Firstsource Solutions Ltd.

About

Firstsource Solutions Limited provides technology-enabled business process services in Asia, the United Kingdom, the United States, and internationally. The company operates through four segments: Healthcare; Banking and Financial Services; Communications, Media and Technology; and Diverse Industries. It offers core banking, card and digital payments, consumer lending, mortgage, commercial lending, and fraud management; member enrollment, member engagement, digital mailroom, network operations, claims optimization, population health, and data intelligence solutions, as well as business process as a service solution; and patient access, revenue integrity, revenue recovery, and revenue command center solutions. The company also provides customer acquisition, subscriber operations, complaints and dispute management, revenue operations, and collections solutions; customer lifecycle management, community management, and billing operations; and managed engineering, customer support and success, revenue operations, and AI data solutions. In addition, it offers acquire and enroll, fund and pay, learn and engage, support and serve, collect and recover, and credential and place; customer engagement, merchant operations, fulfillment support, customer service and loyalty, and trust and safety; and customer acquisition, meter to cash, emergency services, and revenue operations and collections solutions. The company serves banking and financial services, healthcare, communications, media, technology, retail and digital marketplaces, education technology, and energy and utilities industries. The company was formerly known as ICICI OneSource Limited and changed its name to Firstsource Solutions Limited in November 2006. The company was founded in 2000 and is based in Mumbai, India. Firstsource Solutions Limited operates as a subsidiary of RPSG Ventures Limited.

Key Metrics

as of Sep 2026

Market Cap18,775 Cr

P/E23.50

Div Yield2.08 %

Book Value₹62.00

52w High₹380.00

52w Low₹201.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	879.00	774.00	752.00	675.00	682.00	628.00	624.00	542.00	513.00	466.00	435.00	364.00	336.00
Expenses	556.00	524.00	524.00	498.00	470.00	460.00	466.00	402.00	371.00	332.00	307.00	263.00	247.00
Operating Profit	323.00	250.00	228.00	177.00	212.00	168.00	158.00	140.00	142.00	134.00	128.00	101.00	90.00
OPM %	37.00	32.00	30.00	26.00	31.00	27.00	25.00	26.00	28.00	29.00	30.00	28.00	27.00
Other Income	15.00	9.00	-87.00	10.00	12.00	11.00	66.00	8.00	10.00	9.00	10.00	9.00	8.00
Depreciation	55.00	54.00	53.00	54.00	44.00	40.00	34.00	26.00	26.00	26.00	24.00	22.00	20.00
Interest	17.00	17.00	17.00	15.00	14.00	13.00	11.00	10.00	8.00	5.00	5.00	4.00	3.00
Profit before tax	267.00	188.00	71.00	118.00	166.00	126.00	178.00	112.00	118.00	111.00	109.00	85.00	75.00
Tax %	22.00	25.00	18.00	17.00	19.00	26.00	17.00	18.00	20.00	16.00	18.00	15.00	13.00
Net Profit	207.00	140.00	59.00	98.00	135.00	92.00	148.00	92.00	95.00	93.00	90.00	72.00	65.00
EPS in Rs	2.92	1.98	0.83	1.39	1.91	1.31	2.09	1.30	1.34	1.32	1.27	1.03	0.92

