Firstsource Solutions quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	2,826	2,312	+22.2%
EBITDA	471	376	+25.1%
EBITDA margin	16.7%	16.3%	+0.4 pts
Profit before tax	299	224	+33.4%
Net profit	232	180	+29.5%
EPS	₹3.37	₹2.60	+29.6%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	2,826	2,725	2,583	2,443	2,312	2,218	2,161	2,102	1,925	1,791	1,670	1,597	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	−1.8	6.1	−1.7	3.6	−1.3	6.8	2.1	−2.1	−2.7	1.8	2.8	15.4
	2,824	2,731	2,582	2,447	2,311	2,224	2,164	2,100	1,923	1,793	1,673	1,612
	1,579	1,532	1,477	1,431	1,362	1,321	1,352	1,307	1,210	1,127	1,056	989
	51.0	51.8	52.0	43.3	42.8	43.4	42.6	39.3	34.3	31.6	26.5	25.4
	118	115	116	111	110	97.2	90.6	84.4	79.2	72.9	67.3	66.3
	776	742	676	609	574	550	477	478	428	394	364	370
	2,524	2,440	2,321	2,195	2,089	2,011	1,962	1,908	1,752	1,626	1,514	1,451
	471	451	430	403	376	347	333	318	287	270	250	237
	352	337	314	291	266	250	242	233	208	197	183	171
Profit
	299	291	261	252	222	213	202	192	171	167	159	161
	0.0	−71.7	0.0	−100	1.9	0.0	0.0	8.8	0.0	0.0	0.0	0.0
	299	219	261	152	224	213	202	201	171	167	159	161
	63.1	50.9	52.3	38.8	47.4	48.4	28.3	44.0	28.4	28.8	26.9	24.9
	3.8	2.5	3.1	−7.5	−2.5	−4.5	12.7	−3.6	4.4	3.2	−1.1	7.1
	66.9	53.4	55.4	31.3	44.8	43.9	41.0	40.3	32.8	32.0	25.8	32.1
	232	166	205	120	180	169	161	160	138	135	134	129
	232	166	205	120	180	169	161	160	138	135	134	129
	13.1	44.8	79.4	−0.6	21.6	−121	−18.6	156	−103	8.4	34.5	−35.8
	246	211	285	120	201	48.1	142	316	35.7	144	168	93.0
	233	166	205	120	180	169	161	160	138	135	134	129
	−0.4	−0.0	0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	0.0	−0.0
Per share
	₹3.37	₹2.40	₹2.97	₹1.74	₹2.60	₹2.45	₹2.33	₹2.33	₹2.01	₹1.97	₹1.94	₹1.88
	₹3.31	₹2.36	₹2.91	₹1.71	₹2.54	₹2.40	₹2.28	₹2.27	₹1.96	₹1.92	₹1.90	₹1.84
Other comprehensive income — detail
	13.1	44.8	79.4	−0.6	21.6	−121	−18.6	—	—	—	—	—
	—	—	36.0	−10.6	—	—	—	—	—	10.6	0.6	—
	—	—	6.3	0.0	—	0.0	—	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	2.2	0.0	—
	4.5	57.5	−38.1	16.5	8.5	−140	—	178	−129	—	39.2	−42.9
	−8.6	12.7	−87.8	6.5	−13.1	−18.9	18.6	—	—	—	—	—
	—	—	—	—	—	—	—	22.1	−26.3	0.0	5.4	−7.1
	246	211	285	120	201	48.1	142	316	35.7	144	168	93.0
	−0.4	−0.0	0.0	−0.0	0.0	−0.0	−0.0	0.0	−0.0	−0.0	0.0	0.0
Per share — as-filed variants
	₹3.37	₹2.40	₹2.97	₹1.74	₹2.60	₹2.45	₹2.33	₹2.33	₹2.01	₹1.97	₹1.94	₹1.88
	₹3.31	₹2.36	₹2.91	₹1.71	₹2.54	₹2.40	₹2.28	₹2.27	₹1.96	₹1.92	₹1.90	₹1.84
Adjusted (ex-exceptional items) — derived
	299	291	261	252	222	213	202	192	171	167	159	161
	0.0	−71.7	0.0	−100	1.9	0.0	0.0	8.8	0.0	0.0	0.0	0.0
	232	220	205	200	178	169	161	153	138	135	134	129
	₹3.37	₹3.18	₹2.97	₹2.89	₹2.58	₹2.45	₹2.33	₹2.23	₹2.01	₹1.97	₹1.94	₹1.88

