Flash Finance

Firstsource Solutions LimitedFSLCorporate

Technology Information Technology Services Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹281.80
MCap ₹19,459 Cr · P/E 29.0
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹2,725 Cr
Sales · Jun 2026
+22.9% YoY
₹451 Cr
Operating Profit · Jun 2026
+30.1% YoY
16.6%
OPM % · Jun 2026
+6.4% YoY
₹166 Cr
Net Profit · Jun 2026
-1.8% YoY
₹2.40
EPS · Jun 2026
+0.4% YoY

📝 Firstsource Solutions Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Firstsource Solutions Limited reported revenue of ₹2,725 crore for the quarter ended June 2026 (Q1 FY27), up 22.9% from ₹2,218 crore in the same quarter last year, and up 5.5% sequentially over the March 2026 quarter.

Net profit fell 1.8% year-on-year to ₹166 crore, from ₹169 crore. Earnings per share (EPS) came in at ₹2.40.

Operating profit stood at ₹451 crore — an operating margin (OPM) of 16.6%, compared with 15.6% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Firstsource Solutions Limited posted revenue of ₹9,559 crore, a growth of 20.0% over FY25, with a net profit of ₹674 crore (up 13.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹10,066 crore with a net profit of ₹671 crore.

Valuation snapshot

At the current price of ₹281.80, FSL has a market capitalisation of ₹19,459 crore and a trailing P/E of about 29.0.

Within the Information Technology Services industry, it is the 17th-largest of the 19 companies we track by market value.

Shareholding pattern

As of Sep 2026, public shareholders 11.34%, promoters held 53.66%, foreign institutional investors (FIIs) 7.44%, domestic institutional investors (DIIs) 26.84% of Firstsource Solutions Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹19,459 Cr
Current Price ?
₹281.8
P/E ?
29.01above ind
Industry P/E ?
25.00
P/B ?
4.44
P/S ?
1.93
P/FCF ?
17.98
Enterprise Value ?
₹22,381 Cr
EV/EBITDA ?
13.46
PEG ?
2.07
Earnings Yield ?
5.4%
Dividend Yield ?
1.97%
Profitability & Returns
Sales (TTM) ?
₹10,066 Cr
OPM ?
16.5%
Profit after tax (TTM) ?
₹671 Cr
EPS (TTM) ?
₹9.71
ROCE ?
16.0%
ROE ?
15.3%
ROA ?
7.2%
Growth
Sales — latest qtr ?
₹2,725 Cr
PAT — latest qtr ?
₹166 Cr
YoY qtr sales growth ?
22.9%
YoY qtr profit growth ?
-1.8%
Sales growth (3y) ?
17%
Sales growth (5y) ?
13%
Profit growth (3y) ?
14%
Profit growth (5y) ?
10%
Financial Health
Debt ?
₹2,922 Cr
Debt to Equity ?
0.67
Interest Coverage ?
6.2
Current Ratio ?
N/A
Ownership
Promoter holding ?
53.66%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
5.8%
Return 6 months ?
17.8%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 1,5051,5571,5271,5401,5971,6701,7911,9252,0882,1612,2182,3152,4432,5832,725 +22.9% +5.5%
Operating Profit 210244181229237250270287303333347379403430451 +30.1% +5.0%
Other Income 62132171532-31227-44-26 -12.7% +405.5%
Interest 202125262527323439434343435252 +20.4% -0.5%
Depreciation 6964616566677379849197110111116115 +18.2% -1.2%
Profit Before Tax 184172155154161159167171201202213224152261219 +3.0% -16.0%
Net Profit 158141126127129134135138160161169180120205166 -1.8% -19.1%
EPS 2.322.071.791.851.881.941.972.012.332.272.392.601.742.902.40 +0.4% -17.2%
OPM % 13.9% 15.7% 11.8% 14.9% 14.9% 15.0% 15.1% 14.9% 14.5% 15.4% 15.6% 16.4% 16.5% 16.6% 16.6% +6.4% +0.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹7,965 Cr ₹9,559 Cr ₹10,066 Cr +20.0%
Operating Profit ₹1,193 Cr ₹1,558 Cr ₹1,662 Cr +30.6%
OPM % 14.98% 16.30% 16.52% +8.8%
NPM % 7.47% 7.05% 6.66% -5.6%
Other Income ₹14 Cr ₹5 Cr ₹4 Cr -64.2%
Depreciation ₹327 Cr ₹434 Cr ₹451 Cr +32.5%
Interest ₹148 Cr ₹181 Cr ₹190 Cr +22.1%
EBIT ₹866 Cr ₹1,124 Cr ₹1,211 Cr +29.9%
PBT ₹741 Cr ₹850 Cr ₹856 Cr +14.7%
Tax ₹105 Cr ₹76 Cr ₹130 Cr -27.6%
Net Profit ₹595 Cr ₹674 Cr ₹671 Cr +13.3%
EPS ₹8.58 ₹9.63 ₹9.64 +12.2%
Material Cost — — — —
Employee Cost ₹3,644 Cr ₹2,793 Cr ₹4,325 Cr -23.4%
Extraordinary Items ₹-9 Cr ₹-98 Cr ₹-170 Cr -1015.2%

