Firstsource Solutions Ltd.

BSE: FSL532809ISIN INE684F01012

Services
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
BSE 500

BSE listing

Share price

₹273.70+0.65 (+0.24%)

as of 18 Sep 2026

52W high: ₹379.70
52W low: ₹200.60
Off 52W high: -27.92%
1M return: +0.20%
3M return: +11.87%
6M return: +26.16%
1Y return: -26.85%
20D avg volume: 1,34,568
50 DMA: ₹273.39
200 DMA: ₹269.54

Key ratios Consolidated

Market cap: ₹19,077 Cr
Current price: ₹273.70
52W high / low: ₹379.70 / ₹200.60
Face value: ₹10.00
P/E: 28.43
P/B: —
EPS (TTM): ₹9.63
Book value / share: —
ROE: —
ROCE: 17.70%
Operating margin: —
Net margin: —
Debt / equity: 0.44
Net debt: ₹1,679 Cr
Interest cover: 5.68
Dividend yield: 2.01%
Dividend / share (TTM): ₹5.50
Payout: 57.11%
Cash conversion cycle: 58.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,725	2,583	2,443	2,312	2,218	2,161	2,102	1,925	1,791	1,670	1,597	1,540
	6.11	-1.71	3.62	-1.29	6.83	2.12	2.10	2.73	1.84	2.81	15.36	16.94
	2,440	2,321	2,195	2,088	2,011	1,962	1,908	1,752	1,626	1,514	1,451	1,403
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	1,532	1,477	1,431	1,362	1,321	1,352	1,307	1,210	1,127	1,056	989.32	940.00
	51.75	52.02	43.25	42.76	43.44	42.62	39.32	34.33	31.60	26.52	25.42	26.07
	114.64	116.09	111.20	109.56	97.25	90.60	84.40	79.19	72.85	67.33	66.27	65.37
	742.00	676.39	609.25	574.42	549.86	477.14	—	—	—	—	—	77.35
	291.03	260.60	251.82	222.42	213.23	201.71	191.84	171.03	167.26	159.29	160.79	154.30
	-71.69	0.00	-100.14	1.91	0.00	0.00	8.81	0.00	0.00	0.00	0.00	0.00
	219.34	260.60	151.68	224.33	213.23	201.71	200.65	171.03	167.26	159.29	160.79	154.30
	53.42	55.36	31.35	44.82	43.90	41.03	40.35	32.82	32.01	25.79	32.06	27.79
	165.92	205.25	120.33	179.51	169.32	160.69	160.31	138.21	135.25	133.50	128.73	126.51
	2.40	2.97	1.74	2.60	2.45	2.33	2.33	2.01	1.97	1.94	1.88	1.85
Key metrics
	385.73	428.71	306.13	376.65	353.92	334.93	324.37	284.55	271.71	253.14	252.48	245.74
	14.20%	16.60%	12.50%	16.30%	16.00%	15.50%	15.40%	14.80%	15.20%	15.20%	15.80%	16.00%
	6.10%	7.90%	4.90%	7.80%	7.60%	7.40%	7.60%	7.20%	7.60%	8.00%	8.10%	8.20%
	—	5.40%	—	4.60%	—	4.40%	—	—	—	—	—	—
	22.90%	19.50%	16.20%	20.10%	23.80%	29.40%	31.70%	25.00%	—	—	—	—
	-2.00%	27.70%	-24.90%	29.90%	25.20%	20.40%	24.50%	9.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	10,064	9,556	7,980	6,336	6,022	5,921	5,078	4,099	3,826	3,535
	6.73	7.45	-0.87	36.84	130.85	0.56	1.27	8.84	3.89	5.43
	9,044	8,616	7,248	5,743	5,538	5,275	4,532	3,713	3,394	3,183
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	5,801	5,590	4,996	3,909	3,867	3,947	3,467	2,774	2,557	2,395
	189.78	181.47	147.88	103.39	78.97	63.94	52.23	58.32	29.00	40.40
