Firstsource Solutions cash flow

Latest FY26

Cash from operations: ₹1,214cr+73.2% on FY25
Capital spending: ₹196cr−18.9% on FY25
Free cash flow: ₹1,018cr+121.4% on FY25
Cash from financing: −₹667cr₹22.6 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	434	327	260	263
	—	181	148	103	79.0
	—	−4.1	−2.7	−1.0	−1.0
	—	0.0	0.0	−33.5	−129
	—	63.4	71.6	3.1	22.8
	—	85.6	32.5	−3.1	−5.1
	—	98.2	0.4	−34.1	−61.3
	—	−4.3	0.0	0.0	0.0
	—	−344	−421	−155	−96.5
	—	−186	−123	−127	70.8
	—	222	49.8	40.9	102
	—	7.6	0.0	32.3	0.0
Cash from operating activities
	931	850	741	630	615
	—	554	82.3	86.9	245
	—	1,404	823	717	861
	—	190	122	71.8	65.6
	—	1,214	701	645	795
Cash from investing activities
	—	196	241	85.1	53.6
	—	63.3	17.6	0.1	2.2
	—	3,269	2,646	1,688	1,456
	—	3,262	2,630	1,723	1,519
	—	316	510	0.0	0.0
	—	4.1	2.7	1.0	1.0
	—	−1.2	0.9	−9.7	3.0
	—	−452	−746	−58.0	16.4
Cash from financing activities
	—	0.0	0.0	5.9	0.0
	—	50.0	36.2	0.0	14.0
	—	0.0	22.5	0.0	0.0
	—	0.0	0.0	58.3	27.6
	—	202	858	132	5.0
	—	0.0	179	161	240
	—	260	164	141	149
	—	179	158	101	78.7
	—	380	276	241	238
	—	−667	22.6	−564	−743
	—	94.8	−22.2	22.6	68.0
	—	9.5	1.6	0.6	0.7
	—	104	−20.6	23.2	68.7
	—	259	154	175	152
Reference items
	1,755	1,556	1,208	956	827
	16.6%	16.3%	15.1%	15.1%	13.7%
	1,018	1,018	460	560	741
	—	1,244	1,022	444	—
	₹14.61	₹14.61	₹6.60	₹8.03	₹10.64
	21.08×	—	—	—	—
	—	1.80×	1.18×	1.25×	1.55×
	—	190	122	71.8	65.6
	—	179	158	101	78.7

Open the chart

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

alphave

FSL₹307.95

Firstsource Solutions Ltd.

· Consumer Services

₹ CrorePeersECLERX GESHIP FIRSTCRY DEVYANI BLS MEESHO REDINGTON PWLMcap ₹21,464 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	263.2	260.2	327.0	434.1	—
+ Finance Costs	79.0	103.4	147.9	181.5	—
+ Interest Income	-1.0	-1.0	-2.7	-4.1	—
+ Fair Value (Gains) / Losses	-128.5	-33.5	0.0	0.0	—
+ Share-based Payments	22.8	3.1	71.6	63.4	—
+ Unrealised FX (Gain) / Loss	-5.1	-3.1	32.5	85.6	—
+ Other Non-cash Items	-61.3	-34.1	0.4	98.2	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-4.3	—
Changes in Working Capital
+ Trade Receivables — Current	-96.5	-154.6	-420.9	-343.5	—
+ Other Current Assets	70.8	-126.7	-123.3	-186.2	—
+ Other Current Liabilities	102.2	40.9	49.8	221.5	—
+ Provisions — Current	0.0	32.3	0.0	7.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	615.2	629.7	740.7	849.8	931.0
+ Total Adjustments (incl. Working Capital)	245.4	86.9	82.3	553.8	—
Cash from Operations (pre-tax)	860.6	716.6	823.0	1,403.7	—
+ Income Taxes Paid	65.6	71.8	121.9	189.7	—
Cash from Operating Activities	795.0	644.8	701.1	1,214.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	53.6	85.1	241.2	195.7	—
+ Disp of Fixed Assets	2.2	0.1	17.6	63.3	—
+ Purchase of Investments (Equity / Debt)	1,455.7	1,687.7	2,645.9	3,268.8	—
+ Sale of Investments (Equity / Debt)	1,519.4	1,723.4	2,629.9	3,261.5	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	509.9	315.6	—
+ Interest Received — Investing	1.0	1.0	2.7	4.1	—
+ Other Inflows / (Outflows) — Investing	3.0	-9.7	0.9	-1.2	—
Cash from Investing Activities	16.4	-58.0	-745.9	-452.4	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	0.0	5.9	0.0	0.0	—
+ Buyback / Redemption of Own Shares	14.0	0.0	36.2	50.0	—
+ Payments for Other Equity Instruments	0.0	0.0	22.5	0.0	—
+ Payments — Change in Ownership of Subsidiaries	27.6	58.3	0.0	0.0	—
+ Proceeds from Borrowings	5.0	131.9	858.1	201.9	—
+ Repayment of Borrowings	240.2	161.0	179.4	0.0	—
+ Payment of Lease Liabilities	149.5	141.0	163.6	259.7	—
+ Interest Paid	78.7	101.1	157.9	178.8	—
+ Dividends Paid	238.4	240.6	275.9	380.1	—
Cash from Financing Activities	-743.4	-564.2	22.6	-666.8	—
Net Changes in Cash (pre-FX)	68.0	22.6	-22.2	94.8	—
+ Effect of FX Rate Changes on Cash	0.7	0.6	1.6	9.5	—
Net Changes in Cash	68.7	23.2	-20.6	104.4	—
Closing Cash	151.5	174.8	154.2	258.6	—
Reference Items
EBITDA	826.5	956.4	1,207.6	1,556.2	1,754.9
EBITDA Margin %	13.72	15.09	15.13	16.28	16.59
Free Cash Flow (CFO − Capex)	741.4	559.7	459.9	1,018.3	1,018.3
Free Cash Flow to Equity	—	444.0	1,022.4	1,244.2	—
Free Cash Flow per Basic Share	10.64	8.03	6.60	14.61	14.61
Price to Free Cash Flow	—	—	—	—	21.08
Cash Flow to Net Income	1.55	1.25	1.18	1.80	—
Cash Paid for Taxes	65.6	71.8	121.9	189.7	—
Cash Paid for Interest	78.7	101.1	157.9	178.8	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. 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%.