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Firstsource Solutions Limited strategy deck summary

NSE: FSL · BSE: 532809

Strategy deck of 29 Aug 2025, summarised by AI from the filing.

Firstsource Q1FY26 revenue ₹22,177 mn, up 23.8% YoY; guides FY26 constant currency revenue growth of 13-15%.

Key takeaways

  1. Q1FY26 revenue Revenue was ₹22,177 mn (US$259 mn), up 23.8% YoY and 19.2% in constant currency.
  2. FY26 guidance Management guides FY26 constant currency revenue growth of 13-15% and EBIT margin of 11.25-12.0%.
  3. Client additions 17 new logos and 9 strategic logos added in Q1FY26, highest quarterly addition in last three years.
  4. UnBPO strategy UnBPO strategy unlocks a ~7x larger addressable market, with AI-native services and relAI platform.
  5. Competition risk Intense competition in the BPS market could affect cost advantage and growth.

Original filing on BSE

Firstsource Solutions Limited Q1 FY27 results

As filed: Revenue ₹2,725 cr (+23% year on year), EBITDA ₹451 cr (+30% year on year), PAT ₹166 cr (+37% year on year), EBITDA margin 16.6% (+96 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,583 cr (+20% year on year), EBITDA ₹430 cr (+29% year on year), PAT ₹205 cr (+27% year on year), EBITDA margin 16.7% (+120 bps). Score 61 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 120 bps year on year. Profit rose ₹44.3 cr on a year ago, more than the ₹27.0 cr it added the year before. Share price after the results: +22.6% in 30 days (Nifty 500: −1.5%).
  • Q3 FY26: Revenue ₹2,443 cr (+16% year on year), EBITDA ₹403 cr (+27% year on year), PAT ₹120 cr (+31% year on year), EBITDA margin 16.5% (+140 bps). Score 62 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit before exceptional items growth was well above it. EBITDA margin rose 140 bps year on year. Profit before exceptional items rose ₹59.8 cr on a year ago, more than the ₹31.0 cr it added the year before. Share price after the results: −28.0% in 30 days (Nifty 500: −3.2%).
  • Q2 FY26: Revenue ₹2,312 cr (+20% year on year), EBITDA ₹376 cr (+31% year on year), PAT ₹180 cr (+30% year on year), EBITDA margin 16.3% (+135 bps). Score 67 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was above it; profit growth was well above it. EBITDA margin rose 135 bps year on year. Revenue rose ₹387 cr on a year ago, more than the ₹385 cr it added the year before. Share price after the results: −0.6% in 30 days (Nifty 500: +0.3%).
  • Q1 FY26: Revenue ₹2,218 cr (+24% year on year), EBITDA ₹346 cr (+28% year on year), PAT ₹169 cr (+25% year on year), EBITDA margin 15.6% (+52 bps). Score 78 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend; profit growth was well above it. EBITDA margin rose 52 bps year on year. Revenue rose ₹427 cr on a year ago, more than the ₹262 cr it added the year before. Share price after the results: +6.4% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹2,161 cr (+29% year on year), EBITDA ₹334 cr (+34% year on year), PAT ₹161 cr (+20% year on year), EBITDA margin 15.5% (+49 bps). Score 74 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 49 bps year on year. Share price after the results: +9.0% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹2,102 cr (+32% year on year), EBITDA ₹317 cr (+34% year on year), PAT ₹160 cr (+24% year on year), EBITDA margin 15.1% (+24 bps). Score 84 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 24 bps year on year.
  • Q2 FY25: Revenue ₹1,925 cr (+25% year on year), EBITDA ₹287 cr (+26% year on year), PAT ₹138 cr (+9% year on year), EBITDA margin 14.9% (+10 bps). Score 63 of 100, In line with trend. EBITDA margin rose 10 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Firstsource Solutions Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.