| Management target | Revenue 11.5% FY27 |
|---|
| Revenue growth | 10% to 13% constant currency growth for FY27. |
|---|---|
| Margins | Seventh straight quarter of margin improvement; Q1 at 12.4%. |
| Order book | Four large deals signed in Q1; highest ACV intake in four quarters. |
| Demand visibility | Strong pipeline; 11th straight quarter of sequential revenue growth. |
| Management confidence | High; reaffirmed guidance despite a major contract termination. |
Growth
Revenue grew 22.9% YoY and 5.5% QoQ to INR 27.2B ($288M). EBIT margin improved 110bps YoY to 12.4%.
Outlook
Full-year FY27 guidance reaffirmed: 10-13% CC revenue growth and 12.25-12.75% EBIT margins. Pipeline remains robust with high ACV intake.
Risks
Healthcare BPaaS engagement wind-down due to client leadership change; INR 717M one-time exceptional charges for legal/termination matters.
Last quarter's promises, checked
Delivered
- EBIT Margin 11.5%-12.0% for FY26 → delivered 11.7% (= BEAT)
- Tax rate 19%-21% for FY26 → delivered 20.6% (= BEAT)
- Margin expansion 50-75 bps/year → delivered 100 bps YoY (= BEAT)
Partly delivered
- Healthcare Payer revenue growth → slowed by Medicare Advantage timing (= PARTIAL)
Missed
- UK Collections deal start Q4FY26 → delayed to Q1FY27 (= MISS)
Investor Presentation filed with BSE, 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 Earnings Call Transcript: Key Takeaways
Firstsource reported strong 22.9% YoY revenue growth but faced significant headwinds from the abrupt termination of a major healthcare BPaaS contract and one-time regulatory/legal charges.
- Call
- Guides 12% growth