Firstsource Solutions Limited , a leading global provider of Business Process Services (BPS), has reported robust financial performance for the first quarter of fiscal year 2026. The company's revenue reached ₹22,177 million (US$259 million), marking a significant 23.8% year-over-year growth and 19.2% constant currency growth.

Financial Highlights

• Revenue: ₹22,177 million (US$259 million), up 23.8% year-over-year
• EBIT: Grew 26.8% to ₹2,498 million with margin expansion of 30 basis points to 11.3%
• Profit After Tax: Increased 25.2% to ₹1,693 million
• Earnings Per Share: ₹2.40

Strategic Developments

• New Client Acquisitions: Firstsource added 17 new client logos during Q1, the highest quarterly addition in three years.
• Large Deal Momentum: The company secured four large deal wins in the quarter.
• AI Integration: Continued investment in AI capabilities through the Firstsource relAI™ suite.
• New Platforms: Launched new platforms including Gigsourcing and Agentic AI Studio.

Segment Performance

Firstsource Solutions operates across four main business segments:

Future Outlook

• Revenue Growth Guidance: Maintained at 13-15% in constant currency terms for the full year
• EBIT Margin Guidance: 11.25% to 12.0%

Workforce and Attrition

• Employee Strength: 34,495 at the end of Q1
• Attrition Rate: Improved to 28.9%

Firstsource Solutions continues to demonstrate strong financial performance and strategic growth, positioning itself as a key player in the global Business Process Services industry. The company's focus on AI capabilities and new platform launches, coupled with its ability to secure new clients and large deals, underscores its commitment to innovation and market leadership.

Firstsource Solutions Limited , a global provider of business process management (BPM) services, has taken a significant step in its Middle East expansion strategy by establishing a new wholly-owned subsidiary in Dubai, United Arab Emirates.

New Subsidiary Details

The company announced the incorporation of FIRSTSOURCE MIDDLE EAST SERVICES L.L.C. on July 25, 2025. This strategic move aims to strengthen Firstsource Solutions' operations in the Middle East region, potentially opening up new business opportunities and enhancing its service capabilities in the area.

Key Information About the Subsidiary

Strategic Objectives

The primary objective behind the establishment of this new subsidiary is to expand Firstsource Solutions' BPO business in Dubai and the broader UAE market. This move aligns with the company's growth strategy and its aim to capture a larger share of the Middle East's growing business process outsourcing market.

Financial and Operational Status

As a newly incorporated entity, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C. is yet to commence business operations. Consequently, it currently reports no turnover. The parent company, Firstsource Solutions Limited, will make the initial capital contribution at face value.

Regulatory Compliance

Firstsource Solutions has duly informed the National Stock Exchange of India Limited and BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This expansion into Dubai represents a strategic move for Firstsource Solutions, potentially enhancing its global footprint and service offerings in the Middle East region. As the new subsidiary begins operations, it will be interesting to see how it contributes to the company's overall growth and performance in the coming years.