FSL
Firstsource Solutions Ltd
NSE BSELast Traded Price
₹296.7
3.65 (1.25%)
Open
₹295.4
High
₹299.8
Low
₹292
Prev Close
₹293.05
Industry
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
Market Cap
20784.27 Cr
Filing History
Recent corporate announcements and filings for 532809
Business Update
Positive
2026-11-05 16:40
Firstsource Solutions has been named a Leader in three ISG Provider Lens 2026 quadrants across Generative AI and Agentic AI Services.
- The company achieved Leader status in Generative AI Strategy and Consulting Services, Development and Deployment Services for the second consecutive year.
- It also secured a first-time Leader position in Agentic AI Development and Deployment Services.
Routine
Neutral
2026-11-04 16:03
- Firstsource Solutions Limited has allotted 78,079 equity shares on November 4, 2026.
- Shares were allotted pursuant to the exercise of stock options under the ESOS 2003 and ESOP 2019 plans.
- Allotment was approved by the Trustees of Firstsource Employee Benefit Trust.
Business Update
Positive
2026-10-31 11:59
Firstsource Solutions Q2 FY27 Earnings Conference Call Summary
Performance & Guidance:
- Raised lower end of FY27 revenue guidance to 10.5% - 13% in constant currency (from 10% - 13% earlier) while reaffirming EBIT margin guidance of 12.25% - 12.75%.
- Q2 FY27 revenue grew 22.2% YoY and 3.7% QoQ to INR 28.3 billion; constant currency growth was 12.3% YoY.
- EBIT margin expanded by 100 bps YoY and 10 bps QoQ to 12.5% (8th straight quarter of sequential margin expansion).
- Net profit came in at INR 2.3 billion, up 29.7% YoY on a normalized basis.
Business & Operational Highlights:
- Signed 4 large deals (ACV > US$5 million) in Q2, marking the 7th consecutive quarter of 4+ large deal wins.
- Added 17 new logos during the quarter, including 6 strategic logos.
- Total headcount reached 39,937, with a net increase of 3,062 employees driven by client transitions and offshore delivery ramp-ups.
- Raised medium-term EBIT margin target to 14% - 15% over the next 2-3 years, focusing on productized services, automation, and right-shoring.
Business Update
Neutral
2026-10-29 20:05
- Firstsource Solutions submitted the audio recording link for its earnings conference call held on October 29, 2026.
- The call covered Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.
Governance
Neutral
2026-10-29 16:40
- Firstsource Solutions Limited has approved the grant of 587,750 stock options to eligible employees of the company and its subsidiaries.
- The grant was approved by the Nomination and Remuneration Committee on October 29, 2026.
- Options are granted under the 'Firstsource Solutions Limited Employee Stock Option Plan 2019'.
Business Update
Neutral
2026-10-29 16:35
- Q2FY27 Revenue reported at ₹28,256 Mn, up 22.2% YoY (12.3% YoY in CC).
- EBIT stood at ₹3,521 Mn with 12.5% margin, up 32.1% YoY (+100 bps).
- PAT grew 29.7% YoY to ₹2,328 Mn, with diluted EPS of ₹3.31.
Business Update
Positive
2026-10-29 16:30
- Firstsource Solutions released its Investor Presentation for Q2 FY27.
- Earnings conference call scheduled for 29th October 2026 at 5:30 PM IST.
- Reported 12th consecutive quarter of QoQ revenue growth ($296M) and 8th quarter of margin expansion (EBIT margin 12.5%).
- Expanded large deal wins and strategic client additions.
Routine
Neutral
2026-10-29 16:26
New Filing detected. See link for details.
Business Update
Neutral
2026-10-26 19:17
- Firstsource Solutions Limited has informed the Exchange about the schedule of Analyst/Institutional Investor Meetings with KMP.
- Meetings are scheduled between November 2, 2026, and November 6, 2026, with various funds including SBI Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Baroda BNP Paribas Mutual Fund, Canara Robeco Mutual Fund, and Dalton Investments.
- The company confirmed that only publicly available information will be shared during these sessions.
Business Update
Positive
2026-10-22 17:31
- Firstsource Solutions released its FY2025-26 ESG Report detailing performance against sustainability commitments.