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2,883.00	2,307.00	1,601.00	1,376.00	1,592.00	1,325.00	940.00	768.00	861.00	940.00	875.00	914.00
Expenses	2,015.00	1,699.00	1,148.00	994.00	1,061.00	832.00	672.00	581.00	627.00	710.00	676.00	706.00
Operating Profit	868.00	607.00	453.00	381.00	531.00	492.00	268.00	187.00	235.00	230.00	198.00	208.00
OPM %	30.00	26.00	28.00	28.00	33.00	37.00	28.00	24.00	27.00	24.00	23.00	23.00
Other Income	-56.00	95.00	37.00	34.00	31.00	28.00	31.00	62.00	13.00	15.00	18.00	19.00
Interest	64.00	43.00	17.00	15.00	20.00	16.00	16.00	2.00	7.00	7.00	9.00	21.00
Depreciation	205.00	126.00	92.00	89.00	88.00	80.00	71.00	24.00	22.00	19.00	32.00	46.00
Profit before tax	543.00	534.00	380.00	311.00	453.00	425.00	212.00	223.00	219.00	219.00	176.00	160.00
Tax %	20.00	20.00	16.00	20.00	15.00	14.00	14.00	11.00	12.00	14.00	14.00	-2.00
Net Profit	432.00	427.00	320.00	248.00	388.00	367.00	182.00	199.00	192.00	188.00	151.00	164.00
EPS in Rs	6.11	6.04	4.54	3.54	5.55	5.27	2.62	2.88	2.80	2.77	2.25	2.46
Dividend Payout %	89.00	65.00	76.00	98.00	63.00	57.00	95.00	69.00	54.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	697.00	697.00	697.00	697.00	697.00	696.00	694.00	691.00	687.00	681.00	673.00	666.00
Reserves	1,598.00	1,879.00	1,714.00	1,607.00	1,623.00	1,476.00	1,371.00	1,588.00	1,448.00	1,318.00	1,100.00	962.00
Borrowings	953.00	813.00	348.00	158.00	265.00	248.00	215.00	11.00	16.00	186.00	193.00	235.00
Other Liabilities	1,043.00	412.00	198.00	157.00	163.00	208.00	85.00	81.00	98.00	83.00	91.00	100.00
Total Liabilities	4,292.00	3,800.00	2,957.00	2,619.00	2,748.00	2,629.00	2,366.00	2,372.00	2,249.00	2,268.00	2,056.00	1,963.00
Fixed Assets	739.00	663.00	406.00	208.00	313.00	291.00	249.00	72.00	56.00	55.00	39.00	58.00
CWIP	29.00	42.00	14.00	3.00	0.00	0.00	0.00	0.00	0.00	2.00	1.00	0.00
Investments	1,632.00	1,633.00	1,265.00	1,288.00	1,336.00	1,287.00	1,199.00	1,316.00	1,219.00	1,345.00	1,268.00	1,246.00
Other Assets	1,891.00	1,463.00	1,273.00	1,119.00	1,099.00	1,051.00	918.00	984.00	974.00	866.00	748.00	658.00
Total Assets	4,292.00	3,800.00	2,957.00	2,619.00	2,748.00	2,629.00	2,366.00	2,372.00	2,249.00	2,268.00	2,056.00	1,963.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	633.00	504.00	347.00	270.00	416.00	418.00	388.00	222.00	41.00	78.00	77.00	51.00
Cash from Investing Activity	-33.00	-342.00	-26.00	47.00	-51.00	-146.00	78.00	-106.00	124.00	-105.00	-21.00	-51.00
Cash from Financing Activity	-585.00	-183.00	-296.00	-319.00	-356.00	-307.00	-433.00	-117.00	-166.00	6.00	-45.00	-3.00
Net Cash Flow	15.00	-22.00	24.00	-1.00	9.00	-35.00	33.00	-1.00	-1.00	-21.00	10.00	-3.00
Free Cash Flow	572.00	370.00	294.00	250.00	380.00	352.00	340.00	180.00	21.00	48.00	62.00	61.00
CFO/OP %	84.00	97.00	91.00	86.00	97.00	98.00	157.00	142.00	43.00	50.00	60.00	40.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	152.00	142.00	166.00	169.00	123.00	147.00	145.00	206.00	239.00	144.00	133.00	93.00
Cash Conversion Cycle	152.00	142.00	166.00	169.00	123.00	147.00	145.00	206.00	239.00	144.00	133.00	93.00
Working Capital Days	19.00	43.00	126.00	139.00	104.00	98.00	132.00	238.00	233.00	140.00	106.00	70.00
ROCE %	21.00	17.00	15.00	13.00	19.00	19.00	10.00	10.00	10.00	11.00	9.00	10.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	53.66	53.66	53.66	53.66	53.66	53.66	53.66	53.66	53.66	53.66	53.66	53.66
FIIs	8.38	8.85	9.20	9.25	9.58	10.07	11.01	11.63	9.36	9.59	9.89	10.21
DIIs	25.41	25.49	25.19	24.63	23.95	22.90	20.89	18.60	19.52	19.27	18.16	16.22
Public	11.71	11.05	11.11	11.59	11.92	12.26	13.36	15.00	16.15	16.15	16.86	17.91
No. of Shareholders	242,813	229,935	230,472	240,982	254,253	266,868	280,639	282,859	258,789	266,874	275,233	287,185

Corporate Actions

25 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	20 Feb 2026	20 Feb 2026	—	5.50
Dividend	21 Feb 2025	21 Feb 2025	—	4.00
Other	23 Jul 2024	—	—	—	Annual General Meeting
Dividend	16 Feb 2024	16 Feb 2024	—	3.50
Other	26 Jul 2023	—	—	—	Annual General Meeting
Dividend	17 Feb 2023	17 Feb 2023	—	3.50
Other	26 Jul 2022	—	—	—	Annual General Meeting
Dividend	17 Feb 2022	18 Feb 2022	—	3.50
Other	20 Jul 2021	—	—	—	Annual General Meeting
Dividend	17 Feb 2021	19 Feb 2021	—	3.00
Other	13 Jul 2020	—	—	—	Annual General Meeting
Dividend	27 Feb 2020	28 Feb 2020	—	2.50
Dividend	25 Jul 2019	—	—	2.00
Dividend	26 Jul 2018	—	—	1.50
Other	28 Jul 2017	—	—	—	Annual General Meeting
Other	15 Jul 2016	—	—	—	Annual General Meeting
Other	23 Jul 2015	—	—	—	Annual General Meeting
Other	23 Jul 2014	—	—	—	Annual General Meeting
Other	26 Jul 2013	—	—	—	Annual General Meeting
Other	20 Jul 2012	—	—	—	Annual General Meeting
Other	25 Jul 2011	—	—	—	Annual General Meeting
Other	07 Sep 2010	—	—	—	Annual General Meeting
Other	20 Jul 2009	—	—	—	Annual General Meeting
Other	22 Jul 2008	—	—	—	Annual General Meeting
Other	03 Aug 2007	—	—	—	Agm