| EBITDA Margin: guided vs achieved | 12.40% achieved Guided 12.25%–12.75% |
|---|---|
| Management target | Revenue 11.5% FY27 |
| Revenue growth | 22.9% YoY revenue growth; 5.5% QoQ growth in INR terms. |
|---|---|
| Margins | Improving; expanded 110 bps YoY to 12.4% EBITDA margin. |
| Order book | Highest ACV intake in four quarters; signed four large deals. |
| Demand visibility | Strong pipeline in Banking/Financial Services and AI-led healthcare solutions. |
| Management confidence | Balanced; defensive on exceptional charges, optimistic on AI-led pipeline conversion. |
Growth
Revenue grew 22.9% YoY and 5.5% QoQ; EBITDA margins expanded 110 bps YoY to 12.4%.
Outlook
Management reaffirmed FY27 guidance of 10-13% constant currency revenue growth and 12.25-12.75% EBITDA margins.
Risks
One-time charges of ₹717M for contract termination and regulatory penalties; reliance on large-deal ramp-ups for guidance.
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)
- Margin expansion 50-75 bps/year → delivered 74 bps (= BEAT)
Partly delivered
- Medicare Advantage program rollouts → suspended/delayed by payers (= PARTIAL)
Missed
- UK collections deal ramp-up early Q4 → delayed to Q1 FY27 (= MISS)
Earnings Call Transcript filed with NSE, NSE: FSL. Summary written with AI assistance from 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
All →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.
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.
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.
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
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.
Firstsource Solutions Investor Presentation: Key Takeaways
Firstsource reported Q1FY27 revenue of INR 27.2B, up 22.9% YoY. Strategy focuses on 'Intelligence That Operates' via AI-led transformation (Kairos) and expanding footprint in UK and US healthcare/utilities.
- Call
- Guides 12% growth