Firstsource Solutions Ltd on Wednesday released its fiscal first quarter earnings report with profit at Rs 169.33 crore. This was 25.20 per cent higher than Rs 135.25 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 2,220.93 crore, reporting a growth of 24.50 per cent as against Rs 1,783.87 crore recorded during the first quarter of previous financial year. The company EBIT was up 2 per cent at Rs 249 crore.
Dr Sanjiv Goenka, Chairman – RPSG Group and Firstsource Solutions, said, “We’ve begun FY26 on a positive note, building on the momentum of a breakthrough FY25.”
Firstsource Q1: Deal wins
The company reported a sustained large-deal momentum with four major wins in Q1FY26. In Q1FY26, Firstsource’s Banking and Financial Services vertical added two new clients. In Healthcare, it added eight new clients, and all its large deal wins in Q1 were in this vertical. Communications, Media & Technology added seven new clients, fuelled by demand for CX and AI-led solutions from digital-native brands.
Firstsource Q1: Attrion rate
Firstsource’s employee strength at the end of Q1FY26 stood at 34,495. It said that offshore/ nearshore hires accounted for 80 per cent of gross additions. The attrition rate declined further to 28.9 per cent, a 13ppt improvement over the last eight quarters.
Firstsource Q1: FY26 outlook
For FY26, Firstsource anticipates revenue growth of 13 per cent to 15 per cent in constant currency terms, slightly narrowing the earlier projection of 12 per cent to 15 per cent. This forecast, it added excludes any potential contribution from Pastdue Credit Solutions, as the transaction is still awaiting regulatory approval. The company’s FY26 EBIT margin outlook remains unchanged at 11.25 per cent to 12 per cent.