Firstsource Solutions Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Firstsource Solutions has allotted 9,29,895 equity shares under ESOS on 12 August 2024.

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Jubilant Pharmova Ltd, PCBL Ltd, Sunflag Iron & Steel Company Ltd and Adani Energy Solutions Ltd are among the other gainers in the BSE's 'A' group today, 01 August 2024.

Firstsource Solutions Ltd spiked 10.25% to Rs 301.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.67 lakh shares were traded on the counter so far as against the average daily volumes of 2.66 lakh shares in the past one month.

Jubilant Pharmova Ltd surged 9.37% to Rs 846.6. The stock was the second biggest gainer in 'A' group. On the BSE, 1.69 lakh shares were traded on the counter so far as against the average daily volumes of 90476 shares in the past one month.

PCBL Ltd soared 7.68% to Rs 350. The stock was the third biggest gainer in 'A' group. On the BSE, 7.36 lakh shares were traded on the counter so far as against the average daily volumes of 3.51 lakh shares in the past one month.

Sunflag Iron & Steel Company Ltd rose 7.54% to Rs 271.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 75621 shares were traded on the counter so far as against the average daily volumes of 82303 shares in the past one month.

Adani Energy Solutions Ltd added 6.97% to Rs 1216.85. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past one month.

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Revenue from operations jumped 6.86% QoQ to Rs 1,783.87 crore in Q1 FY25.

Year on year (YoY) basis, the company’s consolidated net profit and revenue jumped 7.4% and 17.1% in Q1 FY25.

Profit before tax (PBT) rose 7.7% YoY to Rs 167.25 crore in Q1 FY25.

EBITDA stood at Rs 2,699 crore during the quarter as compared with Rs 2,402 crore recorded in corresponding quarter last year. EBITDA margin reduced to 15.1% in Q1 FY25 as against 15.7% in Q1 FY24.

In dollar terms, the revenue stood at $ 215 million, registering the growth of 17.1% YoY. On constant currency terms, revenue grew by 6.5% QoQ and 14.8% YoY.

On outlook front, the company expects constant currency revenue growth of 11.5 -13.5% and EBIT margin at 11-12% in FY25.

Sanjiv Goenka, Chairman ,RPSG Group and Firstsource Solutions, commented, The first quarter of FY25 has showcased our unwavering commitment to innovation, client‐centric solutions, and strategic growth. Our industry‐leading revenue growth significant deal wins, and robust pipeline reflect the efficacy of our diversified portfolio and the resilience of our team. We continue to leverage our deep industry and functional expertise, and our technology ecosystem partnerships to enhance our role in our clients' process transformation agendas.”

Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company.

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Net profit of Firstsource Solutions rose 7.35% to Rs 135.25 crore in the quarter ended June 2024 as against Rs 125.99 crore during the previous quarter ended June 2023. Sales rose 16.85% to Rs 1783.87 crore in the quarter ended June 2024 as against Rs 1526.69 crore during the previous quarter ended June 2023.

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