	451.49	434.09	327.04	260.22	263.17	249.37	206.35	185.20	74.44	—
	2,602	2,410	1,777	—	191.61	189.09	806.55	696.19	733.55	680.87
	1,026	948.08	731.84	629.67	615.22	647.10	546.89	394.21	435.92	358.01
	-169.92	-98.23	8.81	0.00	0.00	0.00	-115.06	0.00	0.00	0.00
	855.95	849.84	740.65	629.67	615.22	647.10	431.83	394.21	435.92	358.01
	184.95	175.43	146.20	114.95	101.50	110.57	70.16	54.53	58.14	31.43
	671.01	674.41	594.45	514.73	513.71	536.53	361.68	339.69	377.78	326.58
	9.71	9.77	8.63	7.52	7.55	7.90	5.31	4.90	5.48	—
Key metrics
	1,497	1,465	1,216	993.28	957.36	960.41	690.41	637.73	539.36	398.41
	14.88%	15.30%	15.20%	15.70%	15.90%	16.20%	13.60%	15.60%	14.10%	11.30%
	6.67%	7.10%	7.40%	8.10%	8.50%	9.10%	7.10%	8.30%	9.90%	9.20%
	—	17.70%	16.20%	—	—	—	—	—	—	—
	—	19.70%	25.90%	5.20%	1.70%	16.60%	23.90%	7.10%	8.20%	—
	—	13.50%	15.50%	0.20%	-4.30%	48.30%	6.50%	-10.10%	15.70%	—
	—	1,018	459.91	—	—	—	—	—	—	—
	—	1.80	1.18	—	—	—	—	—	—	—
	—	0.44	0.37	—	—	—	—	—	—	—
	—	1,679	1,378	—	—	—	—	—	—	—
	—	58.1	58.9	—	—	—	—	—	—	—
Balance sheet
	—	9,320	7,922	—	—	—	—	—	—	—
	—	2,762	2,224	—	—	—	—	—	—	—
	—	258.58	154.21	—	—	—	—	—	—	—
	—	2,079	1,686	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	340.73	288.83	—	—	—	—	—	—	—
	—	310.35	276.29	—	—	—	—	—	—	—
	—	557.93	397.67	—	—	—	—	—	—	—
	—	3,479	2,429	—	—	—	—	—	—	—
	—	1,937	1,533	—	—	—	—	—	—	—
	—	1,748	1,191	—	—	—	—	—	—	—
	—	189.67	341.90	—	—	—	—	—	—	—
	—	4,385	4,098	—	—	—	—	—	—	—
Cash flow
	—	1,214	701.10	—	—	—	—	—	—	—
	—	-452.36	-745.90	—	—	—	—	—	—	—
	—	-666.78	22.59	—	—	—	—	—	—	—
	—	195.72	241.19	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	879.09	773.64	752.02	675.03	682.15	627.68	623.95	542.03	512.90	465.76	434.92	364.28
	14.96	8.64	10.95	10.01	12.05	10.65	10.89	8.36	10.38	9.03	10.08	9.31
	627.50	594.66	594.07	567.25	527.81	512.84	511.92	438.09	405.24	363.87	335.56	288.83
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	397.67	391.61	379.56	364.36	343.69	343.15	329.06	300.47	272.92	244.12	217.82	189.53
	16.73	16.87	16.85	14.84	14.27	13.15	11.42	9.98	8.37	5.37	4.95	3.99
	54.54	53.91	53.47	54.23	43.78	39.51	34.17	26.27	25.79	26.25	24.01	21.83
	158.56	132.28	144.18	133.82	126.08	117.02	—	—	—	—	—	10.35
	266.55	187.62	168.90	117.78	166.40	125.49	122.92	112.30	118.04	110.92	109.44	84.76
	0.00	0.00	-97.47	0.00	0.00	0.00	55.14	—	—	—	—	—
	266.55	187.62	71.43	117.78	166.40	125.49	178.06	112.30	118.04	110.92	109.44	84.76
	59.76	47.59	12.63	19.74	31.18	33.14	30.08	20.44	23.19	17.74	19.89	12.66
	206.79	140.03	58.81	98.05	135.22	92.35	147.98	91.86	94.85	93.18	89.55	72.09
	2.99	2.03	0.85	1.42	1.96	1.34	2.15	1.34	1.38	1.36	1.31	1.06
