# FSL (FSL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/fsl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹273.45
- Change: +0.13%
- As of: 2026-09-18
- 1D return: +0.13%
- 5D return: +8.79%
- 1M return: +0.44%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, FSL is trading at ₹273.45. The daily technical stance indicates a bullish trend, with the price trading above key moving averages (EMA 20, EMA 50, SMA 20, SMA 200, SMA 50) and the Supertrend indicator. This is supported by a bullish Supertrend direction on the weekly timeframe, where the price also remains above the Supertrend. However, the monthly timeframe shows a mixed picture, with the price trading below the EMA 20 and SMA 20, although the Supertrend direction is bullish. Recent activity includes an extreme downward gap on September 16, 2026, following a significant upward price and volume move on September 15, 2026. The stock's current position is near the ₹273.50 pivot resistance level, with immediate support identified around ₹273.07.

The stock exhibits a current drawdown of -0.33 and has experienced a maximum drawdown of -0.5. Annualized volatility stands at 0.47. The nearest resistance is at ₹273.50, followed by ₹276.00. Key support levels are ₹273.07 and ₹270.60. Investors should monitor the price action around these levels, as well as the potential for further volatility following recent anomalous trading days.

- Current price as of September 18, 2026: ₹273.45.
- Daily and weekly timeframes show a bullish trend, with prices above key moving averages and Supertrend.
- Monthly timeframe presents a mixed signal, with prices below short-term moving averages.
- Nearest resistance level observed at ₹273.50 (pivot).
- Nearest support level observed at ₹273.07 (low).

- Inside Bar
- Doji
- Shooting Star

### News Context

Firstsource Solutions (FSL) experienced a significant share price increase of nearly 18% on September 15, 2026, following a seven-day period of declines. This rebound coincided with a broader recovery in Indian IT stocks, which collectively rose over 4%. Analysts attributed this positive movement to potential benefits from advancements in Artificial Intelligence (AI) for traditional software companies, suggesting that AI developments may be providing greater clarity for technology investments amid a strong global tech market.

Separately, on September 17, 2026, a report highlighted fresh target prices for several top Indian IT stocks, including FSL, alongside peers like TCS, Infosys, and Wipro. This indicates ongoing analyst coverage and valuation assessments within the sector.

- Firstsource Solutions shares rose nearly 18% on September 15, 2026, after a seven-day losing streak.
- The share price jump occurred as Indian IT stocks rebounded by over 4% on the same day.
- Analysts suggested that AI development pace may benefit traditional software firms, offering clarity on tech investments.
- A report on September 17, 2026, included Firstsource Solutions among top IT stocks with fresh target prices.

- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Firstsource Solutions share price jumps 18% after 7-day losing streak | What triggered the comeback?
- Volumes soar at Zensar Technologies Ltd counter

### What Changed

As of the observation date September 18, 2026, Firstsource Solutions (FSL) on the NSE experienced a slight increase in its stock price, moving from ₹273.1 to ₹273.45. The available evidence does not indicate any new filings or news developments for the company. The technical indicators for daily and weekly trends were not available for comparison.

- On September 18, 2026, the stock price of Firstsource Solutions was ₹273.45, a marginal increase from its previous price of ₹273.1.
- No new filings or news were reported for Firstsource Solutions as of September 18, 2026.

### Official Filings

Firstsource Solutions Limited has reported multiple allotments of equity shares under its Employee Stock Option Plan (ESOP) during August and September 2026. These allotments, totaling 797,654 shares across several dates, were made pursuant to the exercise of options by employees and approved by the Trustees of the Firstsource Employee Benefit Trust. While these issuances increase the total number of shares, 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 these allotments, indicating the shares were issued from existing authorized capital. Separately, a promoter of the company disposed of a cumulative total of 257,010 shares across multiple transactions between August 25 and August 28, 2026, reducing their shareholding from 0.0078% to 0.0074%. The company also announced its participation in several analyst and institutional investor meetings scheduled from September 11 to September 23, 2026, with an assurance to reiterate only publicly available information.

- On September 9, 2026, 67,968 equity shares were allotted under the ESOP 2019 Plan.
- Between August 19 and September 9, 2026, a total of 797,654 equity shares were allotted under the ESOP/ESPS plan.
- The company's paid-up share capital remained constant at INR 6,969,908,260 with 696,990,826 shares throughout these ESOP allotments.
- A promoter disposed of 257,010 shares between August 25 and August 28, 2026.
- Firstsource Solutions Ltd scheduled investor meetings from September 11 to September 23, 2026, to discuss publicly available information.

