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Informist, Wednesday, Jul. 30, 2025

--Firstsource Apr-Jun consol net profit INR 1.69 bln

--Analysts saw Firstsource Apr-Jun consol net profit INR 1.71 bln

--Firstsource Apr-Jun consol PAT INR 1.69 bln vs INR 1.61 bln qtr ago

--Firstsource Apr-Jun consol revenue INR 22.18 bln vs INR 21.61 bln qtr ago

By Muskan Lodhi

MUMBAI – Firstsource Solutions Ltd. reported strong on-year growth of almost 25% in its top line for the June quarter on account of continued large deal momentum with four big wins and the addition of new clients. The company also reported robust growth in its consolidated net profit, despite its expenses rising over 24% on year driven almost equally in absolute terms by employee costs and other expenses.

Firstsource Solutions reported a consolidated net profit of INR 1.69 billion for the June quarter, only marginally lower than the INR 1.71 billion analysts had expected. The total revenue from operations was INR 22.18 billion, slightly higher than the INR 22.03 billion expected by analysts. Sequentially, the company's net profit rose 5.4% and revenue was up 2.5%.

The total expenses of the business process manager were INR 20.11 billion for the reporting quarter, up 2.5% on quarter and 23.7% on year. The rise in expenses was mainly led by a sharp increase in employee costs, which rose 17.2% on year to INR 13.21 billion. The total headcount was 34,495 at the end of June and the attrition rate fell to 29%. An 39% on-year increase in other expenses at INR 5.50 billion also raised overall costs sharply.

The business process manager scored four major deals and added 17 new clients in the reporting quarter, the highest in a single quarter over the past three years, the company said in a press release. "We've begun FY26 on a positive note, building on the momentum of a breakthrough FY25," the company's Chairman Sanjiv Goenka said. "The consistent cadence of large, high-quality deal wins quarter after quarter underscores our ability to deliver impact at scale – powered by AI, deep domain expertise, and agile operations."

The company added two new clients in the BSFI segment, seven in the communications, media and technology segment, and eight in the healthcare segment. All four large deals wins were from the healthcare segment.

The company revised its constant currency revenue growth guidance for 2025-26 (Apr-Mar) to 13-15%, up from the guidance of 12-15% it had provided earlier. It maintained its guidance of 11.25-12% for the earnings before interest and tax margin for FY26.

At 1429 IST, shares of Firstsource Solutions Ltd. traded marginally higher at INR 332.95 on the National Stock Exchange, after the company announced its earnings.  End

Edited by Avishek Dutta

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