Key metrics
	337.82	258.40	141.75	186.85	224.45	178.15	223.65	148.55	152.20	142.54	138.40	110.58
	38.40%	33.40%	18.80%	27.70%	32.90%	28.40%	35.80%	27.40%	29.70%	30.60%	31.80%	30.40%
	23.50%	18.10%	7.80%	14.50%	19.80%	14.70%	23.70%	16.90%	18.50%	20.00%	20.60%	19.80%
	—	6.50%	—	4.10%	—	4.50%	—	—	—	—	—	—
	28.90%	23.30%	20.50%	24.50%	33.00%	34.80%	43.50%	48.80%	—	—	—	—
	52.90%	51.60%	-60.30%	6.70%	42.60%	-0.90%	65.20%	27.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,080	2,883	2,307	1,601	1,376	1,592	1,325	939.91	768.11	861.27
	44.56	41.65	40.27	36.58	33.74	30.75	28.21	30.80	61.92	12.71
	2,383	2,284	1,868	1,258	1,098	1,169	927.63	758.72	607.16	654.72
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	1,533	1,479	1,246	821.15	712.13	800.04	630.62	480.86	383.33	415.30
	65.29	62.82	42.92	17.34	14.94	20.07	15.30	15.68	1.54	6.23
	216.15	205.39	125.75	92.04	88.84	88.20	79.80	70.58	24.32	21.53
	568.84	536.36	453.83	—	23.51	35.89	201.91	191.60	197.96	211.66
	740.85	640.70	478.75	379.90	311.06	453.36	425.33	211.99	222.87	219.26
	-97.47	-97.47	55.14	—	—	—	—	—	—	—
	643.38	543.23	533.90	379.90	311.06	453.36	425.33	211.99	222.87	219.26
	139.72	111.13	106.85	60.20	62.71	65.77	58.67	29.98	23.85	27.34
	503.68	432.10	427.04	319.70	248.34	387.59	366.65	182.01	199.02	191.92
	7.29	6.26	6.20	4.67	3.65	5.70	5.38	2.63	2.89	—
Key metrics
	924.82	811.44	702.57	489.28	414.84	561.63	520.43	298.25	248.73	247.02
	30.03%	28.10%	30.50%	30.60%	30.20%	35.30%	39.30%	31.70%	32.40%	28.70%
	16.35%	15.00%	18.50%	20.00%	18.10%	24.30%	27.70%	19.40%	25.90%	22.30%
	—	19.40%	18.80%	—	—	—	—	—	—	—
	—	25.00%	44.10%	16.40%	-13.60%	20.20%	40.90%	22.40%	-10.80%	—
	—	1.20%	33.60%	28.70%	-35.90%	5.70%	101.40%	-8.50%	3.70%	—
	—	514.62	352.50	—	—	—	—	—	—	—
	—	1.46	1.18	—	—	—	—	—	—	—
	—	0.14	0.10	—	—	—	—	—	—	—
	—	278.42	226.48	—	—	—	—	—	—	—
	—	137.7	123.7	—	—	—	—	—	—	—
Balance sheet
	—	4,292	3,800	—	—	—	—	—	—	—
	—	1,376	1,066	—	—	—	—	—	—	—
	—	34.23	19.36	—	—	—	—	—	—	—
	—	1,199	894.57	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	114.17	100.25	—	—	—	—	—	—	—
	—	148.52	143.60	—	—	—	—	—	—	—
	—	111.28	113.38	—	—	—	—	—	—	—
	—	1,169	728.67	—	—	—	—	—	—	—
	—	312.65	245.84	—	—	—	—	—	—	—
	—	312.65	245.84	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	2,295	2,576	—	—	—	—	—	—	—
Cash flow
	—	633.02	503.63	—	—	—	—	—	—	—
	—	-33.56	-342.41	—	—	—	—	—	—	—
	—	-584.87	-183.22	—	—	—	—	—	—	—
	—	118.40	151.13	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +27.97%
Sales CAGR 5Y: +16.83%
Sales CAGR 10Y: —
Profit CAGR 3Y: +20.28%
Profit CAGR 5Y: +3.34%
Profit CAGR 10Y: —
Sales YoY (TTM): +24.39%
Profit YoY (TTM): +7.76%