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 697697697697 +0.0%
Reserves 2,6703,0033,4013,688 +8.4%
Borrowings 1,3931,5262,5692,922 +13.7%
Other Liabilities 7857021,0912,014 +84.6%
Total Liabilities 5,5455,9297,7589,320 +20.1%
Fixed Assets 3,7163,8534,9945,567 +11.5%
CWIP 3174930 -38.8%
Investments 714273116 +58.9%
Other Assets 1,7542,0172,6423,607 +36.5%
Total Assets 5,5455,9297,7589,320 +20.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 7956447011,214 +73.2%
Cash from Investing Activity 17-57-744-452 +39.2%
Cash from Financing Activity -743-56323-667 -3000.0%
Net Cash Flow 6923-2195 +552.4%
Free Cash Flow 7445594771,082 +126.8%
CFO/OP 100%71%66%90% +36.4%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 63677779 +2.6%
Cash Conversion Cycle 63677779 +2.6%
Working Capital Days -22-19-20-38 -90.0%
ROCE % 15%16%15%16% +6.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Public 11.92%11.59%11.11%11.05%11.34% +2.6%
Promoters 53.66%53.66%53.66%53.66%53.66% +0.0%
FIIs 9.58%9.25%9.20%8.85%7.44% -15.9%
DIIs 23.95%24.63%25.19%25.49%26.84% +5.3%
Others 0.89%0.88%0.83%0.95%— —
No. of Shareholders 2,54,2532,40,9822,30,4722,29,9352,35,538 +2.4%

⚖️ Peer comparison

Industry: Information Technology Services · 19 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 TCS Tata Consultancy ₹2,303.00 833,246 16.1 283,248 51,858 26.4% 18.3% 4.6% 1.3% 11.2% 14.9%
2 INFY Infosys ₹1,037.70 420,281 14.5 178,650 29,448 21.1% 16.5% 9.6% 10.2% 13.4% 21.0%
3 HCLTECH HCL Technologies ₹1,206.10 326,343 17.8 138,052 18,330 20.6% 13.3% 11.2% -4.3% 11.5% 21.2%
4 WIPRO Wipro ₹166.89 165,105 13.0 97,023 13,223 19.3% 13.6% 4.0% 0.4% 9.1% -1.9%
5 TECHM Tech Mahindra ₹1,614.00 142,984 26.5 61,361 5,571 17.2% 9.1% 7.2% 13.0% 15.6% 34.0%
6 LTM LTM ₹4,275.00 126,737 26.2 43,594 4,844 17.7% 11.1% 11.0% 11.0% 13.1% -2.5%
7 PERSISTENT Persistent Systems ₹5,516.00 86,177 44.9 15,718 1,923 18.3% 12.2% 23.5% 33.2% 29.1% 13.7%
8 COFORGE Coforge ₹1,846.50 81,796 40.2 18,196 1,920 18.7% 10.6% 34.2% 86.6% 49.8% 49.4%
9 MPHASIS Mphasis ₹2,295.00 43,793 22.9 16,532 1,911 18.6% 11.6% 11.6% 9.5% 17.5% 10.7%
10 LTTS L&T Technology ₹3,350.00 35,539 26.9 11,701 1,322 17.7% 11.3% 9.0% 1.4% 2.6% 13.0%
11 TATATECH Tata Technologies ₹765.60 31,087 55.2 6,301 563 15.6% 8.9% 6.5% -19.3% 28.4% 3.6%
12 REDINGTON Redington ₹394.20 30,818 19.0 128,133 1,505 2.0% 1.2% 20.0% -29.5% 34.6% 94.6%
13 HEXT Hexaware Technologies ₹497.00 30,307 22.5 14,420 1,344 15.0% 9.3% — — 17.9% -13.0%
14 ESDS ESDS Software ₹1,672.50 19,604 — — — — — — — 6.9% 12.6%
15 CAMS Computer Age ₹725.20 18,007 — — — — — — — 12.1% 17.6%
16 ECLERX eClerx Services ₹1,899.90 17,484 24.4 4,334 729 25.3% 16.8% 22.3% 30.6% 23.2% 15.7%
17 FSL Firstsource Solutions ₹248.75 17,177 25.8 10,066 671 16.5% 6.7% 20.0% 13.3% 22.9% -1.8%
18 ZENSARTECH Zensar Technologies ₹434.15 9,846 12.7 5,810 777 16.0% 13.4% 7.7% 19.2% 8.9% 1.0%
19 XTRANET Xtranet Technologies ₹331.24 1,732 — — — — — — — 10.5% 78.1%
❓ Frequently asked questions
What was Firstsource Solutions Limited's revenue in Q1 FY27?
Firstsource Solutions Limited reported revenue of ₹2,725 crore for the quarter ended June 2026 (Q1 FY27), up 22.9% from ₹2,218 crore in the same quarter last year, and up 5.5% sequentially over the March 2026 quarter.
What was Firstsource Solutions Limited's net profit in Q1 FY27?
Net profit fell 1.8% year-on-year to ₹166 crore, from ₹169 crore. Earnings per share (EPS) came in at ₹2.40.
What is FSL's market capitalisation and P/E ratio?
At the current price of ₹281.80, FSL has a market capitalisation of ₹19,459 crore and a trailing P/E of about 29.0.
Who owns Firstsource Solutions Limited? (shareholding pattern)
As of Sep 2026, public shareholders 11.34%, promoters held 53.66%, foreign institutional investors (FIIs) 7.44%, domestic institutional investors (DIIs) 26.84% of Firstsource Solutions Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI