Firstsource Solutions Ltd
NSE:FSL

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Firstsource Solutions Ltd Logo
Firstsource Solutions Ltd
NSE:FSL
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Price: 347 INR -1% Market Closed
Market Cap: 239.8B INR

Firstsource Solutions Ltd
Investor Relations

In the bustling realm of global business process management, Firstsource Solutions Ltd. has carved a distinct niche for itself. Originating in India, but with its sights set on worldwide impact, the company is a dynamic force in providing outsourced business services. With its headquarters in Mumbai, the firm emerged as a significant player by providing bespoke solutions across various sectors including healthcare, telecommunications, banking, and financial services. At its core, Firstsource capitalizes on the power of technology and human expertise to deliver services such as customer management, data processing, collections, and transaction processing. These services enable its clients to streamline their operations and enhance customer experiences, allowing the clients to focus more acutely on their core business activities.

The financial mechanics of Firstsource Solutions pivot around delivering value-added services that significantly reduce operating costs for its clients while improving efficiency. By managing essential processes, Firstsource generates revenue through long-term contracts which often include transaction-based or fixed-fee arrangements. Their robust and diverse client base, stretching across the United States, United Kingdom, and India, contributes to a steady flow of income, enabling reinvestment into innovative technologies and process improvements. As industries accelerate their digital transformations, Firstsource stays ahead of the curve by integrating advanced analytics, automation, and AI into their service portfolio, continuously adapting to the ever-evolving digital landscape and ensuring sustainable growth.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 4, 2025
AI Summary
Q2 2026

Revenue Growth: Revenue grew by 20.1% year-on-year to INR 23.1 billion (USD 265 million), marking the sixth consecutive quarter of double-digit year-on-year growth.

Margin Expansion: EBIT margin for the quarter was 11.5%, up 20 bps sequentially and 70 bps year-on-year, achieving a fourth straight quarter of margin improvement.

Profitability: Net profit reached INR 1.8 billion, up 30% year-on-year, with diluted EPS at INR 2.54.

Deal Momentum: Signed 4 large deals in Q2 and added 10 new logos, with the deal pipeline surpassing $1 billion for the first time.

Guidance Maintained: Management reaffirmed constant currency revenue growth guidance of 13–15% and EBIT margin guidance of 11.25%–12% for FY '26.

AI & Tech Investments: Announced strategic investments in Applied AI and Lyzr.ai to advance the company’s UnBPO strategy and drive tech-led transformation.

Geographic & Client Diversification: North America showed strong growth, while Europe remains soft; the share of top 5 and top 10 clients continues to decline as Firstsource broadens its client base.

Headcount & Attrition: Headcount increased by 1,500 to 35,997, with trailing 12-month attrition declining to 28%.

Key Financials
Revenue
INR 23.1 billion
Revenue (USD)
$265 million
EBIT
INR 2.7 billion
EBIT Margin
11.5%
Net Profit (PAT)
INR 1.8 billion
Diluted EPS
INR 2.54
Headcount
35,997
Attrition (Trailing 12 Months)
28%
Operating Cash Flow to EBITDA (H1)
82%
Free Cash Flow to PAT (H1)
155%
Cash (including investments)
INR 2.9 billion
Net Debt
INR 10.8 billion
Deal Pipeline
$1 billion+
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ritesh Mohan Idnani
MD, CEO & Executive Director
No Bio Available
Mr. Sohit Brahmawar
President & Chief Operating Officer
No Bio Available
Mr. Dinesh Jain
Chief Financial Officer
No Bio Available
Mr. Bhavesh Lakhani
Chief Information Officer
No Bio Available
Mr. Manjunath Srivatsa
SVP & CAO - Administration, Infrastructure & Physical Security
No Bio Available
Ms. Pooja Suresh Nambiar
Company Secretary & Compliance Officer
No Bio Available
Madhavi Behl
VP of Corporate Communications
No Bio Available
Mr. Aniket Maindarkar
Chief Marketing Officer
No Bio Available
Mr. Aftab Javed
Chief Human Resource Officer
No Bio Available
Mr. Arjun Mitra
President of Collections & US CM
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
5th Floor, Paradigm B wing, Mindspace, link Road, Malad (West)
Contacts
+912266660888
www.firstsource.com