FIRSTSOURCE SOLU. LTD. (FSL) financials

FIRSTSOURCE SOLU. LTD. (FSL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Firstsource Solutions Limited is a leading player in the Business Process Management (BPM) industry.Part of the RP-Sanjiv Goenka Group, Firstsource provides bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, Media and Technology, and other diverse industries. The company has the philosophy of 'Digital First, Digital Now'[1]

Market Cap: ₹20,461Cr.
Current Price: ₹289
Stock P/E: 34.8
ROE: 20.8%
ROCE: 21.1%
Book Value: ₹32.5
Dividend Yield: 1.90%
52W High / Low: ₹372/201

In Jun 2026, FIRSTSOURCE SOLU. LTD. (FSL) reported sales ₹879 Cr and net profit ₹207 Cr.

Annual TTM: sales ₹3,080 Cr, net profit ₹504 Cr.

Shareholding: Promoters 53.66% (Sep 2026), FIIs 7.44% (Sep 2026), DIIs 26.84% (Sep 2026), Public 11.33% (Sep 2026), Others 0.73% (Sep 2026).

FSL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	542	624	628	682	675	752	774	879
Expenses	402	466	460	470	498	524	524	556
Operating Profit	140	158	168	212	177	228	250	323
OPM %	26%	25%	27%	31%	26%	30%	32%	37%
Other Income	8	66	11	12	10	-87	9	15
Interest	10	11	13	14	15	17	17	17
Depreciation	26	34	40	44	54	53	54	55
Profit before tax	112	178	126	166	118	71	188	267
Tax %	18%	17%	26%	19%	17%	18%	25%	22%
Net Profit	92	148	92	135	98	59	140	207
EPS in Rs	1.30	2.09	1.31	1.91	1.39	0.83	1.98	2.92
Raw PDF	—	—	—	—	—	—	—	—

FSL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	940	1,325	1,592	1,376	1,601	2,307	2,883	3,080
Expenses	672	832	1,061	994	1,148	1,699	2,015	2,102
Operating Profit	268	492	531	381	453	607	868	978
OPM %	28%	37%	33%	28%	28%	26%	30%	32%
Other Income	31	28	31	34	37	95	-56	-53
Interest	16	16	20	15	17	43	64	65
Depreciation	71	80	88	89	92	126	205	216
Profit before tax	212	425	453	311	380	534	543	643
Tax %	14%	14%	15%	20%	16%	20%	20%	—
Net Profit	182	367	388	248	320	427	432	504
EPS in Rs	2.62	5.27	5.55	3.54	4.54	6.04	6.11	7.12
Dividend Payout %	95%	57%	63%	98%	76%	65%	89%	—

FSL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	691	694	696	697	697	697	697	697
Reserves	1,588	1,371	1,476	1,623	1,607	1,714	1,879	1,598
Borrowings	11	215	248	265	158	348	813	953
Other Liabilities	81	85	208	163	157	198	412	1,043
Total Liabilities	2,372	2,366	2,629	2,748	2,619	2,957	3,800	4,292
Fixed Assets	72	249	291	313	208	406	663	739
CWIP	0	0	0	0	3	14	42	29
Investments	1,316	1,199	1,287	1,336	1,288	1,265	1,633	1,632
Other Assets	984	918	1,051	1,099	1,119	1,273	1,463	1,891
Total Assets	2,372	2,366	2,629	2,748	2,619	2,957	3,800	4,292

FSL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	222	388	418	416	270	347	504	633
Cash from Investing Activity	-106	78	-146	-51	47	-26	-342	-33
Cash from Financing Activity	-117	-433	-307	-356	-319	-296	-183	-585
Net Cash Flow	-1	33	-35	9	-1	24	-22	15
Free Cash Flow	180	340	352	380	250	294	370	572
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	142%	157%	98%	97%	86%	91%	97%	84%

