Hinduja Global Solutions, an outsourcing solutions provider, has reported a 80 per cent rise in consolidated net profit at Rs 36.15 crore for the first quarter ended June 30, 2009.
Consolidated revenues during the three-month period increased 30 per cent to Rs 221 crore, Hinduja Global said in a release.
The business environment remains choppy and it is not easy to grow, Hinduja Global CEO Partha Sarkar said, adding the company is well positioned to capture opportunities that will arise as more organisations around the world undergo business transformation.
The company had 14,205 associates at the end of the last fiscal and added two new clients during the June quarter.
The firm had to provide towards mark-to-market losses on outstanding forward exchange contracts held for hedging future customer receivables, but said that it would not affect the company's earnings.