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As of 18 Sept 2026, 03:30 pm
On September 15, 2026, Firstsource Solutions shares rose nearly 18% following a 7-day losing streak. This increase coincided with a broader rebound in Indian IT stocks. Analysts suggested that the rapid development of Artificial Intelligence (AI) may benefit traditional software firms, providing clarity for tech investments amid global strength in tech stocks.
Between August 25 and August 28, 2026, a promoter of Firstsource Solutions disposed of shares in multiple transactions. On August 25, 874 shares were sold for INR 241,661. On August 27, 59,309 shares were sold for INR 15,958,273. Further disposals on August 28 included 36,307 shares for INR 9,768,761 and 173,393 shares for INR 1,733,930, conducted via off-market transactions. These sales reduced the promoter's shareholding from 5,474,506 shares to 5,204,623 shares.
On September 9, 2026, Firstsource Solutions Limited allotted 67,968 equity shares following the exercise of stock options under the ESOP 2019 Plan. This allotment was approved by the Trustees of the Firstsource Employee Benefit Trust. The company's paid-up share capital remained unchanged at INR 6,969,908,260, with 696,990,826 shares outstanding both before and after the allotment.
Firstsource Solutions Limited scheduled a series of investor meetings and conference participations between September 11 and September 23, 2026. These included participation in Axis Capital's Consumer & Tech Conference on September 11, a meeting with Franklin Templeton on September 11, a session with Emkay Global on September 21, and the JP Morgan AI Day conference on September 23. The company stated that it would only reiterate publicly available information during these events.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,724.88 crore | ₹2,583.45 crore | ₹2,443.08 crore | ₹2,312.21 crore | ₹2,217.65 crore |
| Expenses | PEAK₹2,439.96 crore | ₹2,321.14 crore | ₹2,194.88 crore | ₹2,088.50 crore | ₹2,011.25 crore |
| Finance Costs | ₹51.75 crore | PEAK₹52.02 crore | ₹43.25 crore | ₹42.76 crore | ₹43.44 crore |
| Profit Before Tax | ₹219.34 crore | PEAK₹260.60 crore | ₹151.68 crore | ₹224.33 crore | ₹213.23 crore |
| Tax Expense | ₹53.42 crore | PEAK₹55.36 crore | ₹31.35 crore | ₹44.82 crore | ₹43.90 crore |
| Profit Loss For Period | ₹165.92 crore | PEAK₹205.25 crore | ₹120.33 crore | ₹179.51 crore | ₹169.33 crore |
Firstsource Solutions Limited reported a 22.9% year-over-year increase in revenue for the quarter ended 30 June 2026, while net profit declined 2.0% over the same period. The divergence occurred despite expenses growing at a slower pace than revenue, as higher finance costs, an exceptional charge, and a higher effective tax rate absorbed much of the revenue gain.
Revenue grew 22.9% year-over-year, and expenses rose at a slower 21.3%, pointing to some operating leverage. However, net profit declined 2.0% as higher finance costs, a ₹71.69 crore exceptional charge, and an increased effective tax rate offset the top-line expansion. The quarter illustrates that while the revenue engine remains strong, the bottom line is currently sensitive to non-operating items and tax rates.
Exchange disclosures and regulatory announcements for Firstsource Solutions.
On September 17, 2026, Niche Ninety Nine Capability and Certifications (OPC) Private Limited independently assigned an ESG rating of 75.00 to Firstsource Solutions Limited based on public domain information. The Company clarified that it did not engage Niche for this rating or report, which was intimated to the National Stock Exchange and BSE Limited on the same date at 6:50 p.m. IST.
On September 9, 2026, Firstsource Solutions Ltd allotted 67,968 equity shares to employees following the exercise of stock options under the ESOP 2019 Plan. The allotment was approved by the Trustees of the Firstsource Employee Benefit Trust at 11:57 a.m. on the same date. This disclosure was submitted to the National Stock Exchange and BSE Limited pursuant to SEBI Listing Regulations.
On 2026-09-09, Firstsource Solutions Limited allotted securities under its ESOP/ESPS plan via the ESOP Trust Account to eligible allottees. The paid-up share capital remained unchanged at INR 6,969,908,260 with 696,990,826 shares both pre- and post-allotment.
Firstsource Solutions Ltd informed stock exchanges on September 4, 2026, of scheduled analyst and institutional investor meetings with its Key Managerial Personnel from September 11 to September 23, 2026, including participation in Axis Capital's Consumer & Tech Conference, Franklin Templeton, Emkay Global, and JP Morgan AI Day. The company stated it will only reiterate publicly available information and will not share unpublished price-sensitive information.
Firstsource Solutions Limited announced a schedule of four investor meetings to be held between September 11 and September 23, 2026. The company will participate in Axis Capital's Consumer & Tech Conference on September 11 at 15:30 in Mumbai, a one-on-one meeting with Franklin Templeton's Apurva Prasad on September 11 at 20:30, a session with Emkay Global's Dipesh Mehta on September 21 at 18:00, and the JP Morgan AI Day conference on September 23 at 09:00. During these events, the company intends to reiterate industry and company-specific developments already available in the public domain.