- Achieved SBTi validation for near-term and Net Zero targets, aiming for Net Zero by 2050.
- Reported key metrics including 30.55% reduction in Scope 2 emissions and 48.54% women in workforce.
- Ranked first globally in the Professional Services sector in the S&P Global Corporate Sustainability Assessment.
Business Update
Positive
2026-10-20 18:52
- Firstsource Solutions has been recognized as a Horizon 3 Market Leader in HFS Research's HFS Horizons: Customer Experience Services, 2026 report.
- The recognition highlights the company's AI-native capabilities, including its Kairos operating system, Agentic AI Studio, and Intelligent Context Framework.
- The assessment evaluated 33 service providers focusing on ecosystem synergy and new value creation in customer experience services.
Business Update
Neutral
2026-10-19 19:10
Concall Schedule
Concall Date: Thursday, October 29, 2026
Concall Time: 5:30 p.m. IST
Business Update
Positive
2026-10-16 18:29
- NSE Sustainability Ratings and Analytics Limited assigned an independent ESG rating of 75.00 to Firstsource Solutions Limited on 16th October 2026.
- The company clarified that it did not engage the agency for this rating, which was prepared using publicly available information.
Routine
Neutral
2026-10-01 11:56
- Firstsource Solutions clarified that it is not aware of any material information or event explaining the recent significant increase in trading volume of its securities.
- The company stated that the volume surge is purely market-driven and beyond its control.
- All required disclosures have been duly made to the stock exchanges as per regulations.
Routine
Neutral
2026-09-28 17:21
- Trading window closed from September 28, 2026 (after business hours).
- Closure will remain in effect until 48 hours post declaration of Q2 FY2026-27 financial results.
Business Update
Positive
2026-09-25 16:10
- Firstsource Solutions has been named among India's Best Workplaces for Women 2026 by Great Place to Work for the second consecutive year.
- Women constitute 48.54% of the company's workforce, which is significantly higher than the industry average.
- The company also received honors as one of India's Best Companies to Work For 2026 and Best Workplaces in BFSI 2026.
Routine
Neutral
2026-09-24 16:35
- Firstsource Solutions Limited has informed about the allotment of 30,451 equity shares on 24th September 2026.
- Shares were allotted pursuant to the exercise of stock options under the ESOS 2003 and ESOP 2019 plans.
Routine
Neutral
2026-09-22 16:51
New Filing detected. See link for details.
Business Update
Positive
2026-09-18 17:47
- Firstsource Solutions Limited received an ESG rating of 75.00 from Niche Ninety Nine Capability and Certifications (OPC) Private Limited.
- The company clarified that it did not engage Niche for this independently prepared rating, which was based on public domain information.
Ownership
Neutral
2026-09-09 16:21
- Allotment of 67,968 equity shares on September 9, 2026.
- Shares allotted under Firstsource Solutions Employee Stock Option Scheme - 2003 and Employee Stock Option Plan 2019.
Business Update
Neutral
2026-09-04 17:37
- Firstsource Solutions Ltd. announced a schedule of analyst/institutional investor meetings from September 11 to September 23, 2026.
- Meetings include Axis Capital, Franklin Templeton, Emkay Global, and JP Morgan.
- No unpublished price-sensitive information will be shared.
Ownership
Neutral
2026-08-28 18:01
- Firstsource Solutions allotted 269,883 equity shares on August 28, 2026, pursuant to the exercise of stock options granted under its ESOP 2019 Plan and ESOS 2003.
Business Update
Neutral
2026-08-20 19:14
- Schedule of Analyst / Institutional Investor Meeting
- Date: August 26, 2026
- Analyst: PL Capital
- Type: One-on-One
- Mode: Physical
Ownership
Neutral
2026-08-19 18:44
- Firstsource Solutions Limited allotted 127,883 equity shares on August 19, 2026.
- This allotment was made under the Firstsource Solutions Employee Stock Option Scheme - 2003 and Employee Stock Option Plan 2019, following the exercise of stock options.
Ownership
Neutral
2026-08-12 17:29
- Allotted 353,905 equity shares on August 12, 2026, under ESOS 2003 and ESOP 2019 Plan.
