Genpact Ltd. Reports Strong Financial Performance in Q4 2023, Highest Net Sales and Profit in 5 Periods
Genpact Ltd., a leading provider of business process management and digital transformation services, has recently announced its financial results for the quarter ending September 2023. The company has shown a positive performance in terms of net sales, operating profit, and profit before tax, among others.
According to the financial report, Genpact’s net sales for the quarter were at USD 1,136 MM, the highest in the last five periods. This shows a growth of 3.2% over the average net sales of the previous four periods. The company’s operating profit (PBDIT) for the quarter was also at its highest at USD 186 MM, indicating a positive trend in the near term.
Genpact’s profit before tax (PBT) for the quarter was at USD 144 MM, the highest in the last five periods. This shows a growth of 9.6% over the average PBT of the previous four periods. The company’s profit after tax (PAT) for the quarter was at USD 122 MM, showing a growth of 13.7% over the average PAT of the previous four periods.
The company’s earnings per share (EPS) for the quarter were at its highest at USD 0.64, indicating an increase in profitability and higher earnings for shareholders. Genpact has also been reducing its debt as compared to equity capital, with a debt-equity ratio of 0.41 times, the lowest in the last five half yearly periods.
However, there are some areas that need improvement for Genpact. The company’s interest cost has increased by 23.72% over the preceding nine months period, indicating a rise in borrowings. The operating cash flow for the company has also been falling, with the lowest at USD 443.67 MM in the last three years. The company’s pace of settling its debtors has also slowed down, with a debtor turnover ratio of 4.14 times, the lowest in the last five half yearly periods.
Despite these challenges, Genpact has shown a positive financial performance in the quarter ending September 2023. With a stock call of ‘Buy’ by Infinhub, the company is expected to continue its growth trajectory in the near future. Investors can look forward to a promising future with Genpact Ltd. in the miscellaneous commercial services industry.