Firstsource Solutions Ltd
Firstsource Solutions Ltd (FSL) last reported results for the quarter ended Jun 2026, with sales of ₹2,725 crore and net profit of ₹166 crore. The stock last traded at ₹258, a market capitalisation of ₹18,277 crore, on a P/E of 22.9. Over the past 52 weeks the stock has ranged between ₹201 and ₹372. Figures are as of 6 Oct 2026 and are not real time.
Firstsource Solutions Ltd share price and key metrics
- Current price
- ₹258
- Market cap
- ₹18,277 cr
- Stock P/E
- 22.9
- Book value
- ₹62
- ROE
- 17.6%
- ROCE
- 16.8%
- Dividend yield
- 2.13%
- 52w high / low
- 372/201
Metrics as of 6 Oct 2026. Not real time.
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Firstsource Solutions Ltd growth and returns
- 10 Years
- 12%
- 5 Years
- 13%
- 3 Years
- 17%
- TTM
- 20%
- 10 Years
- 11%
- 5 Years
- 10%
- 3 Years
- 14%
- TTM
- 28%
- 10 Years
- 20%
- 5 Years
- 4%
- 3 Years
- 16%
- 1 Year
- -22%
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 16%
- Last Year
- 18%
Firstsource Solutions Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹2,725 cr, up 22.9% from ₹2,218 cr a year earlier. Net profit was ₹166 cr, down 1.8% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,925 | 2,102 | 2,161 | 2,218 | 2,312 | 2,443 | 2,583 | 2,725 |
| Expenses | 1,638 | 1,785 | 1,829 | 1,871 | 1,936 | 2,040 | 2,153 | 2,274 |
| Operating profit | 287 | 318 | 333 | 347 | 376 | 403 | 430 | 451 |
| OPM % | 15% | 15% | 15% | 16% | 16% | 16% | 17% | 17% |
| Other income | -3 | 7 | 2 | 7 | 1 | -97 | -2 | -66 |
| Interest | 34 | 39 | 43 | 43 | 43 | 43 | 52 | 52 |
| Depreciation | 79 | 84 | 91 | 97 | 110 | 111 | 116 | 115 |
| Profit before tax | 171 | 201 | 202 | 213 | 224 | 152 | 261 | 219 |
| Tax % | 19% | 20% | 20% | 21% | 20% | 21% | 21% | 24% |
| Net profit | 138 | 160 | 161 | 169 | 180 | 120 | 205 | 166 |
| EPS (₹) | 1.96 | 2.27 | 2.27 | 2.39 | 2.54 | 1.70 | 2.90 | 2.35 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Firstsource Solutions Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,556 | 3,535 | 3,826 | 4,099 | 5,078 | 5,921 | 6,022 | 6,336 | 7,980 | 9,556 | 10,064 |
| Operating profit | 447 | 471 | 552 | 654 | 839 | 982 | 858 | 1,008 | 1,244 | 1,605 | 1,660 |
| OPM % | 13% | 13% | 14% | 16% | 17% | 17% | 14% | 16% | 16% | 17% | 16% |
| Net profit | 279 | 327 | 378 | 340 | 362 | 537 | 514 | 515 | 594 | 674 | 671 |
| EPS (₹) | 4.11 | 4.76 | 5.47 | 4.90 | 5.20 | 7.69 | 7.33 | 7.31 | 8.41 | 9.54 | 9.49 |
TTM is the trailing twelve months to the most recent quarter.
Firstsource Solutions Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 681 | 687 | 691 | 694 | 696 | 697 | 697 | 697 | 697 | 697 |
| Reserves | 1,347 | 1,665 | 2,030 | 2,072 | 2,103 | 2,336 | 2,670 | 3,003 | 3,401 | 3,688 |
| Borrowings | 965 | 667 | 557 | 1,356 | 1,194 | 1,784 | 1,393 | 1,526 | 2,569 | 2,922 |
| Other liabilities | 316 | 352 | 352 | 393 | 789 | 796 | 785 | 702 | 1,091 | 1,825 |
| Total liabilities | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 9,131 |
| Fixed assets | 2,068 | 2,080 | 2,223 | 2,871 | 2,998 | 3,744 | 3,716 | 3,853 | 4,994 | 5,567 |
| CWIP | 4 | 2 | 2 | 0 | 0 | 3 | 3 | 17 | 49 | 30 |
| Investments | 163 | 34 | 134 | 12 | 94 | 130 | 71 | 42 | 73 | 116 |
| Other assets | 1,074 | 1,255 | 1,271 | 1,630 | 1,691 | 1,736 | 1,754 | 2,017 | 2,642 | 3,419 |
| Total assets | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 9,131 |
As reported by the company. Total assets equal total liabilities by construction.
