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Earnings Call

Firstsource Solutions Earnings Call: Key Takeaways

Firstsource crossed $1 billion annual revenue in FY26, transitioning to an AI-led 'Intelligence that operates' model. Management reported strong deal momentum with 17 large wins and sequential margin expansion.

Why this was an Alfa AlertNot a filter event. FY26 EBIT margin (11.7%) and revenue growth were within previously guided ranges.
Highlights
Revenue growthFY26: 13.6% CC growth; FY27 Guide: 10-13% CC.
MarginsSix straight quarters of expansion; targeting 14-15% EBIT medium-term.
Order book17 large deals won in FY26; ACV intake remains healthy.
Demand visibilityStrong; 24 strategic logos added in FY26 with scaling potential.
Management confidenceHigh; record deal pipeline exceeding $1 billion.

Growth

FY26 revenue grew 19.7% YoY to ₹95.6B ($1,082M). Q4 revenue grew 19.5% YoY; PAT grew 13.5% for FY26.

Outlook

FY27 constant currency revenue growth guided at 10-13%; EBIT margin target raised to 12.25-12.75%.

Risks

Softness in CMT vertical; regulatory delays in UK collections; tighter Medicare Advantage environment impacting healthcare payer ramp-ups.

Source

Earnings Call filed with NSE, NSE: FSL. Summary written with AI assistance from the document.

Read the document ↗

Firstsource Solutions Ltd: key numbers

Share price
₹259.45
Market cap
₹18,095 Cr
Revenue (annual)
₹9,556 Cr
Net profit (annual)
₹674.4 Cr
P/E (TTM)
27.0×Sector 22.1×
Promoter holding
53.66%+0.00% QoQ
FII holding
8.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Firstsource Solutions Ltd

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16:33 IST BSE
Employee Stock Options

Firstsource Solutions Employee Stock Options

Firstsource Solutions allotted 30,451 equity shares under its ESOS 2003 and ESOP 2019 employee stock option plans following the exercise of vested options.

17:42 IST BSE
Other Announcement

Firstsource Solutions Other Announcement

Firstsource Solutions Ltd informed exchanges about an unsolicited ESG rating of 75.00 assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited.

12:13 IST BSE
Price Movement Clarification

Firstsource Solutions Price Movement Clarification

Firstsource Solutions responded to a BSE surveillance query on volume/price movement, stating the move is purely market-driven. No specific news or corporate event was cited to explain the fluctuation.

16:27 IST BSE
Capital Structure Change

Firstsource Solutions Capital Structure Change

Firstsource Employee Benefit Trust sold 67,968 equity shares through market and off-market transactions. The total consideration for these sales is approximately ₹0.12 Crore.

Value
₹0.12 Cr
16:17 IST BSE
Employee Stock Options

Firstsource Solutions Employee Stock Options

Firstsource Solutions Ltd allotted 67,968 equity shares under its ESOP 2003 and ESOP 2019 schemes following the exercise of stock options.