Firstsource Solutions Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Firstsource Solutions has approved the grant of 118,000 stock options (each option exercisable into one equity share) to the eligible employees of the Company and its subsidiaries under Firstsource Solutions Limited Employee Stock Option Plan 2019.

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Revenue from operations jumped 8.34% QoQ to Rs 1,932.61 crore in Q1 FY25.

Year on year (YoY) basis, the company’s consolidated net profit and revenue jumped 9.26% and 25.35% in Q2 FY25.

Profit before tax (PBT) rose 10.84% YoY to Rs 171.02 crore in Q2 FY25.

EBITDA stood at Rs 287.3 crore during the quarter as compared with Rs 269.9 crore recorded in corresponding quarter last year. EBITDA margin reduced to 14.9% in Q2 FY25 as against 15.1% in Q1 FY24.

In dollar terms, the revenue stood at $ 230 million, registering the growth of 23.4% YoY. On constant currency terms, revenue grew by 6.9% QoQ and 22.7% YoY.

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

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 9.26% to Rs 138.22 crore in the quarter ended September 2024 as against Rs 126.51 crore during the previous quarter ended September 2023. Sales rose 25.35% to Rs 1932.61 crore in the quarter ended September 2024 as against Rs 1541.71 crore during the previous quarter ended September 2023.

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Firstsource Solutions today announced that it has been positioned as a 'Leader' in Everest Group's inaugural Healthcare Payer Business Process as a Service (BPaaS) - Solutions PEAK Matrix® Assessment 2024. This recognition highlights Firstsource's commitment to delivering tech-enabled solutions that help healthcare payers drive efficiency, reduce costs, and enhance member experiences.

This report shares insights into key industry shifts driving demand for pay-as-you-go, integrated platform and operations commonly known as BPaaS, Everest Group evaluated Payer BPaaS service providers to measure their market impact, vision, and capabilities. Among the 14 organizations assessed, Firstsource was highlighted as one of only three other companies in the top category of 'Leader.' Everest Group noted Firstsource's robust partnership ecosystem of integrators, analytics, cloud and automation providers, as well as the company's modular go-to-market strategy that offers both one-off and specific solutions alongside more holistic support. The company also received recognition for its strong client relations and support, and investment in digital tools, accelerators, AI, and process mining solutions aimed at streamlining operations and improve decision-making.

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