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Firstsource Solutions

NSE: FSLBSE: 532809
Compare with peers
₹ 308.60▲ 9.85 (+3.3%)28 Oct, 03:29 pm IST
Market cap
₹ 20,390 Cr.
P/E
25.7x
P/B
4.56x
52-week range
202 – 371.75
ROE
18%
ROCE
17%
Dividend yield
1.9%
Debt / equity
0.67
Sector
Commercial Services & Supplies
Industry
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Listed on
NSE, BSE

About

Firstsource Solutions Limited is an India-based company. The Company is engaged in providing information technology (IT) enabled business process management (BPM) services to banking and financial services, healthcare, communication media and technology and other diverse industries. The Company operates through four segments: Banking and Financial Services (BFS), Healthcare, Communication, Media, and Technology (CMT), and Diverse Industries. The BFS segment’s technology-driven solutions enable BFS and born-digital businesses to personalize customer experiences. Its platform-based services, digital patient access and Intelligent Automation offerings drive superior patient engagement, financial experience, and improved financial performance for hospitals. The CMT segment’s customer experience management and digitally enabled contact center solutions help CMT businesses. The Company also focuses on customer experience outsourcing for retail and ecommerce businesses.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO): 16 companies →

Firstsource Solutions against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)25.7 against a typical 25: pricier than most peers (1st = cheapest).9th of 16
  • Sales growth+22.9% against a typical +23% from a year earlier.8th of 14
  • Profit growth−1.8% against a typical +17.7% from a year earlier.10th of 14
  • Share price, 3 months+2.3% against a typical −1.8%.5th of 12
  • Size₹ 20,390.5 Cr. market value against a typical ₹ 56.9 Cr. (1st = largest).1st of 14

Latest announcements

Exchange filings and their impact on the company.

  • 20 Oct 2026Press ReleaseLow impactPositivePrice +3.1% on 21 Oct
    Firstsource named HFS Horizon 3 Market Leader for CX services, a brand positive with no immediate revenue.

    Firstsource was named a Horizon 3 Market Leader in HFS Research's HFS Horizons: Customer Experience Services, 2026 report, which assessed 33 providers. HFS cited its Kairos operating system, Agentic AI Studio and Intelligent Context Framework and 25 years of CX operations. The recognition is a marketing positive that may help future CX deal wins but carries no order value or near-term financial impact.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ by 2 agencies
A+
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE A+ / CARE A1+Stable16 Dec 2025
CRISILCrisil A+Positive9 Dec 2025
Credit rating actions
RatingDetails
16 Dec 2025
Reaffirmed
CARE A+ / CARE A1+—CARE₹ 401 Cr.
9 Dec 2025
Reaffirmed
Crisil A+—CRISIL₹ 430 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
29 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
6 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
6 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
3 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and Interim Dividend for the financial year ended 31st March 2026 and for fixation of the Record Date, for payment of the said Interim Dividend, if declared.
4 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
30 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
28 Apr 2025Financial ResultsTo consider and approve the financial results for the period ended March 31, 2025

Share price

1Y change −12.49%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5401,5971,6701,7911,9252,1022,1612,2182,3122,4432,5832,725
Expenses1,3111,3591,4201,5211,6381,7851,8291,8711,9362,0402,1532,274
Operating Profit229237250270287318333347376403430451
OPM %15%15%15%15%15%15%15%16%16%16%17%17%
Other Income171532−37271−97−2−66
Interest262527323439434343435252
Depreciation6566677379849197110111116115
Profit before tax154161159167171201202213224152261219
Tax %18%20%16%19%19%20%20%21%20%21%21%24%
Net Profit127129134135138160161169180120205166
EPS in Rs1.81.831.91.921.962.272.272.392.541.72.92.35

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
12%
5 Years
13%
3 Years
17%
TTM
20%
Compounded Profit Growth
10 Years
11%
5 Years
10%
3 Years
14%
TTM
28%
Stock Price CAGR
10 Years
20%
5 Years
7%
3 Years
21%
TTM
—
Return on Equity
10 Years
16%
5 Years
16%
3 Years
16%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
53.66%
0 pts in a year
FIIs
8.38%
−1.2 pts in a year
DIIs
25.41%
+1.46 pts in a year
Public
11.71%
−0.21 pts in a year
Others
0.85%
−0.04 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 25.7xEPS (12 months) ₹ 11.29Median P/E 11.9x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Firstsource Solutions₹ 308.60₹ 20,390 Cr.25.7x4.6x18%—
Eternal₹ 317.00₹ 3,05,916 Cr.734.9x8.5x1.2%0.7%
Wipro₹ 189.75₹ 1,87,946 Cr.13.6x2.1x16.1%14%
Info Edge (India)₹ 1,184.60₹ 76,812 Cr.44x2x4%53.7%
Tata Technologies₹ 656.85₹ 26,672 Cr.49.3x7.8x—9.4%
Netweb Technologies India₹ 4,343.00₹ 25,818 Cr.116.9x33.4x32.8%9.4%

Management

Dinesh Jain
President, Chief Financial Officer
Ritesh Mohan Idnani
Chief Executive Officer, Managing Director, Executive Director
Shamita Mukherjee
Chief Human Resources Officer
Jagriti Bhattacharya
Executive Vice President, General Counsel
Kumaran Shanmuhan
Executive Vice President, Chief Strategy Officer
Aniket Maindarkar
Chief Marketing Officer
Pooja Suresh Nambiar
Compliance Officer, Company Secretary
Ashish Chawla
Head - CX and Consulting

Prices are delayed and for information only. Nothing on this page is investment advice.