- Shares were issued upon exercise of stock options.
Business Update
Positive
2026-08-11 18:29
CRITICAL RED FLAG DETECTED
- FY27 constant currency revenue growth guidance reaffirmed at 10-13% and EBIT margin guidance at 12.25-12.75%. The company aims for 14-15% EBIT margin over the next 2-3 years.
- Q1 FY27 revenue grew by 22.9% YoY to INR 27.2 billion, with adjusted net profit up 31.2% YoY to INR 2.2 billion.
- EBIT margin expanded by 110 basis points YoY to 12.4%, marking the seventh consecutive quarter of margin improvement.
- Signed four large deals in Q1 FY27, making it the sixth consecutive quarter with four or more large deals, and achieved the highest ACV intake in four quarters. Added 12 new logos.
- Recognized a non-recurring exceptional charge of INR 717 million (net of tax INR 563 million) related to a healthcare program termination and indemnification for a regulatory penalty, with recovery efforts underway.
Business Update
Positive
2026-08-11 15:51
- Firstsource Solutions Limited announced a strategic partnership with Cresta on August 11, 2026. This partnership aims to accelerate AI-Powered Customer Experience Transformation through an integrated AI technology solution. Firstsource has established a dedicated AI Center of Excellence to operationalize this initiative, targeting enterprises in the US, UK, Australia, and the Middle East.
Financials
Neutral
2026-08-06 18:48
- Firstsource Solutions Limited has provided the audio recording link for its earnings conference call.
- The call discussed the audited financial results for the quarter ended June 30, 2026.
- The results were approved by the Board on August 6, 2026.
Business Update
Neutral
2026-08-06 13:01
- Concall Schedule
- Concall Date: 6th August 2026
- Concall Time: 04.00 PM IST
Financials
Positive
2026-08-06 12:59
- Consolidated Revenue ₹2,724.9 Cr vs ₹2,217.2 Cr (▲22.9% YoY)
- EBITDA ₹336.7 Cr vs ₹249.8 Cr (▲34.8% YoY)
- PAT ₹222.2 Cr vs ₹169.4 Cr (▲31.2% YoY)
- EBITDA Margin 12.4% vs 11.3% (▲110bps)
Financials
Negative
2026-08-06 12:53
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹2,751.75 Cr vs ₹2,220.93 Cr (▲23.9% YoY)
- EBITDA ₹379.62 Cr vs ₹347.09 Cr (▲9.4% YoY)
- PAT ₹165.92 Cr vs ₹169.33 Cr (▼2.0% YoY)
- EBITDA Margin 13.8% vs 15.6% (▼180bps)
- Q1 FY27 PAT was impacted by exceptional items of ₹71.69 Cr, which include a non-recoverable amount following contract termination and a regulatory penalty for non-fulfillment of contractual obligations.
- The company reiterates FY27 revenue growth guidance of 10-13% (constant currency) and FY27 EBIT margin guidance of 12.25-12.75%.
Business Update
Positive
2026-08-05 16:59
- Firstsource Solutions Limited's Nomination and Remuneration Committee approved the grant of 550,000 stock options to eligible employees on August 5, 2026, under the Employee Stock Option Plan 2019.
Business Update
Neutral
2026-07-31 17:47
- Analyst/Institutional Investor Meeting Schedule
- Meeting Date: August 07, 2026
- Event: Non-Deal Roadshow (NDR)
- Type: One-on-One and Group
- Mode: Physical
Business Update
Neutral
2026-07-21 17:48
- Concall Schedule
- Concall Date: Thursday, August 06, 2026
- Concall Time: 4:00 p.m. IST
- The call is to discuss the financial performance for the quarter ended June 30, 2026.
Routine
Neutral
2026-07-14 20:34
New Filing detected. See link for details.
Routine
Neutral
2026-07-14 20:09
New Filing detected. See link for details.
Ownership
Negative
2026-06-29 19:26
- Firstsource Solutions reported inadvertent trading by Mr. Dinesh Jain (President & CFO) on June 29, 2026.
- The violation involved trading company shares during a window closure period and executing contra trades (sold 7,211 shares at ₹242, bought 7,211 shares at ₹238.68).
