Firstsource Solutions Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Firstsource Solutions has announced a board meeting on April 28, 2025, to discuss the financial results for the quarter and half-year. Q4 revenue jumped 29.4% YoY to INR 2160 Cr (US$250 million), with EBIT margin at 11.2% and PAT at INR 160 Cr. FY25 revenue rose 25.9% in rupees, PAT grew 15.5%. Growth was broad-based, led by healthcare (30% YoY), BFS, and tech sectors. The pipeline includes 14 large deals, including a US$50 million+ healthcare BPaaS contract. FY26 guidance targets 12–15% revenue growth (constant currency) and margin expansion to 11.25–12%. Management highlighted AI and automation (UnBPO™) as key growth drivers. Operating cash flow conversion is ~65%, net debt rose to INR 1320 Cr due to investments, with focus on cash flow-led reduction. Tone is confident, focusing on sustained growth and tech-enabled transformation.