FSL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	53.66%	53.66%	53.66%	53.66%	53.66%	53.66%	53.66%	53.66%
FIIs	11.01%	10.07%	9.58%	9.25%	9.20%	8.85%	8.38%	7.44%
DIIs	20.89%	22.90%	23.95%	24.63%	25.19%	25.49%	25.41%	26.84%
Public	13.36%	12.26%	11.92%	11.59%	11.11%	11.05%	11.71%	11.33%
Others	1.09%	1.11%	0.89%	0.88%	0.83%	0.95%	0.85%	0.73%
No. of Shareholders	2,80,639	2,66,868	2,54,253	2,40,982	2,30,472	2,29,935	2,42,813	2,35,538

FSL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	206	145	147	123	169	166	142	152
Inventory Days	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—
Cash Conversion Cycle	206	145	147	123	169	166	142	152
Working Capital Days	238	132	98	104	139	126	43	19
ROCE %	10%	10%	19%	19%	13%	15%	17%	21%

FSLUpdated 23 Oct 2026, 5:25

Firstsource Solu. Ltd.

FSLUpdated 23 Oct 2026, 5:25

Market Cap

₹20,461Cr.

Current Price

₹289

High / Low

₹372/201

Stock P/E

34.8

ROE20.8%

ROCE21.1%

Book Value₹32.5

Face Value₹10.0

Dividend Yield1.90%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	336	3	247	8	20	75	13	65	0.92
Sep 2023	364	4	263	9	22	85	15	72	1.03
Dec 2023	435	5	307	10	24	109	18	90	1.27
Mar 2024	466	5	332	9	26	111	16	93	1.32
Jun 2024	513	8	371	10	26	118	20	95	1.34
Sep 2024	542	10	402	8	26	112	18	92	1.3
Dec 2024	624	11	466	66	34	178	17	148	2.09
Mar 2025	628	13	460	11	40	126	26	92	1.31
Jun 2025	682	14	470	12	44	166	19	135	1.91
Sep 2025	675	15	498	10	54	118	17	98	1.39
Dec 2025	752	17	524	-87	53	71	18	59	0.83
Mar 2026	774	17	524	9	54	188	25	140	1.98
Jun 2026	879	17	556	15	55	267	22	207	2.92

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	914	21	706	19	46	160	-2	164	2.46
Mar 2016	875	9	676	18	32	176	14	151	2.25
Mar 2017	940	7	710	15	19	219	14	188	2.77
Mar 2018	861	7	627	13	22	219	12	192	2.8
Mar 2019	768	2	581	62	24	223	11	199	2.88
Mar 2020	940	16	672	31	71	212	14	182	2.62
Mar 2021	1325	16	832	28	80	425	14	367	5.27
Mar 2022	1592	20	1061	31	88	453	15	388	5.55
Mar 2023	1376	15	994	34	89	311	20	248	3.54
Mar 2024	1601	17	1148	37	92	380	16	320	4.54
Mar 2025	2307	43	1699	95	126	534	20	427	6.04
Mar 2026	2883	64	2015	-56	205	543	20	432	6.11
TTM	3080	65	2102	-53	216	643	—	504	7.12

