Q1 2026 Firstsource Solutions Ltd Earnings Call Transcript

Jul 30, 2025 / 10:30 AM GMT

Release Date Price: ₹334.05 (+1.23%)

Transcript

Key Points

Positve

Firstsource Solutions Ltd (BOM:532809) reported a strong revenue growth of 23.8% year on year in INR terms and 20.7% in USD terms.
The company signed four large deals in Q1, with a significant increase in the average deal size from new logos by 16% over the last four quarters.
Firstsource Solutions Ltd (BOM:532809) added 17 new logos in Q1, marking the highest addition in a quarter over the last three years.
The company achieved a trailing 12-month attrition rate decline to 28.9%, a 13% point decline over the last eight quarters.
Firstsource Solutions Ltd (BOM:532809) was recognized among India's TOP100 best companies to work for in 2025 and ranked among the TOP25 BPS companies globally by Everest Group.

Negative

The company's Europe revenue declined by 7% quarter on quarter due to seasonal softness in the UK-centric utilities business.
Firstsource Solutions Ltd (BOM:532809) experienced a decline in headcount by 156 associates compared to the last quarter.
The banking and financial services vertical was flat quarter on quarter, with only a 7% year-on-year growth in constant currency terms.
The company's diverse portfolio, including retail and utilities, saw a 3% quarter-on-quarter decline in constant currency terms.
The healthcare vertical, despite being a strong growth area, faces regulatory and cost headwinds, impacting client decision-making and deal ramp-ups.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FISO.NS - Firstsource Solutions Ltd
Q1 2026 Firstsource Solutions Ltd Earnings Call
Jul 30, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the First Source Solutions Limited Q1 F 526 earnings conference call. As a reminder, all participant nights will be in the less only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on a touchtone phone. Please note that this conference is being recorded.

On this call we have Mr. Ritesh Adnani, MD and CEO, and Mr. Dinesh Chan, CFO, to provide an overview on company's performance followed by Q&A.

Please note that some of these matters that we discussed on this call, including the company's business outlook, are

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