Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Firstsource Solutions Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,557 | 1,529 | 1,540 | 1,597 | 1,670 | 1,791 | 1,925 | 2,102 | 2,161 | 2,218 | 2,312 | 2,443 | 2,583 |
| Expenses + | 1,313 | 1,289 | 1,311 | 1,359 | 1,420 | 1,521 | 1,638 | 1,785 | 1,829 | 1,871 | 1,936 | 2,040 | 2,153 |
| Operating Profit | 244 | 240 | 229 | 237 | 250 | 270 | 287 | 318 | 333 | 347 | 376 | 403 | 430 |
| OPM % | 16% | 16% | 15% | 15% | 15% | 15% | 15% | 15% | 15% | 16% | 16% | 16% | 17% |
| Other Income + | 13 | 2 | 17 | 15 | 3 | 2 | -3 | 7 | 2 | 7 | 1 | -97 | -2 |
| Interest | 21 | 25 | 26 | 25 | 27 | 32 | 34 | 39 | 43 | 43 | 43 | 43 | 52 |
| Depreciation | 64 | 61 | 65 | 66 | 67 | 73 | 79 | 84 | 91 | 97 | 110 | 111 | 116 |
| Profit before tax | 172 | 155 | 154 | 161 | 159 | 167 | 171 | 201 | 202 | 213 | 224 | 152 | 261 |
| Tax % | 18% | 19% | 18% | 20% | 16% | 19% | 19% | 20% | 20% | 21% | 20% | 21% | 21% |
| Net Profit + | 141 | 126 | 127 | 129 | 134 | 135 | 138 | 160 | 161 | 169 | 180 | 120 | 205 |
| EPS in Rs | 2.02 | 1.79 | 1.80 | 1.83 | 1.90 | 1.92 | 1.96 | 2.27 | 2.27 | 2.39 | 2.54 | 1.70 | 2.90 |
Financials of Firstsource Solutions Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,035 | 3,217 | 3,556 | 3,535 | 3,826 | 4,099 | 5,078 | 5,921 | 6,022 | 6,336 | 7,980 | 9,556 |
| Expenses + | 2,645 | 2,819 | 3,109 | 3,064 | 3,274 | 3,445 | 4,239 | 4,939 | 5,165 | 5,329 | 6,743 | 8,000 |
| Operating Profit | 390 | 398 | 447 | 471 | 552 | 654 | 839 | 982 | 858 | 1,008 | 1,238 | 1,556 |
| OPM % | 13% | 12% | 13% | 13% | 14% | 16% | 17% | 17% | 14% | 16% | 16% | 16% |
| Other Income + | 7 | 9 | 3 | 5 | 4 | 9 | -114 | 1 | 131 | 37 | 14 | -91 |
| Interest | 80 | 61 | 54 | 53 | 46 | 83 | 87 | 86 | 110 | 155 | 184 | 181 |
| Depreciation | 72 | 61 | 59 | 66 | 74 | 185 | 206 | 249 | 263 | 260 | 327 | 434 |
| Profit before tax | 244 | 286 | 337 | 358 | 436 | 394 | 432 | 647 | 615 | 630 | 741 | 850 |
| Tax % | 4% | 9% | 17% | 9% | 13% | 14% | 16% | 17% | 16% | 18% | 20% | 21% |
| Net Profit + | 234 | 261 | 279 | 327 | 378 | 340 | 362 | 537 | 514 | 515 | 594 | 674 |
| EPS in Rs | 3.52 | 3.87 | 4.11 | 4.76 | 5.47 | 4.90 | 5.20 | 7.69 | 7.33 | 7.31 | 8.41 | 9.54 |
| Dividend Payout % | 0% | 0% | 0% | 32% | 37% | 51% | 58% | 45% | 47% | 47% | 47% | 0% |
Financials of Firstsource Solutions Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 666 | 673 | 681 | 687 | 691 | 694 | 696 | 697 | 697 | 697 | 697 | 697 |
| Reserves | 1,422 | 1,104 | 1,347 | 1,665 | 2,030 | 2,072 | 2,103 | 2,336 | 2,670 | 3,003 | 3,401 | 3,688 |
| Borrowings + | 1,031 | 891 | 965 | 667 | 557 | 1,356 | 1,194 | 1,784 | 1,393 | 1,526 | 2,569 | 2,922 |
| Other Liabilities + | 306 | 286 | 316 | 352 | 352 | 393 | 789 | 796 | 785 | 702 | 1,091 | 2,014 |
| Total Liabilities | 3,427 | 2,954 | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 9,320 |
| Fixed Assets + | 2,444 | 2,022 | 2,068 | 2,080 | 2,223 | 2,871 | 2,998 | 3,744 | 3,716 | 3,853 | 4,994 | 5,567 |
| CWIP | 8 | 2 | 4 | 2 | 2 | 0 | 0 | 3 | 3 | 17 | 49 | 30 |
| Investments | 73 | 85 | 163 | 34 | 134 | 12 | 94 | 130 | 71 | 42 | 73 | 116 |
| Other Assets + | 901 | 845 | 1,074 | 1,255 | 1,271 | 1,630 | 1,691 | 1,736 | 1,754 | 2,017 | 2,642 | 3,607 |
| Total Assets | 3,427 | 2,954 | 3,309 | 3,371 | 3,630 | 4,514 | 4,783 | 5,613 | 5,545 | 5,929 | 7,758 | 9,320 |
Financials of Firstsource Solutions Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 246 | 297 | 200 | 315 | 400 | 410 | 976 | 704 | 795 | 644 | 701 | 1,214 |
| Cash from Investing Activity + | -104 | -101 | -233 | 96 | -203 | 10 | -344 | -594 | 17 | -57 | -744 | -452 |
| Cash from Financing Activity + | -246 | -207 | 4 | -327 | -273 | -277 | -689 | -158 | -743 | -563 | 23 | -667 |
| Net Cash Flow | -105 | -11 | -30 | 84 | -76 | 143 | -58 | -49 | 69 | 23 | -21 | 95 |
| Free Cash Flow | 201 | 212 | 123 | 258 | 292 | 297 | 806 | 631 | 744 | 559 | 477 | 1,082 |
| CFO/OP | 76% | 89% | 57% | 83% | 84% | 71% | 125% | 81% | 100% | 71% | 66% | 90% |
Financials of Firstsource Solutions Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 34 | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 | 79 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 35 | 34 | 31 | 39 | 37 | 50 | 61 | 59 | 63 | 67 | 77 | 79 |
| Working Capital Days | -33 | -27 | -33 | -35 | -20 | -37 | -28 | -20 | -22 | -19 | -20 | -38 |
| ROCE % | 10% | 12% | 14% | 13% | 15% | 13% | 16% | 17% | 15% | 16% | 15% | 16% |