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Investor Presentation

Firstsource Solutions Investor Presentation: Key Takeaways

Firstsource Solutions reported Q1FY27 revenue of ₹27,249 million and EBIT margin of 12.4%. Strategy focuses on AI-powered operations and deep domain expertise in chosen verticals like Healthcare and BFS.

Guidance and delivery
Management target Revenue 13.0% FY27
Highlights
Revenue growth22.9% YoY reported; 12.3% YoY CC.
MarginsEBIT margin expanded 110bps YoY to 12.4%.
Order bookLarge transformative deal in UK benefits/pensions administration.
Demand visibilityStrong, evidenced by 12 new logo additions.
Management confidenceHigh

Growth

Revenue grew 22.9% YoY (12.3% in constant currency); Profit After Tax grew 31.2% YoY excluding exceptional items.

Outlook

FY27 guidance set at 10-13% constant currency revenue growth and 12.25-12.75% EBIT margin.

Risks

TTM attrition increased to 33.1%; risks include wage increases, client concentration, and potential disruptions in telecom infrastructure.

Last quarter's promises, checked

Delivered

  • FY26 EBIT margin 11.5%-12% → delivered 11.7% (= BEAT)
  • FY26 Tax rate 19%-21% → delivered 20.6% (= BEAT)
  • Q4FY26 Revenue growth 11.6% CC → delivered 12.3% CC in Q1FY27 (= BEAT)

Partly delivered

  • FY27 Revenue growth 10%-13% CC → delivered 12.3% (= PARTIAL)

Missed

  • FY27 EBIT margin 12.25%-12.75% → delivered 12.4% (= MISS mid-point)
Source

Investor Presentation 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.

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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.