Firstsource Solutions Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 200 | 315 | 400 | 410 | 976 | 704 | 795 | 644 | 701 | 1,214 |
| Cash from investing | -233 | 96 | -203 | 10 | -344 | -594 | 17 | -57 | -744 | -443 |
| Cash from financing | 4 | -327 | -273 | -277 | -689 | -158 | -743 | -563 | 23 | -667 |
| Net cash flow | -30 | 84 | -76 | 143 | -58 | -49 | 69 | 23 | -21 | 104 |
| Free cash flow | 123 | 258 | 292 | 297 | 806 | 631 | 744 | 559 | 477 | 1,082 |
| CFO / operating profit | 57% | 83% | 84% | 71% | 125% | 81% | 100% | 71% | 66% | 87% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Firstsource Solutions Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 14% | 13% | 15% | 13% | 16% | 17% | 15% | 16% | 15% | 17% |
| Debtor days | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 | 79 |
| Cash conversion cycle | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 | 79 |
| Working capital days | -33 | -35 | -20 | -37 | -28 | -20 | -22 | -19 | -20 | -40 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Firstsource Solutions Ltd shareholding pattern
Promoters held 53.66% at Jun 2026, broadly unchanged since Jun 2025. FIIs 8.38% and DIIs 25.41%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% | 53.66% |
| FIIs | 11.63% | 11.01% | 10.07% | 9.58% | 9.25% | 9.20% | 8.85% | 8.38% |
| DIIs | 18.60% | 20.89% | 22.90% | 23.95% | 24.63% | 25.19% | 25.49% | 25.41% |
| Public | 15.00% | 13.36% | 12.26% | 11.92% | 11.59% | 11.11% | 11.05% | 11.71% |
| No. of shareholders | 2,82,859 | 2,80,639 | 2,66,868 | 2,54,253 | 2,40,982 | 2,30,472 | 2,29,935 | 2,42,813 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Firstsource Solutions Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th September 2026, is as enclosedCompany Updatelow impact
- Clarification on Volume Movement Issued by Firstsource Solutions LtdCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions has released a clarification regarding recent volume movements in…
Read the full analysis - Intimation of Closure of Trading Window for Q2FY27, is as enclosedInsider Trading / SASTlow impact
- Firstsource Solutions Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has submitted a press release under Regulation 30 of the SEBI…
Read the full analysis - Firstsource Solutions Ltd announces routine allotment of equity shares under ESOPCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has completed an allotment of equity shares pursuant to the…
Read the full analysis - Firstsource Solutions Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has submitted a press release as part of its mandatory…
Read the full analysis - Firstsource Solutions Ltd discloses ESG rating from Niche Ninety Nine Capability and CertificationsCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has submitted an intimation regarding its ESG rating provided…
Read the full analysis - Firstsource Solutions clarifies recent stock price and volume movementCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions has issued a clarification regarding the recent movement in its…
Read the full analysis - Firstsource Solutions Ltd announces allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has announced the allotment of equity shares pursuant to the…
Read the full analysis - Firstsource Solutions Ltd announces routine allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has completed an allotment of equity shares pursuant to the…
Read the full analysis - Firstsource Solutions schedules investor and analyst meetings for August 26, 2026Company Updatelow impact
Cruxal's analysis: Firstsource Solutions has announced a schedule for investor and analyst sessions to be…
Read the full analysis - Firstsource Solutions Ltd announces routine allotment of equity shares under ESOPCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has completed an allotment of equity shares pursuant to the…
Read the full analysis - Firstsource Solutions Ltd announces allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has completed an allotment of equity shares pursuant to the…
Read the full analysis - Firstsource Solutions Q1 FY27 Earnings: Revenue Grows 22.9% YoY to INR 2,720 crore; Full-Year Guidance Reaffirmed Despite Exceptional ChargesCompany Updatehigh impact
Cruxal's analysis: Firstsource Solutions reported Q1 FY27 revenue of INR 2,720 crore, reflecting 22.9%…
Read the full analysis - Firstsource Solutions Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has submitted a press release under Regulation 30 of the SEBI…
Read the full analysis - Firstsource Solutions Ltd publishes newspaper notice for June 2026 quarter resultsCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has completed the statutory requirement under Regulation 30 of…
Read the full analysis - Firstsource Solutions Limited concludes 25th Annual General Meeting with all resolutions passedAGM/EGMlow impact
Cruxal's analysis: Firstsource Solutions Limited has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Firstsource Solutions Ltd releases audio recording of Q1FY27 investor/analyst conference callCompany Updatelow impact
Cruxal's analysis: Firstsource Solutions Ltd has made the audio recording of its Q1FY27 investor and analyst…
Read the full analysis - Firstsource Solutions Ltd concludes 25th Annual General Meeting; confirms interim dividend of INR 5.50 per shareAGM/EGMlow impact
Cruxal's analysis: Firstsource Solutions Ltd has successfully concluded its 25th Annual General Meeting…
Read the full analysis - Firstsource Solutions Q1FY27 Results: Revenue Grows 22.9% YoY to 2,725 crore, EBIT Margin Expands to 12.4%Company Updatehigh impact
Cruxal's analysis: Firstsource Solutions reported a strong Q1FY27 performance with revenue of 2,725 crore…
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