Firstsource Solutions has released its earnings presentation for Q2FY26. Key highlights include revenue of ₹23,122 Million (US$ 265 Million), representing YoY growth of 20.1%. The company reported an EBIT of ₹2,665 Million with a margin of 11.5%. The presentation also details key deal wins and provides an outlook for FY26 with projected revenue growth between 13-15%.
Financial Performance
Firstsource Solutions announced its financial results for Q2FY26:
- Revenue:₹23,122 Million (US$ 265 Million), a YoY growth of 20.1% (13.8% in constant currency).
- EBIT:₹2,665 Million, with a margin of 11.5%, reflecting a YoY growth of 28.1%.
- Profit After Tax:₹1,795 Million, achieving a margin of 7.8% and a YoY growth of 29.9%.
- Earnings Per Share:₹2.54.
The company’s H1FY26 performance also demonstrated strong growth:
- Revenue:₹45,299 Million (US$ 524 Million), showing a YoY increase of 21.9% (16.4% in constant currency).
- EBIT:₹5,163 Million, with a margin of 11.4%, reflecting a YoY growth of 27.4%.
- Profit After Tax:₹3,488 Million, resulting in a margin of 7.7% and YoY growth of 27.6%.
- Earnings Per Share:₹4.95.
Key Deal Wins in Q2FY26
Firstsource Solutions reported several significant deal wins during the quarter:
- Expanded footprint with a top retail bank in the UK.
- Won business from a Top 10 healthcare payer in North America.
- Secured a deal with a leading loan subservicing provider in the US.
- Gained additional business from a major communications and media company in the UK.
- Partnered with a leading proptech firm in the US.
- Selected by a leading health insurer in the US.
Employee Metrics
As of Q2FY26, Firstsource Solutions has a total headcount of 35,997 employees. The net headcount increased by 1,502 QoQ and 3,099 YoY. Employee attrition is at 28.0% (TTM), and 47.4% of employees are women.
Awards and Recognitions
Firstsource Solutions received several awards and recognitions, including being recognized as a Leader in Mortgage Business Process Transformation by Avasant and as a Major Contender and Star Performer in FCC Operations by Everest Group.
FY26 Guidance
Firstsource Solutions projects a constant currency revenue growth of 13-15% for FY26. The company anticipates an EBIT margin between 11.25-12.0%.
Source: BSE