Consolidated

Sales CAGR 3Y: +16.64%
Sales CAGR 5Y: +13.48%
Sales CAGR 10Y: —
Profit CAGR 3Y: +9.50%
Profit CAGR 5Y: +13.27%
Profit CAGR 10Y: —
Sales YoY (TTM): +19.71%
Profit YoY (TTM): +6.76%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 53.66%

Holder	Type	Holding	Previous	Change
RPSG VENTURES LIMITED	Promoter	53.66%	—	—
HDFC SMALL CAP FUND	Public	8.74%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	4.01%	—	—
SBI TECHNOLOGY OPPORTUNITIES FUND	Public	2.03%	—	—
ICICI BANK LTD	Public	1.73%	—	—
TATA DIGITAL INDIA FUND	Public	1.43%	—	—
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND	Public	1.22%	—	—
ABU DHABI INVESTMENT AUTHORITY	Public	1.11%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation of ESG Rating by Niche Ninety Nine Capability and Certifications (OPC) Private Limited, is as enclosed18 Sep 2026 · Company Update / General
Regulation 30 - Clarification is attached for the Movement in Volume/Price16 Sep 2026 · Company Update / General
The Exchange has sought clarification from Firstsource Solutions Ltd on September 16, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.16 Sep 2026 · Company Update / Clarification
Allotment of ESOP, is as enclosed9 Sep 2026 · Company Update / Allotment of ESOP / ESPS
The Intimation of Investor/Analyst meet scheduled to be held on Friday, September 11, 2026, Monday, September 21, 2026 and Wednesday, September 23, 2026, is as enclosed.4 Sep 2026 · Company Update / Analyst / Investor Meet
Allotment of ESOP, is as enclosed28 Aug 2026 · Company Update / Allotment of ESOP / ESPS
The Intimation of Investor/Analyst sessions scheduled to be held on Wednesday, August 26, 2026, is as enclosed.20 Aug 2026 · Company Update / Analyst / Investor Meet
Allotment of ESOP, is as enclosed19 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Allotment of ESOP is as enclosed12 Aug 2026 · Company Update / Allotment of ESOP / ESPS
The transcript of the investor/analyst call held on Thursday, August 06, 2026, is as enclosed11 Aug 2026 · Company Update / Earnings Call Transcript
Press Release is as enclosed11 Aug 2026 · Company Update / Press Release / Media Release
Newspaper Publication for Quarter ended 30th June 2026, is as enclosed10 Aug 2026 · Company Update / Newspaper Publication
Voting Result in respect of 25th Annual General Meeting ("AGM") held on August 6, 2026, is as enclosed.7 Aug 2026 · Company Update / General
Scrutinizer''s Report in respect of 25th Annual General Meeting ("AGM"") held on August 6, 2026, is as enclosed7 Aug 2026 · AGM/EGM / AGM
Audio recording of Q1FY27 investor/analyst conference call held on Thursday, 6th August 2026 is as enclosed.6 Aug 2026 · Company Update / Analyst / Investor Meet
Proceeding of 25th Annual General Meeting held on August 06, 2026 is as enclosed6 Aug 2026 · AGM/EGM / AGM
Q1FY27 Investor Presentation for the Quarter ended June 30, 2026 is as enclosed.6 Aug 2026 · Company Update / Investor Presentation
Q1FY27 Earnings Presentation for the Quarter ended June 30, 2026 is as enclosed6 Aug 2026 · Company Update / Investor Presentation
The outcome of Board Meeting held on August 06, 2026 is as enclosed.6 Aug 2026 · Board Meeting / Outcome of Board Meeting
The Audited Financial Statements for the Quarter Ended June 30, 2026 is as enclosed6 Aug 2026 · Result / Financial Results
Grant of Stock Option, is as enclosed5 Aug 2026 · Company Update / Allotment of ESOP / ESPS
The Intimation of Investor/Analyst sessions scheduled to be held on Friday, August 07, 2026, is as enclosed.31 Jul 2026 · Company Update / Analyst / Investor Meet
Schedule of Conference call with the Institutional Investors and Analysts for Q1FY27 on Thursday, August 06 2026, is as enclosed21 Jul 2026 · Company Update / Analyst / Investor Meet
Firstsource Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve the Audited Standalone ....20 Jul 2026 · Board Meeting / Board Meeting
Newspaper Publication is as attached15 Jul 2026 · Company Update / Newspaper Publication
The Business Responsibility and Sustainability Report (BRSR) of the Company for FY 2025-26 is as enclosed.14 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report of the Company for FY 2025-26 is as enclosed.14 Jul 2026 · Others / Reg. 34 (1) Annual Report
The Notice of 25th Annual General Meeting (AGM) of the Company for FY 2025-26 is as enclosed.14 Jul 2026 · AGM/EGM / AGM
Newspaper Publication11 Jul 2026 · Company Update / Newspaper Publication
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th June 2026, is as enclosed2 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Enclosed29 Jun 2026 · Company Update / General
Intimation of Closure of Trading Window for Q1FY27, is as enclosed25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Intimation of Investor/Analyst sessions scheduled to be held on Tuesday, June 30, 2026, is as enclosed.24 Jun 2026 · Company Update / Analyst / Investor Meet
The Intimation of Investor/Analyst sessions scheduled to be held on Wednesday, June 24, 2026, is as enclosed.18 Jun 2026 · Company Update / Analyst / Investor Meet
Notice given to shareholders regarding transfer of equity shares to the Investor Education and Protection Fund ("IEPF"), is as enclosed17 Jun 2026 · Company Update / Newspaper Publication
Allotment of ESOP dated June 17, 2026, is as enclosed17 Jun 2026 · Company Update / Allotment of ESOP / ESPS
The Intimation of Investor/Analyst sessions scheduled to be held on Friday, June 26, 2026, is as enclosed.15 Jun 2026 · Company Update / Analyst / Investor Meet
Special Window for Transfer and Dematerialisation of Physical Securities is as enclosed.12 Jun 2026 · Company Update / Newspaper Publication
Allotment of ESOP dated June 10, 2026, is as enclosed.10 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Allotment of ESOP3 Jun 2026 · Company Update / Allotment of ESOP / ESPS

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 5.5000	20 Feb 2026	20 Feb 2026	—
Interim Dividend - Rs. - 4.0000	21 Feb 2025	21 Feb 2025	—

Board meetings

6 Aug 2026 Board Meeting - Financial Results