HGS Q2 profits up 18.5% to ~37.41 cr

Hinduja Global Services Ltd (HGS), the BPO and technology services arm of the Hinduja Group, reported a 18.5 per cent growth in second quarter profits at ~37.41 crore. Its revenue grew 15 per cent at ~905 crore. The back office provider said margins stood at 13 per cent in the quarter. HGS reported profits of ~31.56 crore on revenue of ~789 crore in the same period last year.

Partha DeSarkar, chief executive of HGS, said the topline growth was driven by robust performance in healthcare vertical and offshore business.

During this quarter, the company opened a delivery centre in Philippines.