- Q4 FY2022 revenues (Retained Business) stood at Rs. 8,654.6 million, a growth of 13.6 % YoY.
- Reduction in gross debt of Rs. 2,045 million in Q4 FY2022; As on March 31, 2022, Net Cash stood at Rs. 35,175 million
- Announces Final Dividend of Rs. 25 /share. (on post 1:1 Bonus Share Capital)
- Total Dividend of effectively Rs. 245/share (on pre 1:1 Bonus Share Capital)
- Total Dividend Outgo of around Rs 5,120 million for FY2022
- Size of Buyback would be around Rs 975 crores. Detailed buyback process shall be announced later.
Mumbai, India, May 29, 2022: Hinduja Global Solutions (HGS) (listed in BSE & NSE) today announced its audited fourth quarter and full-year results for FY2022.
Speaking on the results, Partha DeSarkar, Executive Director and Group CEO of HGS said: “HGS had an eventful FY2022 – from posting strong revenue growth in all four quarters in an uncertain socio-economic environment,
registering our highest-ever quarterly PAT, to divesting the healthcare services business for an almost 3x valuation and enhancing shareholder value.
Our strategy was to continue leveraging the hybrid working model, sustain client win momentum and sell more digital-led services. This focus has helped us achieve significant growth across all business parameters during the year. HGS signed a couple of our biggest deals ever, increased our digital services footprint across clients, ramped up headcount in the UK and launched new solutions such as Cloud Accelerator and HGS Agent X. We also expanded into Australia & New Zealand through the acquisition of Diversify Australia, thus opening up an attractive, high-potential client market.
In Q4, our continuing operations reported robust double-digit revenue growth, led by ramps and new logo wins in the UK and digital businesses. We expect the trend to continue in the coming quarters.
HGS completed the acquisition of Diversify Australia in February, and we are pleased with how the integration is shaping up. Since the acquisition, the Diversify team has won 6 new clients while the sales pipeline for FY2023 is looking healthy. We expect good traction in this business.
Looking ahead, we will continue to invest in building HGS 2.0 through proactive customer experience solutioning and acquiring digital capabilities across automation, analytics & AI and cloud even as we explore geographic expansion.”