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

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

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	1,596.6	1,670.5	1,791.1	1,925.4	2,102.4	2,161.5	2,217.7	2,312.2	2,443.1	2,583.5	2,724.9	2,825.6
Other Income	15.4	2.8	1.8	-2.7	-2.1	2.1	6.8	-1.3	3.6	-1.7	6.1	-1.8
Total Income	1,612.0	1,673.3	1,792.9	1,922.7	2,100.3	2,163.6	2,224.5	2,310.9	2,446.7	2,581.7	2,731.0	2,823.8
Expenses
+ Employee Benefit Expense	989.3	1,055.8	1,126.8	1,210.4	1,307.0	1,351.5	1,320.7	1,361.8	1,431.2	1,476.6	1,531.6	1,578.6
+ Finance Costs	25.4	26.5	31.6	34.3	39.3	42.6	43.4	42.8	43.3	52.0	51.8	51.0
+ Depreciation & Amortisation	66.3	67.3	72.9	79.2	84.4	90.6	97.2	109.6	111.2	116.1	114.6	118.4
+ Other Expenses	370.1	364.3	394.4	427.7	477.7	477.1	549.9	574.4	609.3	676.4	742.0	776.5
Total Expenses	1,451.2	1,514.0	1,625.7	1,751.6	1,908.4	1,961.9	2,011.2	2,088.5	2,194.9	2,321.1	2,440.0	2,524.5
EBITDA	237.1	250.3	269.9	287.3	317.7	332.8	347.1	376.0	402.7	430.4	451.3	470.5
EBIT	170.9	183.0	197.0	208.1	233.3	242.2	249.8	266.5	291.5	314.3	336.7	352.1
Profit
PBT before Exceptional Items	160.8	159.3	167.3	171.0	191.8	201.7	213.2	222.4	251.8	260.6	291.0	299.4
+ Exceptional Items	0.0	0.0	0.0	0.0	8.8	0.0	0.0	1.9	-100.1	0.0	-71.7	0.0
Pretax Income	160.8	159.3	167.3	171.0	200.7	201.7	213.2	224.3	151.7	260.6	219.3	299.4
+ Current Tax	24.9	26.9	28.8	28.4	44.0	28.3	48.4	47.4	38.8	52.3	50.9	63.1
+ Deferred Tax	7.1	-1.1	3.2	4.4	-3.6	12.7	-4.5	-2.5	-7.5	3.1	2.5	3.8
Tax Expense	32.1	25.8	32.0	32.8	40.3	41.0	43.9	44.8	31.3	55.4	53.4	66.9
Net Income	128.7	133.5	135.2	138.2	160.3	160.7	169.3	179.5	120.3	205.2	165.9	232.4
+ Net Income — Continuing Ops	128.7	133.5	135.2	138.2	160.3	160.7	169.3	179.5	120.3	205.2	165.9	232.4
+ Other Comprehensive Income	-35.8	34.5	8.4	-102.5	156.0	-18.6	-121.3	21.6	-0.6	79.4	44.8	13.1
Total Comprehensive Income	93.0	168.0	143.6	35.7	316.3	142.1	48.1	201.2	119.8	284.7	210.7	245.5
Net Income to Common	128.7	133.5	135.3	138.2	160.3	160.7	169.3	179.5	120.3	205.2	165.9	232.8
Minority Interest	-0.0	0.0	-0.0	-0.0	0.0	0.0	-0.0	-0.0	-0.0	0.0	-0.0	-0.4
Per Share
Basic EPS	1.88	1.94	1.97	2.01	2.33	2.33	2.45	2.60	1.74	2.97	2.40	3.37
Diluted EPS	1.84	1.90	1.92	1.96	2.27	2.28	2.40	2.54	1.71	2.91	2.36	3.31
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-18.6	-121.3	21.6	-0.6	79.4	44.8	13.1
+ Items NOT to be Reclassified to P&L	—	0.6	10.6	—	—	—	—	—	-10.6	36.0	—	—
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	—	0.0	—	0.0	6.3	—	—
+ Tax on Items NOT to be Reclassified — alt tag	—	0.0	2.2	—	—	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-42.9	39.2	—	-128.8	178.1	—	-140.1	8.5	16.5	-38.1	57.5	4.5
+ Tax on Items to be Reclassified	—	—	—	—	—	18.6	-18.9	-13.1	6.5	-87.8	12.7	-8.6
+ Tax on Items to be Reclassified — alt tag	-7.1	5.4	0.0	-26.3	22.1	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	93.0	168.0	143.6	35.7	316.3	142.1	48.1	201.1	119.8	284.7	210.8	245.9
Comprehensive Income — Non-controlling Interests	0.0	0.0	-0.0	-0.0	0.0	-0.0	-0.0	0.0	-0.0	0.0	-0.0	-0.4
Per Share — as-filed variants
Basic EPS — Continuing Operations	1.88	1.94	1.97	2.01	2.33	2.33	2.45	2.60	1.74	2.97	2.40	3.37
Diluted EPS — Continuing Operations	1.84	1.90	1.92	1.96	2.27	2.28	2.40	2.54	1.71	2.91	2.36	3.31
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	160.8	159.3	167.3	171.0	191.8	201.7	213.2	222.4	251.8	260.6	291.0	299.4
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	8.8	0.0	0.0	1.9	-100.1	0.0	-71.7	0.0
Net Income Adj (tax-effected)	128.7	133.5	135.2	138.2	153.3	160.7	169.3	178.0	199.8	205.2	220.1	232.4
EPS Adj	1.88	1.94	1.97	2.01	2.23	2.33	2.45	2.58	2.89	2.97	3.18	3.37
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	697.0	697.0	697.0	697.0	697.0	697.0	697.0	697.0	697.0	697.0	697.0	697.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · 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 Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 4:23 pm IST