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	53.66%
FIIs	7.44%
DIIs	26.84%
Public	11.33%
Others	0.73%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	53.66%	9.89%	18.16%	16.86%	1.44%
Mar 2024	53.66%	9.59%	19.27%	16.15%	1.35%
Jun 2024	53.66%	9.36%	19.52%	16.15%	1.32%
Sep 2024	53.66%	11.63%	18.6%	15%	1.12%
Dec 2024	53.66%	11.01%	20.89%	13.36%	1.09%
Mar 2025	53.66%	10.07%	22.9%	12.26%	1.11%
Jun 2025	53.66%	9.58%	23.95%	11.92%	0.89%
Sep 2025	53.66%	9.25%	24.63%	11.59%	0.88%
Dec 2025	53.66%	9.2%	25.19%	11.11%	0.83%
Mar 2026	53.66%	8.85%	25.49%	11.05%	0.95%
Jun 2026	53.66%	8.38%	25.41%	11.71%	0.85%
Sep 2026	53.66%	7.44%	26.84%	11.33%	0.73%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	666	962	235	100	1963	58	0	1246	658	1963
Mar 2016	673	1100	193	91	2056	39	1	1268	748	2056
Mar 2017	681	1318	186	83	2268	55	2	1345	866	2268
Mar 2018	687	1448	16	98	2249	56	0	1219	974	2249
Mar 2019	691	1588	11	81	2372	72	0	1316	984	2372
Mar 2020	694	1371	215	85	2366	249	0	1199	918	2366
Mar 2021	696	1476	248	208	2629	291	0	1287	1051	2629
Mar 2022	697	1623	265	163	2748	313	0	1336	1099	2748
Mar 2023	697	1607	158	157	2619	208	3	1288	1119	2619
Mar 2024	697	1714	348	198	2957	406	14	1265	1273	2957
Mar 2025	697	1879	813	412	3800	663	42	1633	1463	3800
Mar 2026	697	1598	953	1043	4292	739	29	1632	1891	4292

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	51	-51	-3	-3
Mar 2016	77	-21	-45	10
Mar 2017	78	-105	6	-21
Mar 2018	41	124	-166	-1
Mar 2019	222	-106	-117	-1
Mar 2020	388	78	-433	33
Mar 2021	418	-146	-307	-35
Mar 2022	416	-51	-356	9
Mar 2023	270	47	-319	-1
Mar 2024	347	-26	-296	24
Mar 2025	504	-342	-183	-22
Mar 2026	633	-33	-585	15

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	93	133	144	239	206	145	147	123	169	166	142	152
Inventory Days	—	—	—	—	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—	—	—	—	—
Cash Conversion Cycle	93	133	144	239	206	145	147	123	169	166	142	152
Working Capital Days	70	106	140	233	238	132	98	104	139	126	43	19
ROCE %	10%	9%	11%	10%	10%	10%	19%	19%	13%	15%	17%	21%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of FIRSTSOURCE SOLU. LTD. (FSL)?

The reported market capitalisation for FIRSTSOURCE SOLU. LTD. (FSL) is ₹20,461Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of FSL?

The current price shown for FIRSTSOURCE SOLU. LTD. (FSL) on Fincrux is ₹289 with a 52-week high/low of ₹372/201.

What is the P/E ratio of FIRSTSOURCE SOLU. LTD. (FSL)?

The stock P/E for FIRSTSOURCE SOLU. LTD. (FSL) is 34.8 on Fincrux, with ROE at 20.8% and ROCE at 21.1%.

What were FSL latest quarterly results?

For Jun 2026, FIRSTSOURCE SOLU. LTD. (FSL) reported sales ₹879 Cr and net profit ₹207 Cr (figures in ₹ crore unless noted).

What are FSL annual sales and net profit?

For TTM, FIRSTSOURCE SOLU. LTD. (FSL) shows sales of ₹3,080 Cr and net profit of ₹504 Cr on the Fincrux profit & loss statement.

Who owns FIRSTSOURCE SOLU. LTD. (FSL)?

Latest shareholding for FIRSTSOURCE SOLU. LTD. (FSL) on Fincrux: Promoters 53.66% (Sep 2026), FIIs 7.44% (Sep 2026), DIIs 26.84% (Sep 2026), Public 11.33% (Sep 2026), Others 0.73% (Sep 2026).

Where can I find FIRSTSOURCE SOLU. LTD. (FSL) financials?

FIRSTSOURCE SOLU. LTD. (FSL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show FSL balance sheet and cash flow?

Yes. The FIRSTSOURCE SOLU. LTD. (FSL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 23 October 2026 at 5:25