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Firstsource Solutions Reports Strong Q1FY26 Results with 23.8% Revenue Growth

Firstsource Solutions Limited reported robust Q1 FY2026 results with revenue reaching ₹22,177 million (US$259 million), a 23.8% year-over-year growth. EBIT grew 26.8% to ₹2,498 million, and Profit After Tax increased 25.2% to ₹1,693 million. The company added 17 new clients, secured four large deals, and continued investing in AI capabilities. Firstsource maintained its revenue growth guidance at 13-15% in constant currency terms for the full year.

25Jul 25

Firstsource Solutions Expands Middle East Presence with New Dubai Subsidiary

Firstsource Solutions Limited has incorporated a new wholly-owned subsidiary, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., in Dubai, UAE. The subsidiary, established on July 25, 2025, has an authorized capital of 300 shares at AED 1000 per share. This strategic move aims to expand Firstsource's BPO business in Dubai and the UAE market. The new entity is yet to commence operations and currently reports no turnover. Firstsource has informed the relevant stock exchanges about this development in compliance with SEBI regulations.

25Jul 25

Firstsource Solutions Expands Middle East Presence with New Dubai Subsidiary

Firstsource Solutions Limited has incorporated a new wholly owned subsidiary, FIRSTSOURCE MIDDLE EAST SERVICES L.L.C., in Dubai, UAE. The subsidiary has an authorized capital of 300 shares at AED 1,000.00 per share, with Firstsource holding 100% shareholding. This strategic move aims to expand Firstsource's BPO operations in the Middle East region. The subsidiary, which will operate in the IT (BPO) sector, has not yet commenced business operations or generated any turnover.

18Jul 25

Firstsource Solutions Expands UK Presence with Acquisition of Pastdue Credit Solutions

Firstsource Solutions Limited has signed an agreement to acquire Pastdue Credit Solutions, a UK-based debt collection agency. The acquisition, subject to FCA approval, aims to strengthen Firstsource's position in the UK market, particularly in utilities, telecom, and public sector segments. Pastdue Credit Solutions, founded in 2005, provides white-label, early arrears, and debt collections services to major banks, utility providers, and government bodies. The UK collections market opportunity is estimated at over £1.9 billion. Pastdue Credit Solutions has shown strong financial performance, with a turnover of £16.90 million and operating profit of £3.40 million for the 2023-2024 financial year.

29Apr 25

Firstsource Solutions Reports Strong Q4 and FY2025 Results, Achieves $1 Billion Annualized Revenue Run-Rate

Firstsource Solutions Limited reported robust financial results for Q4 and FY2025. Q4 revenue increased 29.4% YoY to ₹21,615 million, with PAT growing 22.6% to ₹1,607 million. FY2025 revenue rose 25.9% to ₹79,803 million, with PAT up 21.7% to ₹5,945 million. The company reached a $1 billion annualized revenue run-rate, secured 14 large deals in FY2025, and added 43 new logos. Firstsource launched UnBPO™ and Agentic AI Studio, enhancing its service offerings. For FY2026, the company projects 12-15% revenue growth and operating margins of 11.25-12%.

28Apr 25

Firstsource Solutions Achieves $1 Billion Annualized Revenue Run-Rate, Projects Strong Growth for FY26

Firstsource Solutions Limited reported robust financial results for Q4 and FY25. Q4 revenue increased 29.4% YoY to ₹21,615 million, with PAT up 22.6%. FY25 revenue grew 25.9% to ₹79,803 million. The company secured five large deals in Q4, totaling 14 for FY25. Firstsource achieved a $1 billion annualized revenue run-rate and projects 12-15% constant currency revenue growth for FY26. Strategic initiatives include launching UnBPO™ and Agentic AI Studio, focusing on AI-driven innovation.

28Apr 25

Firstsource Solutions Achieves $1 Billion Revenue Milestone, Posts Strong Q4 Growth

Firstsource Solutions reported strong financial results for Q4 and FY25. Q4 revenue increased 29.4% YoY to ₹21,680 million. FY25 revenue crossed $1 billion, reaching ₹79,803 million, up 25.9% from the previous year. The company secured five large deals in Q4, bringing the total to 14 for FY25. Firstsource launched its UnBPO™ approach and Agentic AI Studio for innovation. For FY26, the company projects 12-15% revenue growth and operating margins of 11.25-12%.

10Mar 25

Firstsource Solutions Raises FY25 Revenue Growth Forecast, Riding on Strong Performance

Firstsource Solutions Limited has revised its FY25 constant currency revenue growth forecast from 19.5-20.5% to 21.8-22.3%. This follows strong Q3 FY25 results with revenue of ₹21,024 million, up 31.7% year-over-year. The company's growth is driven by strategic deal wins, diversified revenue streams across sectors, geographic expansion, and AI-driven innovation. Firstsource added 13 new logos in Q3 FY25 and maintains a robust client base. The company has kept its EBIT margin outlook at 11-11.5% for FY25, balancing growth with profitability.

07Mar 25

Firstsource Solutions Unveils Agentic AI Studio: A Leap Towards the Future of Work

Firstsource Solutions Limited has introduced its Agentic AI Studio, a platform designed to revolutionize work processes. The studio breaks down human tasks into AI-driven agent roles, offering a comprehensive repository of prebuilt AI models and workflows. It features four core modules: Xplore, Evaluate, Weave, and Monitor. This launch aligns with Firstsource's UnBPO™ strategy, aiming to integrate AI into operations and redefine traditional work roles. The platform is designed to be AI model family-agnostic, ensuring adaptability to future technologies.

06Mar 25

Firstsource Solutions Unveils Agentic AI Studio, Revolutionizing the Future of Work

Firstsource Solutions Limited has introduced its Agentic AI Studio, part of the relAI suite of AI-powered platforms. This innovative platform breaks down human work into specialized tasks executed by AI-driven agents, aiming to enhance efficiency in business processes. The studio features four modules: Xplore, Evaluate, Weave, and Monitor, aligning with Firstsource's UnBPO™ initiative to integrate AI into operations and reimagine key aspects of work. The platform is designed to be AI model family-agnostic, offering flexibility for enterprises to adapt to evolving technologies.

04Mar 25

Firstsource Solutions Expands in Australia with New HQ and AI Innovation Lab

Firstsource Solutions Ltd has opened a new ANZ headquarters in Melbourne, Victoria, along with an AI Innovation Lab. The expansion aligns with Victoria's economic growth strategy and is expected to create over 400 jobs in Australia and New Zealand over five years. The AI Lab will showcase Firstsource's relAI suite, conduct research, collaborate with universities, and promote responsible AI adoption. This move strengthens Firstsource's presence in the ANZ market and supports its UnBPO™ strategy of AI-led transformation.