Q4 2025 Firstsource Solutions Ltd Earnings Call Transcript
Key Points
- Firstsource Solutions Ltd (BOM:532809) achieved an annualized revenue run rate of USD1 billion, reaching this milestone four quarters ahead of their aspirational goal.
- The company reported a significant year-on-year revenue growth of 29.4% in rupee terms and 24.3% in dollar terms for Q4 FY25.
- Firstsource Solutions Ltd (BOM:532809) signed five large deals in Q4, contributing to a total of 14 large deals in FY25, the highest in the company's history.
- The company added 43 new logos in FY25, including 12 strategic logos, indicating successful expansion and client acquisition.
- Firstsource Solutions Ltd (BOM:532809) was recognized among India's top 50 best workplaces for building a culture of innovation and received several industry accolades for sustainability and technology solutions.
- Despite strong revenue growth, the EBIT margin for FY25 was 11.1%, which is at the lower end of the company's guided range.
- The retail and utilities business saw a 9% quarter-on-quarter decline in constant currency terms due to seasonal softness.
- Europe experienced a 3% quarter-on-quarter decline, primarily due to seasonal softness in the UK-centric retail business.
- The company's net debt increased to INR13.2 billion as of March 31, 2025, from INR6 billion a year earlier, indicating a rise in financial leverage.
- The offshore and nearshore hires made up 80% of gross additions, which, while aligning with demand shifts, may impact revenue per employee metrics.
Ladies and gentlemen, good day, and welcome to the Firstsource Solutions Limited Q4 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. On this call, we have Mr. Ritesh Idnani, the MD and CEO; Mr. Dinesh Jain, the CFO; and Mr. Pankaj Kapoor, the Head of Strategy, Investor Relations and ESG, to provide an overview on the company's performance, followed by the question-and-answer session.
Please note that some of the matters that we'll discuss on this call include 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 consequent annual reports that are available on its website.
I now hand the conference over to Mr. Ritesh Idnani. Thank you, and over to you, sir.
Thank you, and good morning, good afternoon, good evening
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