Firstsource Solutions financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹2,826cr+22.2% on Q2 FY26
Net profit
₹232cr+29.5% on Q2 FY26
EBITDA margin
16.7%+0.4 pts on Q2 FY26
EPS
₹3.37+29.6% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue2,8262,312+22.2%
EBITDA471376+25.1%
EBITDA margin16.7%16.3%+0.4 pts
Profit before tax299224+33.4%
Net profit232180+29.5%
EPS₹3.37₹2.60+29.6%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹2,826 crNet profit₹232 crNet margin8.2%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
21,464————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
409309216205211
0.00.40.40.40.4
1,9371,9371,533812827
22,992————
10,5779,5567,9806,3366,022
—+19.7%+25.9%+5.2%—
1,7551,5561,208956827
16.6%16.3%15.1%15.1%13.7%
1,2951,122881696563
724674594515514
6.8%7.1%7.5%8.1%8.5%
₹10.39₹9.68₹8.53₹7.39₹7.37
—+13.5%+15.5%+0.2%—
—1,214701645795
—−196−241−85.1−53.6
1,0181,018460560741
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

FSL₹307.95

Firstsource Solutions Ltd.

· Consumer Services
₹ CrorePeersECLERXGESHIPFIRSTCRYDEVYANIBLSMEESHOREDINGTONPWLMcap ₹21,464 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————21,463.8
- Cash, Equiv & ST Investments211.1204.8215.8308.7409.0
+ Minority Interest0.40.40.40.40.0
+ Total Debt827.0812.31,532.71,937.51,937.5
Enterprise Value————22,992.3
Revenue6,022.36,336.27,980.39,556.410,577.0
Growth %, YoY—+5.2+25.9+19.7—
EBITDA826.5956.41,207.61,556.21,754.9
Margin %13.7215.0915.1316.2816.59
EBIT563.3696.2880.61,122.11,294.6
Net Income513.7514.7594.5674.4723.9
Margin %8.538.127.457.066.84
EPS, Adj (current shares)7.377.398.539.6810.39
Growth %, YoY—+0.2+15.5+13.5—
Cash from Operations795.0644.8701.11,214.0—
Capital Expenditures-53.6-85.1-241.2-195.7—
Free Cash Flow741.4559.7459.91,018.31,018.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Firstsource Solutions financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Firstsource Solutions (NSE: FSL) had a market capitalisation of ₹21,359 crore at the 29 October 2026 close (₹306.45 a share), a PE ratio of 29.5 on the last four quarters' profit and a price-to-book ratio of 4.38. In FY26 its consolidated net profit was ₹674 crore on revenue of ₹9,556 crore; in Q2 FY27 (July–September 2026) it was ₹233 crore, up 29.7% year on year. Its debt-to-equity ratio was 0.40 on 30 September 2026. Promoters held 53.66% of the shares on 30 September 2026.

Share price used
₹306.45 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Firstsource Solutions at a glance · consolidated

Market cap
₹21,359 Crat ₹306.45 · 29 Oct close
PE ratio (last 4 quarters)
29.531.7 on FY26 profit
Price to book (PB)
4.38book value ₹69.98 a share
ROE (FY26)
15.9%+0.7 pts vs FY25ROCE 19.8%
Debt to equity
0.40net debt ₹1,525 Cr
Promoter holding
53.66%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.79%₹5.50 a share in 12 months
Net worth
₹4,878 Cr+11.7% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹1,018 Cr+121.4% vs FY25

Questions

What is the Firstsource Solutions PE ratio today?

Firstsource Solutions' PE ratio is 29.5 at the 29 October 2026 close (₹306.45 a share): a market capitalisation of ₹21,359 crore divided by consolidated net profit of ₹724 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹674 crore) it is 31.7. These four quarters include net exceptional items of −₹172 crore (one-off charges reported separately), so the ratio on recurring profit would differ.

What is the Firstsource Solutions PB ratio (price to book value)?

Firstsource Solutions' price-to-book (PB) ratio is 4.38 at the 29 October 2026 close: a market capitalisation of ₹21,359 crore divided by shareholders' equity (book value) of ₹4,878 crore on 30 September 2026. That is a book value of ₹69.98 per share against a share price of ₹306.45.

What is the Firstsource Solutions ROE and ROCE?

In FY26, Firstsource Solutions' return on equity (ROE) was 15.9% and its return on capital employed (ROCE) was 19.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 15.3% and ROCE 17.7%.

