ALFA Finder| 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
- ₹295.25
- Market cap
- ₹20,592 Cr
- Revenue (annual)
- ₹9,556 Cr
- Net profit (annual)
- ₹674.4 Cr
- P/E (TTM)
- 28.4×Sector 23.6×
- Promoter holding
- 53.66%+0.00% QoQ
- FII holding
- 7.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Call
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- Key figure
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