Firstsource Solutions

Firstsource delivered a strong Q4Current 4. Reported change: Flat QoQ. FY26, with revenue of ₹25.8BCurrent reported value: ₹25.8B. No comparable prior figure is available in the source record. (up 19.5% YoYCurrent reported value: 19.5% YoY. No comparable prior figure is available in the source record.) and PAT of ₹2.1BCurrent reported value: ₹2.1B. No comparable prior figure is available in the source record. (up 27.7% YoYCurrent reported value: 27.7% YoY. No comparable prior figure is available in the source record.). EBIT margin expanded 100bps YoY to 12.2%Current reported value: 12.2%. No comparable prior figure is available in the source record., the sixth consecutive quarter of expansion. Growth was driven by broad-based momentum across BFS (9% YoY CC) and healthcare (16% YoY CC), partially offset by softness in CMT and a delayed UK collections deal ramp. The company signed four large deals in Q4 and 17Current reported value: 17. No comparable prior figure is available in the source record. in FY26, with the deal pipeline at an all-time high above $1B. Management guided FY27 constant currency revenue growth of 10-13%Current reported value: 10-13%. No comparable prior figure is available in the source record. and EBIT margin of 12.25-12.75%. Key risk: AI-driven productivity could compress revenue per client if outcome-based pricing scales slower than expected.