- The company deemed it unintentional, not material, and took action including a cautionary notice and a 6-month trading prohibition for the Designated Person.
Routine
Neutral
2026-06-25 16:08
- Trading window for Firstsource Solutions Limited closed from June 25, 2026, until 48 hours post the Board Meeting for Q1 FY2026-27 financial results. The date of the Board Meeting will be intimated in due course. This is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Business Update
Neutral
2026-06-24 18:52
- Schedule of Analyst / Institutional Investor Meeting
- Concall Date: June 30, 2026
- Concall Details: One-on-One virtual meeting with Carnelian Asset Management & Advisors.
Business Update
Neutral
2026-06-18 18:28
- Concall Schedule
- Concall Date: June 24, 2026
- Investor: Millennium Management LLC
- Type: One-on-One
- Mode: Virtual
Ownership
Neutral
2026-06-17 17:00
- Allotment of 177,233 equity shares on June 17, 2026.
- Shares allotted under Firstsource Solutions Employee Stock Option Scheme - 2003 and ESOP 2019 Plan, following the exercise of stock options.
Business Update
Neutral
2026-06-15 16:01
- Concall Schedule
- Concall Date: June 26, 2026
- Meeting Type: One-on-One with ICICI Prudential Life Insurance
- Mode: Virtual
Ownership
Neutral
2026-06-10 16:12
- Allotment of 9,042 equity shares under Firstsource Solutions Employee Stock Option Scheme - 2003 (ESOS 2003) and Employee Stock Option Plan 2019 (ESOP 2019 Plan).
- Shares allotted on June 10, 2026, pursuant to the exercise of stock options.
Routine
Neutral
2026-06-03 17:38
- Allotment of 20,562 equity shares on June 3, 2026, under Firstsource Solutions Employee Stock Option Scheme - 2003 and ESOP 2019 Plan.
Business Update
Neutral
2026-06-02 17:06
- Schedule of Analyst/Institutional Investor Meetings
- June 9, 2026: One-on-One meeting with Bowhead India Fund (Virtual)
- June 11, 2026: Group meeting (Fireside chat) with CLSA GenAI Access Days (Virtual)
Business Update
Positive
2026-06-01 18:36
- Firstsource Solutions Limited announced real-world results from its strategic partnership with AppliedAI, made in November 2025.
- The partnership achieved over 95% reduction in processing times and up to 10x increase in throughput.
- Specific outcomes include up to 93% reduction in processing time for healthcare provider data management and 5-10x increase in throughput for education admissions workflow.
Ownership
Neutral
2026-05-20 17:04
Firstsource Solutions Limited allotted 11,283 equity shares on May 20, 2026, to employees who exercised stock options granted under the Firstsource Solutions Employee Stock Option Scheme - 2003 and Firstsource Solutions Limited Employee Stock Option Plan 2019.
Ownership
Positive
2026-05-13 18:16
Firstsource Solutions Limited allotted 458,379 equity shares on May 13, 2026. These shares were issued under the company's Employee Stock Option Scheme - 2003 and Employee Stock Option Plan 2019, following the exercise of stock options granted to employees. The allotment was approved by the Trustees of Firstsource Employee Benefit Trust.
Business Update
Positive
2026-05-12 16:02
Management guided for FY27 constant currency revenue growth of 10-13%, with an inorganic contribution of 2-2.5%. EBIT margin is projected to be in the range of 12.25-12.75% for FY27, aiming for 14-15% in the long term. The effective tax rate is expected to be 20-22%. The net debt stood at INR16.3 billion as of March 2026, with expectations for it to reduce. The deal pipeline is at its highest-ever level, exceeding $1 billion. Future growth is anticipated to be driven by AI-led transformation, new strategic client wins, and strong performance across key verticals, with an even spread across the year.
Business Update
Neutral
2026-05-08 19:12
Firstsource Solutions Limited announced a schedule of analyst/institutional investor meetings on May 13, 2026. The company will hold one-on-one physical meetings in Mumbai with Motilal Oswal AMC and SBI Mutual Fund. The filing clarifies that only information already in the public domain will be reiterated, and no unpublished price-sensitive information will be shared during these sessions.