What is the Firstsource Solutions market cap?

Firstsource Solutions' market capitalisation was ₹21,359 crore at the 29 October 2026 close: 69.7 crore shares at ₹306.45 each.

What is the Firstsource Solutions EPS?

Firstsource Solutions' basic earnings per share (EPS) were ₹9.77 in FY26, against ₹8.63 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹10.48.

What is the Firstsource Solutions dividend in 2026 and its record date?

In 2026, Firstsource Solutions has declared one dividend: ₹5.50 (interim) with record date 20 February 2026.

Is Firstsource Solutions debt free?

No. Firstsource Solutions had borrowings of ₹1,941 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.40. Its cash and current investments were ₹416 crore, so its net debt was ₹1,525 crore.

What is the Firstsource Solutions debt to equity ratio?

Firstsource Solutions' debt-to-equity ratio was 0.40 on 30 September 2026: borrowings of ₹1,941 crore against total equity of ₹4,878 crore. A year earlier, on 30 September 2025, it was 0.32.

What is the Firstsource Solutions promoter holding?

Promoters held 53.66% of Firstsource Solutions on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Firstsource Solutions net worth?

Firstsource Solutions' net worth — shareholders' equity in its consolidated balance sheet — was ₹4,878 crore on 30 September 2026, up 11.7% from ₹4,366 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹21,359 crore at the 29 October 2026 close.

What is the Firstsource Solutions book value per share?

Firstsource Solutions' book value per share was ₹69.98 on 30 September 2026: shareholders' equity of ₹4,878 crore divided by the 69.7 crore shares in issue, up 11.7% from ₹62.64 a year earlier. The share price at the 29 October 2026 close was ₹306.45.

What is the Firstsource Solutions dividend yield?

Firstsource Solutions' dividend yield is 1.79% at the 29 October 2026 close: dividends of ₹5.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹306.45. They were ₹5.50 on 20 February 2026 (interim).

What is the Firstsource Solutions shareholding pattern?

On 30 September 2026, Firstsource Solutions' shares were held by promoters 53.66%, foreign portfolio investors (FII/FPI) 7.44%, domestic institutions (DII) 26.84% (including mutual funds at 19.24%) and retail and other non-institutional investors 11.34%. Over the year, FII holding was down 1.81 percentage points from 9.25% and DII holding was up 2.22 percentage points from 24.62%.

What is the Firstsource Solutions free cash flow?

In FY26, Firstsource Solutions generated ₹1,214 crore of cash from operations and spent ₹196 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,018 crore. In FY25 it was ₹460 crore.

What are the Firstsource Solutions latest quarterly results?

Firstsource Solutions' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹233 crore, up 29.7% from ₹180 crore in Q2 FY26; revenue from operations ₹2,826 crore, up 22.2% year on year.

What is the Firstsource Solutions revenue and profit in FY26?

In FY26 (April 2025–March 2026), Firstsource Solutions' consolidated net profit was ₹674 crore, up 13.5% from ₹594 crore in FY25, on revenue from operations of ₹9,556 crore (up 19.7%). Over three years, from FY23, net profit was up 31.3%.

When are the Firstsource Solutions next results?

Firstsource Solutions has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Firstsource Solutions compare with its peers?

On FY26 consolidated figures, against eClerx Services, Great Eastern Shipping and Brainbees Solutions: Firstsource Solutions' operating margin of 11.7% is the third highest of the four (eClerx Services 21.3%, Great Eastern Shipping 41.8%, Brainbees Solutions −1.7%; peer average 20.5%); its return on equity of 15.9% is the third highest of the four (eClerx Services 29.0%, Great Eastern Shipping 18.9%, Brainbees Solutions −2.9%; peer average 15.0%).

Firstsource Solutions vs eClerx Services: how do they compare?

In FY26, Firstsource Solutions earned net profit of ₹674 crore on revenue of ₹9,556 crore, against ₹706 crore on ₹4,117 crore for eClerx Services. Firstsource Solutions' operating margin was 11.7% (eClerx Services 21.3%) and its return on equity 15.9% (eClerx Services 29.0%). At the 29 October 2026 close, Firstsource Solutions' market capitalisation was ₹21,359 crore against ₹15,237 crore for eClerx Services, and its PE ratio on FY26 profit 31.7 against 21.6.

Where do these Firstsource Solutions figures come from?

From Firstsource Solutions' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.