- Firstsource Solutions Limited has informed the Exchange regarding Allotment of 67968 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Firstsource Solutions Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Firstsource Solutions Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- FSL|Firstsource Solutions Limited|Original|Regulation 7 (2)|IT_2535_WebXMLFile_20260831_155116361.xml|IT_2535_20260831_155116399_WEB.html|13723|41194|-
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of 269883 Shares. |SUBJECT: ESOP/ESOS/ESPS
- FSL|Firstsource Solutions Limited|Original|Regulation 7 (2)|IT_2535_WebXMLFile_20260825_160526813.xml|IT_2535_20260825_160526850_WEB.html|8017|28591|-
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of 127883 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL

### Fundamentals

Firstsource Solutions (FSL) reported a sequential increase in revenue from operations for the first quarter of fiscal year 2027 (Q1 FY27), reaching ₹2,724.88 crore. This follows a trend of growth from ₹2,443.08 crore in Q3 FY26 to ₹2,583.45 crore in Q4 FY26. While revenue has grown, the company's profit for the period showed a sequential decline in Q1 FY27, falling to ₹165.92 crore from ₹205.25 crore in Q4 FY26. This dip in profitability occurred despite a rise in revenue, suggesting a potential increase in expenses or a change in the revenue mix. Expenses also rose sequentially to ₹2,439.96 crore in Q1 FY27 from ₹2,321.14 crore in Q4 FY26. Finance costs remained relatively stable, with Q1 FY27 at ₹51.75 crore compared to ₹52.02 crore in Q4 FY26.

The company's operating trajectory shows consistent revenue growth over the reported periods. However, the decline in profit for the latest quarter warrants attention. Investors may want to monitor the factors contributing to the sequential decrease in profit despite revenue growth, such as changes in operating expenses or other income/expense items. The tax expense has also seen a slight increase in Q1 FY27 compared to the previous quarter.

- Revenue from operations increased sequentially to ₹2,724.88 crore in Q1 FY27 from ₹2,583.45 crore in Q4 FY26.
- Profit Loss For Period decreased sequentially to ₹165.92 crore in Q1 FY27 from ₹205.25 crore in Q4 FY26.
- Expenses increased sequentially to ₹2,439.96 crore in Q1 FY27 from ₹2,321.14 crore in Q4 FY26.
- Finance Costs were ₹51.75 crore in Q1 FY27, compared to ₹52.02 crore in Q4 FY26.
- Tax Expense was ₹53.42 crore in Q1 FY27, compared to ₹55.36 crore in Q4 FY26.

### Bull Case

Firstsource Solutions experienced a notable share price increase of nearly 18% on September 15, following a seven-day decline. This rebound coincided with a broader recovery in Indian IT stocks. Analysts have suggested that advancements in Artificial Intelligence may create opportunities for traditional software companies, potentially offering more clarity on technology investments amidst global strength in the tech sector. Technical indicators show a bullish trend on the daily and weekly timeframes, with the Supertrend indicator suggesting a bullish direction. The stock is trading above its 20-day and 50-day Exponential Moving Averages (EMAs) on a daily basis, with positive slopes observed in these averages.

- Firstsource Solutions shares rose approximately 18% on September 15, 2026.
- The stock's price movement occurred within a broader rebound of Indian IT stocks.
- Daily and weekly technical trends indicate a bullish Supertrend direction.
- On a daily basis, the stock's closing price is above its 20-day EMA (268.3) and 50-day EMA (267.64) as of September 18, 2026.

- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Firstsource Solutions share price jumps 18% after 7-day losing streak | What triggered the comeback?
- Volumes soar at Zensar Technologies Ltd counter

### Bear Case

Firstsource Solutions (FSL) has experienced significant share price volatility, including an 18% jump on September 15, 2026, following a seven-day losing streak. While this rebound was attributed by analysts to potential benefits from AI development and a broader tech stock rally, the company's longer-term performance shows a notable decline. Over the past year, the stock has returned -27%, and since the start of trading, it has returned -29%. The company's annualized volatility stands at 47%, with a maximum drawdown of -50% and a current drawdown of -33%, indicating a history of substantial price swings and potential for significant value erosion.

- The stock has a one-year return of -27% as of September 18, 2026.
- The cumulative return since the start of trading is -29%.
- The annualized volatility is 47%, with a maximum drawdown of -50% observed.
- The current drawdown as of September 18, 2026, is -33%.

- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Firstsource Solutions share price jumps 18% after 7-day losing streak | What triggered the comeback?
- Volumes soar at Zensar Technologies Ltd counter

### FAQs

**What recent news has impacted Firstsource Solutions' share price?**

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.

**What were the recent share transactions by a promoter of Firstsource Solutions?**

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.

**What corporate actions related to employee stock options have occurred recently?**

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.

