Business process management (BPM) major WNS Holdings on Thursday reported a 6.7 per cent decline in net profit at USD 27.5 million (around Rs 206.2 crore) for the March 2021 quarter.
As per the general accounting standards, the company had registered a net profit of USD 29.5 million in the year-ago same period, WNS said in a statement.
The company’s revenues fell 1.8 per cent to USD 243.9 million in the quarter under review, from USD 248.3 million in the year-ago period. Sequentially, it increased 2.3 per cent from USD 238.4 million in the December 2020 quarter. “Year-over-year, fiscal Q4 revenue was adversely impacted by the COVID-19 pandemic including lower volume requirements from certain clients and service delivery constraints resulting from the transition to a ‘work from home’ delivery model,” WNS said.These headwinds more than offset the year-over-year revenue growth driven by new client additions, the expansion of existing relationships, and currency movements net of hedging, it added.