Firstsource Solutions Limited announced its consolidated financial results for the quarter ended June 30, 2026 (Q1 FY2027). Revenue surged by 22.9% YoY to ₹27,249 million (US$288 million), marking the ninth consecutive quarter of double-digit YoY growth. The company reiterated its FY27 revenue growth guidance of 10%-13% in constant currency and anticipates an EBIT margin between 12.25% and 12.75%.
Firstsource Solutions Reports Robust Q1 FY27 Performance
Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company, has released its consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY2027), which ended on June 30, 2026. The company reported a significant 22.9% year-on-year revenue growth, reaching ₹27,249 million (approximately US$288 million). This marks the ninth consecutive quarter of double-digit YoY revenue expansion for Firstsource.
Key Financial Highlights for Q1 FY27
In addition to the strong revenue performance, other key financial highlights for the quarter include:
- EBIT increased by 34.8% YoY to ₹3,367 million, representing 12.4% of revenues.
- Adjusted PAT* stood at ₹2,222 million (8.2% of revenue).
- Reported PAT was ₹1,659 million.
- Diluted EPS was reported at ₹2.36.
* Adjusted for exceptional charges of ₹563 million, net of tax, recognized during the quarter.
FY27 Outlook and Guidance
The company has reiterated its financial guidance for the full fiscal year 2027 (FY27). Firstsource expects its revenue to grow in the range of 10% to 13% in constant currency terms. Furthermore, the company anticipates its FY27 EBIT margin to be in the band of 12.25% to 12.75%.
Key Business Developments
The quarter was marked by significant business wins and strategic initiatives:
- The company secured four large deals in Q1FY27, making it the sixth consecutive quarter with four or more substantial deal wins.
- Q1FY27 saw the addition of twelve new logos, including three strategic accounts.
- Notable deal wins included a transformative deal with a UK-based benefits and pensions provider, a large deal from a US academic medical center for insurance claims resolution, expansion of relationships with US public health systems and a US health insurance provider, and new engagements with a US manufacturing marketplace and a UK fiber broadband provider.
- Firstsource also won a significant deal from an international public transport and shared mobility operator for customer service operations across Europe.
- Across verticals, Banking and Financial Services added five new logos, Healthcare added four, and Communications, Media & Technology added two. Diversified Industries also saw steady demand and added one new logo.
Headcount and Attrition
The closing headcount at the end of Q1FY27 was 36,875. The voluntary attrition rate stood at 27.5%.
Source: BSE