**What investor engagement activities has Firstsource Solutions scheduled?**

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.

- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Firstsource Solutions share price jumps 18% after 7-day losing streak | What triggered the comeback?
- Volumes soar at Zensar Technologies Ltd counter
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of 67968 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Firstsource Solutions Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Firstsource Solutions Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Firstsource Solutions Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- FSL|Firstsource Solutions Limited|Original|Regulation 7 (2)|IT_2535_WebXMLFile_20260831_155116361.xml|IT_2535_20260831_155116399_WEB.html|13723|41194|-
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹273.5
- Risk regime: Higher Price Risk

### Support levels
- 273.066875
- 258.5
- 225.1

### Resistance levels
- 280.07500000000005
- 292
- 362.3125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.13% |
| return_10 | +3.07% |
| return_1m | +3.64% |
| return_1y | -26.99% |
| return_20 | +0.44% |
| return_3m | +13.94% |
| return_5 | +8.79% |
| return_6m | +20.09% |
| return_since_start | -28.78% |
| return_ytd | -18.13% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -49.75% |
| annualized_volatility | +46.99% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Momentum Continues While Reported Profit Steps Back

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 Growth Continues

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.

## Profitability Pressured by Non-Operating Items

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.

## Higher Tax Rate Reduces Net Profit

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.

## Management Commentary

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_18092026174410_Intimation_for_ESG_rating_-_Nichesigned.pdf)
- 2026-09-09 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_09092026161854_Reg30ESOS2003ESOP2019_9th_September_2026signed.pdf)
- 2026-09-09 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2535_WebXMLFile_20260909_162040317.xml)
- 2026-09-04 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_04092026173637_Investor_Meet-_Sep_2026signed.pdf)
- 2026-09-04 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2535_WebXMLFile_20260904_173839554.xml)
- 2026-08-31 — Official Filing: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_2535_WebXMLFile_20260831_155116361.xml)
- 2026-08-28 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2535_WebXMLFile_20260828_175952231.xml)
- 2026-08-28 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_28082026175858_Reg30ESOS2003ESOP2019_28th_August_2026signed.pdf)
- 2026-08-25 — Official Filing: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_2535_WebXMLFile_20260825_160526813.xml)
- 2026-08-19 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_19082026184200_Reg30ESOS2003ESOP2019_19th_August_2026.pdf)
- 2026-08-19 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2535_WebXMLFile_20260819_184301572.xml)
- 2026-08-18 — Official Filing: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_2535_WebXMLFile_20260818_153730259.xml)
- 2026-08-12 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_12082026172520_Reg30ESOS2003ESOP2019_12th_August_2026signed.pdf)
- 2026-08-12 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2535_WebXMLFile_20260812_172711812.xml)
- 2026-08-11 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_11082026182520_SEEarningTranscriptQ1FY27signed.pdf)
- 2026-08-11 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2535_WebXMLFile_20260811_184320886.xml)
- 2026-08-11 — Press Release: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_11082026155032_PressRelease_Firstsource_and_Crestasigned.pdf)
- 2026-08-10 — Generic Announcement: Firstsource Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_10082026154842_NewspaperPublicationFinancialssigned1.pdf)
- 2026-08-07 — Official Filing: Firstsource Solutions Limited held its 25th Annual General Meeting on August 6, 2026, where all four resolutions were passed with the requisite majority. These resolutions included the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, confirmation of interim dividend payment, the appointment of a director retiring by rotation, and the continuation of a non-executive director's office. The voting results and the scrutinizer's report were submitted on August 7, 2026.
- 2026-08-06 — Generic Announcement: Firstsource Solutions Limited announced that the audio recording of the earnings conference call for the quarter ended June 30, 2026, is now available. The company's Board approved the Audited Standalone and Consolidated Financial Results for the same quarter during a meeting held on August 6, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_06082026184643_Audiorecordingofearningsconferencecallheldon6thAugust2026signed.pdf)
- 2026-08-06 — Earnings Presentation: Firstsource Solutions Limited will hold a conference call on August 6, 2026, at 4:00 PM IST to discuss the financial results for the quarter ended June 30, 2026. The company has provided a presentation for this call to analysts and investors. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_06082026125920_Investor_Presentationsigned1.pdf)
- 2026-08-06 — Generic Announcement: Firstsource Solutions Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter ended June 30, 2026, on August 6, 2026. The company reported revenues of ₹27,249 million, a 22.9% year-over-year increase, and an EBIT of ₹3,367 million. Exceptional charges of ₹716.86 million were recognized, primarily related to contract termination, indemnification of regulatory penalty, and fair value adjustment on contingent consideration. The company reiterated its FY27 constant currency revenue growth guidance of 10%-13% and an EBIT margin of 12.25%-12.75%. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_06082026124838_OutcomeofBoardMeetingsigned1.pdf)
- 2026-08-06 — Generic Announcement: The 25th Annual General Meeting of Firstsource Solutions Limited was held on August 6, 2026, via video conference. Businesses transacted included the adoption of audited financial statements for the year ended March 31, 2026, confirmation of an interim dividend of 55% (Rs. 5.50 per share), and the re-appointment of Mr. Pradip Kumar Khaitan as a Non-Executive, Non-Independent Director. Voting on all resolutions was conducted through remote e-voting and during the meeting, with results to be submitted to the stock exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_06082026183620_25th_AGM_Proceedings_-_6th_August_2026signed.pdf)
- 2026-08-06 — Earnings Presentation: Firstsource Solutions Limited will hold a conference call on August 6, 2026, at 4:00 PM IST to discuss financial results for the quarter ended June 30, 2026. The company reported revenue of ₹27,249 Million (US$288 Million) for Q1FY27, a 22.9% year-over-year increase. Profit After Tax was ₹3,367 Million, with Earnings Per Share at ₹2.36. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_06082026125803_Earning_presentationsigned1.pdf)
- 2026-08-05 — Generic Announcement: On August 5, 2026, Firstsource Solutions Limited's Nomination and Remuneration Committee approved the grant of 550,000 stock options to eligible employees under the Firstsource Solutions Limited Employee Stock Option Plan 2019. Each option is exercisable into one equity share. — [Official attachment](https://nsearchives.nseindia.com/corporate/FSL_05082026165614_IntimationofESOPGrant.pdf)