On 2026-08-25, a promoter of Firstsource Solutions Limited disposed of 874 shares (value INR 241,661), reducing holdings from 5,474,506 to 5,473,632 shares (0.0078% shareholding). On 2026-08-27, the same promoter disposed of 59,309 shares (value INR 15,958,273), reducing holdings to 5,414,323 shares (0.0077%). On 2026-08-28, the promoter disposed of 36,307 shares (value INR 9,768,761) and then 173,393 shares (value INR 1,733,930) via off-market transactions, resulting in post-disposal holdings of 5,204,623 shares (0.0074%).
On 2026-08-28, Firstsource Solutions Limited allotted shares under its ESOP/ESPS plan via the ESOP Trust Account to eligible allottees. The paid-up share capital remained unchanged at INR 6,969,908,260 with 696,990,826 shares both pre- and post-allotment.
On August 28, 2026, Firstsource Solutions Ltd allotted 269,883 equity shares pursuant to the exercise of stock options under its Employee Stock Option Plan 2019. The allotment was approved by the Trustees of the Firstsource Employee Benefit Trust at 5:09 p.m. on the same date and disclosed to the National Stock Exchange and BSE Limited in compliance with SEBI Listing Regulations.
Recent market and company developments associated with Firstsource Solutions.
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Firstsource Solutions shares rose nearly 18% on 15 September, as Indian IT stocks rebounded byover 4%. Analysts suggest the pace of AI development may benefit traditional software firms, providing clarity on tech investments amid global strength in tech stocks.
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Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves.
Sensex Today | Stock Market LIVE Updates: The markets are on the rise, and are trading on a stromg footing. The Nifty up over 200 points, jumping to 24,200. The Nifty Bank index is up 300 points, rising to 57,000. Infosys, Larsen & Toubro and HUL are the top gainers.
The recent rise has taken the share price well above a key resistance level of ₹253. The 2% rise on Monday indicates that the upmove is gaining momentum
Comprehensive Section Breakdown for Firstsource Solutions
Strategic Vision: Global business process management services provider.
Category: B2B Services
Services encompass customer management, including contact center operations, transaction processing, and debt collection.
Category: B2B Services
Within the healthcare industry, Firstsource also provides revenue cycle management services.
• Global operational footprint across multiple countries.
• Specialized BPM partner leveraging domain expertise and technology.
Revenue from operations reached ₹2,724.88 crore, up 5.5% from the previous quarter and 22.9% from the year-ago quarter. This marked the fifth consecutive quarter of sequential revenue growth, with the top line rising from ₹2,217.65 crore to ₹2,724.88 crore over that five-quarter span.
Segment revenue from operations, a closely tracked measure, was ₹2,751.75 crore, growing 23.9% year-over-year. The small gap between segment and consolidated revenue—approximately ₹27 crore in the current quarter—remained in line with the pattern seen in recent periods.
While revenue expanded, profit before tax (PBT) fell 15.8% sequentially to ₹219.34 crore, though it was 2.9% higher than the year-ago quarter. Net profit declined more sharply, dropping 19.2% sequentially to ₹165.92 crore and 2.0% year-over-year.
The gap between revenue less expenses and PBT widened considerably. In the previous quarter, the difference was roughly ₹1.7 crore; in the current quarter, it expanded to approximately ₹65.6 crore. This widening reflects items outside the core expense line, including finance costs and an exceptional charge.
Finance costs rose to ₹51.75 crore, a 19.2% increase from the year-ago period, while remaining relatively flat sequentially. Additionally, an exceptional charge of ₹71.69 crore was recorded in the quarter, compared to zero in the same quarter last year. These factors, together with depreciation and other items, absorbed a significant portion of the revenue gains.
Despite these pressures, total expenses grew 21.3% year-over-year, slightly slower than the 22.9% revenue growth, indicating some operating leverage.
The effective tax rate increased to 24.4% from 20.6% in the year-ago quarter and 21.2% in the preceding quarter. Tax expense was ₹53.42 crore against a PBT of ₹219.34 crore. As a result, while PBT grew 2.9% year-over-year, net profit declined 2.0%.
Basic earnings per share fell to ₹2.40 from ₹2.45 a year earlier, reflecting the lower net profit on a stable share count. The paid-up value of equity share capital remained unchanged at ₹696.99 crore throughout the reporting period.
Firstsource Solutions reported a strong Q1FY27 with revenue of ₹27,249 million (US$288 million), up 22.9% YoY and 12.3% in constant currency, marking the ninth consecutive quarter of double-digit YoY growth. EBIT margin expanded 110bps YoY to 12.4%, within the guided band. Management reiterated its FY27 guidance of 10-13% constant currency revenue growth and EBIT margin of 12.25-12.75%, citing broad-based demand across verticals and a healthy deal pipeline.
Chairman Dr. Sanjiv Goenka emphasized that the company is well positioned to sustain profitable growth as AI reshapes enterprise operations, with a focus on building differentiated capabilities and investing in long-term opportunities. The company signed four large deals in Q1 (sixth consecutive quarter with 4+ wins) and added 12 new logos, including three strategic accounts. However, exceptional charges of ₹717 million (net ₹563 million) were recognized due to a client contract termination and an indemnification; management remains optimistic about recovery through insurance and contractual discussions.
Core Thesis: The company acts as a specialized BPM partner by leveraging domain-centered teams alongside technology, data, and analytics to solve client issues.
• Domain-Centered Teams: Utilizes specialized teams focused on specific industry domains to address client challenges. • Technology, Data, and Analytics: Employs technology, data, and analytics as core components to deliver BPM solutions. • Customer Lifecycle Solutions: Offers transformational solutions and services that span the entire customer lifecycle.