Firstsource Solutions (NSE:FSL) EBIT: ₹10,313 Mil (TTM As of Mar. 2026)


NSE:FSL Firstsource Solutions Ltd NSE:FSL
81 GF Score
Price ₹244.00
GF Value ₹370.89
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Firstsource Solutions EBIT?

Firstsource Solutions NSE:FSL +0.68% 81 EBIT is ₹10,313 Mil as of Mar. 2026. GuruFocus rates NSE:FSL with a GF Score™ of 81/100 and a GF Value™ of ₹370.89 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Firstsource Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹3,126 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹10,313 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Firstsource Solutions's annualized ROC % for the quarter that ended in Mar. 2026 was 10.45%. Firstsource Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 91.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Firstsource Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.31%.


Firstsource Solutions  (NSE:FSL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Firstsource Solutions's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=12573.2 * ( 1 - 21.24% )/( (0 + 94783.32)/ 1 )
=9902.65232/94783.32
=10.45 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=93200.39 - 5579.33 - ( 3429.77 - max(0, 34785.2 - 27622.94+3429.77))
=94783.32

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Firstsource Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12504.88/( ( (0 + max(0, 0)) + (11960.86 + max(1722.82, 0)) )/ 1 )
=12504.88/( ( 0 + 13683.68 )/ 1 )
=12504.88/13683.68
=91.39 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13093.86 + 0 + 3407.28) - (5579.33 + 0 + 9198.99)
=1722.82

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Firstsource Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=10313.09/194180.155
=5.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Firstsource Solutions EBIT Related Terms


Firstsource Solutions EBIT Historical Data

* Premium members only.

The historical data trend for Firstsource Solutions's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Firstsource Solutions EBIT Chart

Firstsource Solutions Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,110.40 6,941.85 7,330.60 8,885.27 10,313.09

Firstsource Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,443.37 2,566.66 2,670.94 1,949.27 3,126.22

NSE:FSL vs IBM, ACN, FISV: EBIT Comparison

For the Information Technology Services subindustry, Firstsource Solutions's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Firstsource Solutions EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Firstsource Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Firstsource Solutions's EV-to-EBIT falls into.


NSE:FSL
81GF Score
Firstsource Solutions Ltd NSE:FSL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Firstsource Solutions EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹10,313 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹10,313 Mil mean?
Firstsource Solutions (NSE:FSL) has a EBIT of ₹10,313 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Firstsource Solutions.
Is Firstsource Solutions' EBIT too high?
Firstsource Solutions' current EBIT is ₹10,313 Mil. Overall, Firstsource Solutions has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Firstsource Solutions' EBIT compare to IBM and ACN?
Firstsource Solutions' EBIT of ₹10,313 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Firstsource Solutions. Firstsource Solutions's current EBIT is ₹10,313 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstsource Solutions stock overvalued right now?
Based on GuruFocus' analysis, Firstsource Solutions (NSE:FSL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹370.89, compared to a current price of ₹244.00 — trading 34.2% below its estimated fair value. The current EBIT is ₹10,313 Mil. Firstsource Solutions' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Firstsource Solutions (NSE:FSL), the current EBIT is ₹10,313 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Firstsource Solutions (NSE:FSL) Overvalued in 2026?

Based on GuruFocus' analysis, Firstsource Solutions stock appears to be undervalued. The current stock price of ₹244.00 is trading 34.2% below its estimated GF Value™ of ₹370.89. GuruFocus considers Firstsource Solutions to be Significantly Undervalued.

Key valuation signals for NSE:FSL:

  • EBIT: ₹10,313 Mil
  • GF Value™: ₹370.89 vs. price of ₹244.00 (34.2% below fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the NSE:FSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Firstsource Solutions Business Description

Other Exchanges 532809:India
Address Mindspace, Link Road, 5th Floor, Paradigm ‘B’ Wing, Malad (West), Mumbai, MH, IND, 400 064
Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives a majority of its revenue from the United States of America.
81GF Score

Get the complete analysis for NSE:FSL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹244.00
Price
₹370.89
GF Value