Firstsource Solutions Q1 FY27 Revenue Rises 22.9%

Q1 FY27 performance sets the context

Firstsource Solutions Ltd reported revenue of ₹2,724.9 crore for the quarter ended June 30, 2026, according to its Q1 FY27 earnings presentation. Revenue increased 22.9% year-on-year on a reported basis. The company said constant-currency revenue growth was 12.3% year-on-year and 2.2% quarter-on-quarter. The quarterly result provides the latest disclosed operating baseline before the company’s scheduled Q2 FY27 update. Firstsource has also notified a conference call with institutional investors and analysts on October 29, 2026. The company had disclosed its Q1 FY27 investor presentation on August 6, 2026. Its stated FY27 guidance remains unchanged in the available presentation.

Revenue reaches ₹2,724.9 crore

The company reported Q1 FY27 revenue of ₹2,724.9 crore, equivalent to US$288 million in its presentation. The revenue figure represents a 22.9% increase from the year-earlier quarter. The headline data accompanying the results also showed quarterly revenue growth of 5.47%. Constant-currency growth is useful because it removes the impact of exchange-rate movements from comparisons. On that basis, Firstsource reported 12.3% year-on-year growth and 2.2% sequential growth. The difference between reported and constant-currency growth indicates that currency movements contributed to reported growth comparisons. The company did not provide a Q2 FY27 financial outcome in the supplied disclosures.

Operating profit margin improves

Firstsource reported EBIT of ₹336.7 crore in Q1 FY27. EBIT margin stood at 12.4%, an expansion of 110 basis points from the corresponding period a year earlier. The margin also improved by 20 basis points from the preceding quarter. The improvement came alongside the reported increase in revenue. The result is relevant because margin movement shows how much operating profit the company retained from its revenue base. The supplied financial summary separately lists gross profit of ₹336 crore, up 34.76% year-on-year and 7.11% quarter-on-quarter. However, the company’s investor presentation identifies ₹336.7 crore as EBIT, so this article uses the company’s reported classification.

Profit after tax and earnings per share

Profit after tax was ₹222.2 crore in Q1 FY27, with a PAT margin of 8.2%. The company reported PAT growth of 31.2% year-on-year and 8.3% quarter-on-quarter. Diluted earnings per share were ₹2.36. This compared with ₹2.40 in Q1 FY26 and ₹2.91 in Q4 FY26, as stated in the presentation. The supplied headline data separately shows net profit of ₹165 crore, down 19.16% quarter-on-quarter and 2.01% year-on-year. As the presentation provides a detailed company-reported PAT figure and growth rates, ₹222.2 crore is used for the Q1 FY27 PAT discussion. Investors reviewing the results should distinguish between differently labelled data points in source summaries and the company’s earnings presentation.

Four large deal wins reported

Firstsource said it secured four large deal wins during Q1 FY27. It described this as the sixth consecutive quarter with four or more large deals. The company also said its exit deal pipeline remained healthy. These statements relate to business development activity rather than booked revenue in the reported quarter. Large deal wins can be important for future delivery work, but their financial contribution depends on contract implementation and execution. The supplied disclosures do not provide the value, client names, contract durations, or start dates for these deals. Therefore, their immediate impact on revenue cannot be quantified from the available information.

FY27 guidance remains in place

The company reiterated its FY27 constant-currency revenue growth guidance of 10% to 13%. It also retained EBIT margin guidance of 12.25% to 12.75%. Q1 FY27 constant-currency revenue growth of 12.3% was within this annual guidance range. The reported Q1 EBIT margin of 12.4% was also within the guided margin band. Annual guidance is a company target and not a guarantee of future financial performance. The guidance will remain a key reference point when Firstsource releases Q2 FY27 results. No revised guidance was included in the provided October 19 filing.

Previous results show steady expansion

For FY26, Firstsource had reported revenue of ₹9,556.4 crore, up 19.7% year-on-year. Its FY26 constant-currency revenue growth was 13.6%. In Q3 FY26, revenue was ₹2,443.1 crore and profit after tax was ₹202.2 crore. Q3 FY26 EBIT margin was 11.9%, compared with 12.4% in Q1 FY27. The Q1 result therefore continued the company’s reported margin expansion from the prior-year period and from Q3 FY26. These historical figures provide context for the scale of the latest quarterly revenue and operating-profit performance. They do not indicate the yet-to-be-announced Q2 FY27 outcome.

Key Q1 FY27 financial figures

Q2 FY27 call is scheduled for October 29

Firstsource informed exchanges on October 19, 2026, that it would hold a Q2 FY27 conference call with institutional investors and analysts on Thursday, October 29. The filing is an intimation of the call and does not contain Q2 financial results. The scheduled discussion follows the end of the July-September quarter. Investors will look for reported revenue, constant-currency growth, EBIT margin, PAT, large-deal activity, and any update to FY27 guidance. Management commentary on the deal pipeline and operating margins may also provide context for the second half of the financial year. Until the company issues its results, no Q2 performance figures can be confirmed from the supplied material.

Why the update matters for investors

The Q1 FY27 result showed double-digit reported revenue growth, higher EBIT margin, and year-on-year growth in profit after tax. The company’s guidance calls for 10% to 13% constant-currency revenue growth and a 12.25% to 12.75% EBIT margin for FY27. Q1 performance placed both disclosed operating measures within those annual ranges. The October 29 conference call is the next confirmed event in the company’s earnings calendar. It will provide the market with the company’s Q2 FY27 financial disclosure and management commentary. For now, the available record shows that Firstsource entered the second quarter after reporting ₹2,724.9 crore in Q1 revenue and four large deal wins.