Q2 2025 Firstsource Solutions Ltd Earnings Call Transcript
Key Points
- Firstsource Solutions Ltd (BOM:532809) reported a strong revenue growth of 25% year-on-year in INR terms and 23% in USD terms for Q2 FY25.
- The company secured three large deals in Q2, maintaining a healthy deal pipeline.
- Firstsource Solutions Ltd (BOM:532809) added 13 new logos during the quarter, the highest in the last two years.
- The acquisition of Ascensos is expected to enhance the company's footprint in the retail and e-commerce segments, adding strategic delivery capabilities.
- The company has been recognized as a Great Place to Work across four key geographies, highlighting its commitment to employee satisfaction and retention.
- The EBIT margin for Q2 was 11.1%, which is stable but includes a 30 bps impact from one-time charges related to the Ascensos acquisition.
- Organic revenue in Europe, excluding Ascensos, declined by about 4% quarter-on-quarter.
- The company faces macroeconomic uncertainties, particularly in the BFS vertical, which could impact future growth.
- The Payer segment in the Health Care vertical experienced a typical slowdown in decision-making due to the US presidential elections.
- The company's trailing 12-month attrition rate remains high at 31%, although it has decreased from previous quarters.
Ladies and gentlemen, good day, and welcome to the Firstsource Solutions Limited Q2 FY25 conference call. (Operator Instructions) Please note that this conference is being recorded. On this call, we have Mr. Ritesh Idnani, MD and CEO; Mr. Dinesh Jain, CFO; and Mr. Pankaj Kapoor, Head of Strategy, Investor Relations and ESG, to provide an overview on company's performance followed by Q&A.
Please note that some of the matters that we will discuss on this call, including the company's business outlook are forward-looking and as such, are subject to known and unknown risks. These uncertainties and risks are included, but not limited to what the company has mentioned in its prospectus filed with SEBI and subsequent annual reports that are available on the website.
I now hand the conference over to Mr. Ritesh Idnani. Thank you, and over to you, sir.
Hello, everybody. Thank you for joining us today to discuss our financial results for the second
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