BPO/KPO company Firstsource Solutions announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenues at Rs 16,705 million (USD 201 million), up 7.3% YoY EBIT at Rs 1,830 million or 11% of revenues, up 1.7% YoY Profit After Tax (PAT) at Rs 1,335 million or 8% of revenue Diluted Earnings Per Share (EPS) of Rs 1.90 FY24 Financial Highlights: Revenues at Rs 63,362 million (USD 765 million), up 5.2% YoY EBIT at Rs 6,962 million or 11.0% of revenues, up 25.4% YoY Profit After Tax (PAT) at Rs 5,147 million or 8.1% of revenues, up 26.8% YoY Diluted Earnings Per Share (EPS) of Rs 7.34 Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “I'm delighted by the accelerated growth we've experienced in the latter part of FY24. We strategically addressed market needs by increasing our involvement in our clients' process transformation and cost optimization initiatives. We have also actively pursued exclusive opportunities within the current and potential client base. Our commitment to delivering value to clients, combined with our efforts to expand into new sub-segments within our focus verticals, has contributed to broad-based revenue growth in Q4. The effectiveness of our approach is demonstrated by the significantly higher deal sizes and wins in FY24, as well as industry and analyst recognition.” Result PDF
Conference Call with Firstsource Solutions Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
BPO/KPO company Firstsource Solutions announced Q2FY24 & H1FY24 results: Q2FY24: Revenues at Rs 15,400 million (USD 186 million), up 3.5% YoY EBIT at Rs 1,634 million or 10.6% of revenues, up 30.3% YoY; Normalised EBIT margin at 11.2% Profit After Tax (PAT) at Rs 1,265 million or 8.2% of revenues, down 2.2% YoY Diluted Earnings Per Share (EPS) of Rs 1.80 H1FY24: Revenues at Rs 30,692 million (USD 372 million), up 3.7% YoY EBIT at Rs 3,424 million or 11.2% of revenues, up 41.2% YoY; Normalised EBIT margin at 11.5% Profit After Tax (PAT) at Rs 2,525 million or 8.2% of revenues, up 17.7% YoY Diluted Earnings Per Share (EPS) of Rs 3.60 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “Firstsource had a stable second quarter in FY24, with strong uptake of our digital and new-tech solutions across clients. Our digital-first ethos has driven substantial efficiencies, both for clients seeking cost optimization and revenue growth. The quarter also saw us realigning strategically to better address our long-term goals, reformulating for sustained success in the face of ever-changing business environments. We remain confident in our people-centric approach, emphasizing a balance between profitability and sustainability. Leveraging our diverse geographic presence, we're equipped to support our clients as they build for the future.” Result PDF
Conference Call with Firstsource Solutions Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
BPO/KPO company Firstsource Solutions announced Q1FY24 results: Revenues at Rs 15,292 million (USD 186 million), up 3.9% YoY Operating margin (OM) at Rs 1,789 million or 11.7% of revenues, up 52.8% YoY Profit after tax (PAT) at Rs 1,260 million or 8.2% of revenues, up 48.1% YoY Diluted earnings per share (EPS) of Rs 1.8 Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “The first quarter FY24 results for Firstsource reflect the success of our strong, domain-led offerings underpinned by our sharp client focus to help enterprises navigate rapid economic, technology, and consumer evolution. We deepened our partnership with our top client, demonstrating our capabilities as a trusted partner for growth. The significant investments in Digital solutions position us advantageously to capitalize on the increasing demand for solutions powered by Generative AI and Machine Learning. These efforts underscore our commitment to delivering value for stakeholders, and innovation to meet our clients' evolving needs.” Result PDF