Shares of Hinduja Global Solutions (HGS) dropped by nearly 5% on February 17, 2025, after the company reported disappointing Q3 FY25 results. The stock closed at ₹565.05, reflecting a decline of 4.87% in the session.
For the December quarter, HGS posted a consolidated loss of ₹8.59 crore, a sharp contrast to the profit of ₹8.18 crore reported in the same period last year. Revenue from operations also faced a significant dip, falling by 11.6% to ₹1,064 crore compared to ₹1,204 crore in Q3 FY24. This decline comes after the company suffered a larger loss of ₹50.5 crore in the previous quarter (July-September), with revenues at ₹1,087 crore.
The company’s EBITDA also saw a considerable drop, down 45%, with margins contracting to 6% compared to 9.6% in the same period last year.
The workforce stood at 18,169 employees at the end of Q3. HGS Group CEO, Partha DeSarkar, mentioned that decision-making and contract signings had been slow throughout FY25, though he expects this to improve in FY2026.
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