Firstsource Solutions (NSE: FSL) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 4:23 pm IST. Consolidated net profit was ₹233 crore, up 29.7% from ₹180 crore in Q2 FY26 and up 40.3% from ₹166 crore in Q1 FY27. Revenue from operations was ₹2,826 crore, up 22.2% year on year and up 3.7% from the previous quarter.

Q2 FY26 results (a year earlier): 4 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹233 Cr+29.7% vs Q2 FY26+40.3% vs Q1 FY27
Revenue from operations: ₹2,826 Cr+22.2% vs Q2 FY26+3.7% vs Q1 FY27
Operating margin (EBIT): 12.5%+0.9 pts vs Q2 FY26+0.1 pts vs Q1 FY27EBIT ₹352 Cr
EBITDA: ₹471 Cr+25.1% vs Q2 FY26+4.3% vs Q1 FY27margin 16.7%
Earnings per share (basic): ₹3.37+29.6% vs Q2 FY26+40.4% vs Q1 FY27
Net profit margin: 8.2%+0.5 pts vs Q2 FY26+2.2 pts vs Q1 FY27

Questions

What was Firstsource Solutions' net profit in Q2 FY27?

Consolidated net profit was ₹233 crore, up 29.7% from ₹180 crore in Q2 FY26 and up 40.3% from ₹166 crore in Q1 FY27.

What was Firstsource Solutions' revenue in Q2 FY27?

Revenue from operations was ₹2,826 crore, up 22.2% year on year and up 3.7% from the previous quarter.

What was Firstsource Solutions' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹352 crore, a margin of 12.5%, against 12.4% in Q1 FY27 and 11.5% in Q2 FY26. EBITDA was ₹471 crore, 16.7% of revenue.

How were Firstsource Solutions' Q2 FY27 results?

Both grew from a year earlier: net profit was up 29.7% at ₹233 crore and revenue was up 22.2% at ₹2,826 crore. The operating margin was 12.5%, up 0.9 percentage points from 11.5% a year earlier. Against Q1 FY27, net profit was up 40.3% and revenue up 3.7%.

What was Firstsource Solutions' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹399 crore, up 14.3% from ₹349 crore in the same months a year earlier. Revenue from operations was ₹5,550 crore, up 22.5%.

What is Firstsource Solutions' net profit margin?

Firstsource Solutions' net profit margin was 8.2% in Q2 FY27 (net profit as a share of revenue from operations), against 7.8% in Q2 FY26 (up 0.5 percentage points). For FY26 as a whole it was 7.1%.

What was Firstsource Solutions' EPS in Q2 FY27?

Basic earnings per share were ₹3.37, against ₹2.60 in Q2 FY26.

What was Firstsource Solutions' net profit in FY26?

Consolidated net profit was ₹674 crore in FY26 (April 2025–March 2026), up 13.5% from ₹594 crore in FY25. It was ₹515 crore in FY24 and ₹514 crore in FY23: up 31.3% over three years, 9.5% a year on average.

When did Firstsource Solutions announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 4:23 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 4 November 2025.

How has Firstsource Solutions' profit changed over the last four quarters?

Net profit by quarter: ₹120 crore in Q3 FY26, ₹205 crore in Q4 FY26, ₹166 crore in Q1 FY27 and ₹233 crore in Q2 FY27. That is ₹724 crore over the four quarters, up 8.1% from ₹670 crore in the four quarters before. Revenue from operations: ₹2,443 crore, ₹2,583 crore, ₹2,725 crore and ₹2,826 crore.

What was Firstsource Solutions' revenue in FY26?

Revenue from operations was ₹9,556 crore in FY26 (April 2025–March 2026), up 19.7% from ₹7,980 crore in FY25. It was ₹6,336 crore in FY24 and ₹6,022 crore in FY23: up 58.7% over three years, 16.6% a year on average.

When will Firstsource Solutions announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Firstsource Solutions figures come from?

From Firstsource Solutions' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.