## News and market events

- 2026-09-17 — BUSINESSTODAY: **TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks** — IT stocks, IT stocks to buy, IT stocks target prices, which IT stocks to buy, IT stocks to sell, Which IT stocks should I sell,, Tata Consultancy Services, Firstsource Solutions, Birlasoft, Coforge, HCL Tech, LTM, Persistent Systems, TCS, Eclerx, Infosys, Mphasis, Tech Mahindra, Wipro, Zensar Technologies, Firstsource target price, Birlasoft target price, Coforge target price, HCL Tech target price target price, LTM target price, Persistent Systems target price, TCS target price, Eclerx target price, Infosys target price, Mphasis target price, TechM target price, Wipro target price, Zensar Tech target price — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-hcl-tech-wipro-ltm-fsol-birlasoft-coforge-fresh-target-prices-for-top-it-stocks-556193-2026-09-17)
- 2026-09-15 — Mint: **Firstsource Solutions share price jumps 18% after 7-day losing streak | What triggered the comeback?** — 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. — [Source](https://www.livemint.com/market/stock-market-news/firstsource-solutions-share-price-jumps-18-after-7-day-losing-streak-what-triggered-the-comeback-11789452706679.html)
- 2026-09-15 — BUSINESS: **Volumes soar at Zensar Technologies Ltd counter** — Zensar Technologies Ltd clocked volume of 15.01 lakh shares by 10:45 IST on BSE, a 30.22 times surge over two-week average daily volume of 49666 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-soar-at-zensar-technologies-ltd-counter-126091500281_1.html)
- 2026-08-06 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,650; Trent slips 2.50% after results** — Sensex Today | Stock Market LIVE Updates: We are the halfway mark, and the market contiue to remain largely flat. The markets are once again moving on a cautious note, with the Nifty trading flat around the 24,600 mark. The Nifty Bank is also in the same state, trying to scale the 58,000 mark. Titan, Reliance and Eternal are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hdfc-bank-aurobindo-cummins-biocon-pb-fintech-lic-trent-share-price-liveblog-19962846.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Aegis Logistics pares initial gains; Firstsource profit down 19%** — 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. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-07-29 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty IT surges over 800 points; Infosys, Coforge top gainers** — 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. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hul-asian-paints-adani-oil-lt-grse-it-dmart-share-price-liveblog-19956206.htm)
- 2026-07-14 — The Hindu: **Stock to buy today: Firstsource Solutions (₹265) – BUY** — 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 — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-firstsource-solutions-265-buy/article71217150.ece)

## Business profile

**Strategic vision:** Global business process management services provider.

### Business segments
- **Customer Management:** Services encompass customer management, including contact center operations, transaction processing, and debt collection.
- **Healthcare Revenue Cycle Management:** Within the healthcare industry, Firstsource also provides revenue cycle management services.

### Competitive strengths
- Global operational footprint across multiple countries.
- Specialized BPM partner leveraging domain expertise and technology.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/fsl
Markdown representation: https://faxioms.com/stocks/fsl?render=md