Firstsource Solutions (FSL) reported strong Q3 FY2026 results with revenue up 16.2% YoY. The board declared an interim dividend of ₹5.5 per share. Due to strong performance, FSL raised its FY26 constant currency revenue growth guidance to 14.5%-15.5% and expects EBIT margin of 11.5%-12%. FSL signed five large deals in Q3FY26 and added nine new logos.
Financial Performance Highlights
Firstsource Solutions (FSL) announced its Q3 FY2026 results, showcasing strong financial performance:
- Revenues reached ₹24,431 million (US$ 274 million), a 16.2% YoY increase.
- EBIT stood at ₹2,915 million, representing 11.9% of revenues, a 24.9% YoY increase.
- PAT adjusted for exceptional items was ₹2,022 million, or 8.3% of revenue.
- Adjusted Diluted Earnings Per Share (EPS) reached ₹2.87.
Nine Months Ended Performance
The company’s performance for the nine months ended December 31, 2025 also demonstrated robust growth:
- Revenues totaled ₹69,729 million (US$ 798 million), a 19.8% YoY increase.
- EBIT reached ₹8,078 million, comprising 11.6% of revenues, a 26.5% YoY increase.
- PAT adjusted for exceptional items reached ₹5,510 million, or 7.9% of revenue.
- Adjusted EPS was reported at ₹7.81.
Revised FY26 Outlook
Based on the strong results, Firstsource Solutions has revised its FY26 outlook:
- The company now expects revenue to grow in the range of 14.5% to 15.5% in constant currency terms, which includes a 1.5% incremental contribution from recent acquisitions.
- The company anticipates an EBIT margin in the 11.5% to 12% band.
Key Business Achievements
Firstsource Solutions achieved several key milestones during Q3 FY26:
- Signed five large deals, marking the fourth consecutive quarter with four or more large deals.
- Added nine new logos, including five strategic logos, expanding the client base across various sectors.
New Client Wins
Notable new deals secured in Q3 included:
- A leading on-demand manufacturing marketplace selected Firstsource to provide account servicing and customer experience services.
- Expanded relationship with a major communications and media company in the UK.
- Selected as a global operations outsourcing partner by a leading UK-based MVNO.
- Partnered with a leading global online fashion retailer for customer experience services.
- Awarded a large onshore customer experience engagement by a leading health insurer in Australia.
Declaration
The financial results for the quarter and nine months ended December 31, 2025 have been approved and are with unmodified opinion.
Source: BSE
