Firstsource Solutions announced Q1FY23 Result :

• Revenues of Rs. 14,724 million
• Operating Margin of Rs. 1,171 million
• PAT of Rs. 851 million
• Revenues at Rs. 14,724 million (US$ 191 million), de-grew 0.8% YoY and 2.7% in CC
• Operating Margin (OM) at Rs. 1,171 million or 8.0% of Revenues
• Profit After Tax (PAT) at Rs. 851 million or 5.8% of revenues
• Diluted Earnings Per Share (EPS) of Rs. 1.21

Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, “I'm pleased to report that all Firstsource businesses experienced steady growth during Q1. Our US BFS business was an outlier where revenues in mortgages declined in the rapidly rising interest rate environment; this also impacted our profitability for the quarter. While we expect the macro headwinds to continue, we’re optimistic that a robust pipeline across each of our segments, combined with targeted investments in strategic areas, will help us drive sustained growth. As we look ahead, we are committed to strengthening our digital-first offerings to help our clients modernize their operations and become more efficient and resilient.”

Result PDF