Firstsource Solutions Reports Strong Q1 FY27 Results, Driven by 22.9% Revenue Growth; Reiterates FY27 Guidance

Firstsource Solutions Reports Strong Q1 FY27 Results, Driven by 22.9% Revenue Growth; Reiterates FY27 Guidance​

Mumbai: Firstsource Solutions Limited (NSE: FSL, BSE: 532809) announced its consolidated financial results for the quarter ended June 30, 2026, reporting a significant increase in revenue and healthy operating margins. The company confirmed that it has signed four large deals in the quarter, marking the sixth consecutive quarter with four or more such wins.

The company reported total income of ₹27,309.86 million for the consolidated segment in Q1 FY27. Revenue from operations stood at ₹27,517.51 million, reflecting a 22.9% year-on-year (YoY) growth compared to the previous period. EBIT was reported at ₹3,367 million, or 12.4% of revenues, marking a 34.8% increase YoY.

The consolidated financial results for the quarter included:

Standalone Performance and Segment Breakdown​

In terms of standalone performance for the quarter ended June 30, 2026, total income stood at ₹8,940.47 million, up from ₹6,942.09 million in Q1 FY26. The company reported net profit after tax of ₹2,067.91 million and a total comprehensive income of ₹2,517.93 million attributable to the owners of equity.

The segmental breakdown for the consolidated results showed strong performance across key business areas:

Key Business Highlights and Outlook​

Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource Solutions, commented on the performance, stating that "This quarter's performance reflects more than the strength of our execution. It reflects the choices we have made over the last several years to position Firstsource for structural shifts in our industry rather than cyclical ones."

The company reported various business achievements in Q1 FY27:

• Deal Wins: The organization secured four large transformative deals, continuing a streak of six consecutive quarters with at least four or more large deal wins.
• Client Growth: Q1 FY27 saw the addition of twelve new client logos, including three strategic accounts.
• Notable Deals: Key contract wins included securing a large transformative deal with a leading UK-based benefits and pensions administration provider for back-office transformation. The company also won a large deal from a leading academic medical center in the US for insurance follow-up and claims resolution. Other notable wins included expanding services for a public health system, securing a new deal with a US-based health insurance provider, and winning a large contract from a European public transport operator.
• Vertical Progress: Banking and Financial Services added five new logos, Healthcare added four new logos, Communication, Media & Technology added two new logos, and Diverse Industries added one new logo.
• Workforce Metrics: The closing headcount at the end of Q1 FY27 was 36,875, with a voluntary attrition rate reported at 27.5%.

Looking ahead to FY27, Firstsource Solutions reiterated its guidance, expecting revenue growth in the range of 10% to 13% in constant currency terms, and anticipates an EBIT margin in the band of 12.25% to 12.75%.

The company also achieved several industry recognitions:

• It was named a Major Contender in Everest Group's Revenue Cycle Management (RCM) Intelligent Operations PEAK Matrix Assessment 2026.
• Firstsource was placed in ISG's Breakthrough 15 for Americas after its revenues crossed US$1 billion.
• The company received four global employer brand awards, including recognition as one of India's Top 100 Best Companies to Work For from Great Place To Work®.