Firstsource Solutions Ltd
Firstsource Solutions Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Q1 FY26 revenue was Rs 22.2 billion (~US$259 million), showing a 23.8% YoY growth and 3.6% QoQ growth in USD terms. Firstsource Solutions expects continued industry-leading growth in FY26 despite macroeconomic uncertainties, backed by a robust pipeline and strong deal wins.
From Firstsource Solutions Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Q1 FY26 revenue was Rs 22.2 billion (~US$259 million), showing a 23.8% YoY growth and 3.6% QoQ growth in USD terms.
- Revenue growth driven by 17 new client logos, including 9 strategic logos with potential for $5mn+ relationships.
- Strong deal pipeline, the highest in company history, especially large, multi-year, transformative programs with non-linear ramp-ups.
- Banking & Financial Services vertical showed flat QoQ growth but 7% YoY growth in constant currency; healthcare and CMT verticals showed solid expansion.
- Geographic growth: North America grew 5% QoQ and 22% YoY; Europe down 7% QoQ but expected to normalize.
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Profitability & Margins
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Capital Expenditure Plans
- Firstsource is actively investing in expanding its execution infrastructure, adding new seating capacities in Mumbai, Bangalore, and Gurugram in Q1 FY26.
- They are continuing to invest in technology, AI, and automation across the lifecycle of engagements to drive efficiencies.
- Significant investments are being made in automating volume hiring processes using AI, aiming to automate two-thirds of volume hiring by March 2026, reducing hiring cycle time by up to 50%.
- The company has signed a share purchase agreement to acquire Pastdue Credit Solutions (PDC) in the UK, a strategic acquisition subject to FCA approval, expected to close in the current quarter; this will be margin and EPS accretive.
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Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Order Book & Pipeline
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Firstsource Solutions Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.6K Cr, net profit ₹205 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Firstsource Solutions Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Firstsource Solutions Ltd Q1 FY26 results?
Q1 FY26 revenue was Rs 22.2 billion (~US$259 million), showing a 23.8% YoY growth and 3.6% QoQ growth in USD terms. Firstsource Solutions expects continued industry-leading growth in FY26 despite macroeconomic uncertainties, backed by a robust pipeline and strong deal wins.
What is Firstsource Solutions Ltd share price analysis?
Firstsource Solutions Ltd currently shows a neutral. The stock trades at a P/E of 32.1 with a market cap of ₹24,000 Cr. Investors should review the full earnings analysis for detailed insights.
Is Firstsource Solutions Ltd planning capital expenditure?
Firstsource is actively investing in expanding its execution infrastructure, adding new seating capacities in Mumbai, Bangalore, and Gurugram in Q1 FY26.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.