The deal pipeline of the company is very attractive and currently stands at around USD 400 million.
Margin expansion will flow through on back of interventions done over the last 12 months like weeding out of non-profitable accounts and weeding out lines of businesses that were bleeding cash, said Rajesh Subramaniam of Firstsource Solutinos
Firstsource Solutions' policy of hedging is on a rolling 12-18 month basis, so the benefit of rupee depreciation will start to accrue from Q3 onwards, extending into a good part of the next year.
Rajesh Subramaniam, MD & CEO, Firstsource speaks on the company's debt repayment plans.
Sanjiv Goenka, vice-chairman, CESC explains to CNBC-TV18 that investors' concerns about the company's foray into the BPO and retail sectors complement the company's core-business of power generation.
Sanjiv Goenka of CESC told CNBC-TV18 the company will acquire 49.5% equity in FirstSource Solutions for Rs 280 crore.CESC is scheduled to buy 5% each from three FirstSource shareholders including ICICI, Temasek and Fidelity. Thereafter, CESC would provide an open offer at Rs 12.10 per share.
There has been a change of guard at Firstsource. In an interview to CNBC-TV18, Rajesh Subramaniam, managing director and chief executive officer of Firstsource says, the worst of the financial performance is behind the company.