Q2 2026 Firstsource Solutions Ltd Earnings Call Transcript

Nov 4, 2025 / 11:30 AM GMT

Release Date Price: ₹352.55 (-0.51%)

Transcript

Key Points

Positve

Firstsource Solutions Ltd (BOM:532809) reported its sixth consecutive quarter of double-digit year-on-year revenue growth, with a 20.1% increase in INR terms.
The company achieved a fourth straight quarter of margin expansion, with an EBIT margin of 11.5%, up 70 basis points year-on-year.
Firstsource Solutions Ltd (BOM:532809) signed four large deals in Q2, expanding its footprint in the UK and North America.
The company's deal pipeline crossed a billion dollars for the first time, indicating strong future growth potential.
The company added 10 new logos, including 4 strategic ones, showing successful client acquisition and expansion efforts.

Negative

The European market remains soft, with muted economic growth and higher labor costs impacting performance.
There was a decline in the number of clients in the $20 million-plus revenue bucket, from 11 to 9, due to various factors including currency movements and business shifts.
The company's diverse portfolio, particularly in the UK, is experiencing sluggish demand, affecting growth prospects.
Regulatory delays are impacting the ramp-up of certain deals, such as the healthcare BAS deal, which affects revenue realization timelines.
The company reported an impairment charge related to an acquisition, indicating challenges in achieving anticipated revenue synergies.

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

FISO.NS - Firstsource Solutions Ltd
Q2 2026 Firstsource Solutions Ltd Earnings Call
Nov 04, 2025 / 11:30AM 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 First Source Solutions Limited, Q2 FA 26 earnings conference call.

As a reminder, all participant clients will win the lesson only mode, and there was 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 your touchstone phone.

Please note that this conference is being recorded.

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

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

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