv Goenka said the board did not discuss this aspect in the meeting today. He said consultants are reviewing the restructuring exercise and will present to board soon. They are also evaluating various options of restructuring, he added.
The performance of Firstsource in the first half of the current year is representative of the full year, says Chairman Sanjiv Goenka in an interview to CNBC-TV18 after the company reported its quarterly earnings today.
According to Rajesh Subramaniam, Q3 is seasonally a weak quarter for the company given the US holiday season but there has been improvement in profitability on account of actions related to low profitable or non-profitable accounts for which there was a methodical basis of shutting them down or renegotiating contracts
Firstsource Solutions has an obligation to repay USD 44.5 million of debt every year, which works out to nearly USD 11.1-11.2 million every quarter.
Rajesh Subramaniam, MD & CEO of Firstsource Solutions, a Mumbai-based outsourcing company is confident of reducing the company's debt by USD 45 million to USD 155 million by the end of FY14.
Recently, Firstsource had entered a deal with CESC, whereby the latter will acquire 49.5% equity in Firstsource for Rs 280 crore. Rajesh Subramaniam, Managing Director and CEO of Firstsource Solutions said the stake buy will not change the company‘s existing management.
Managing director and chief executive of Firstsource Rajesh Subramaniam tells CNBC-TV18 that they aim to repay their FCCBs in full.
Speaking to CNBC TV 18, managing director and CEO, Matthew Vallance, Firstsource Solutions said, there is a strong rebound in our telecom business sector.
Speaking exclusively to CNBC-TV18, MD & CEO Matthew Vallance said, the company normally sees a seasonal decline in the numbers from the fourth quarter.
In an interview with CNBC-TV18, Matthew Vallance, MD & CEO of Firstsource Solutions, spoke about the company's results and the road ahead.