NSE: FSL | BSE: 532809

Mid-range Performer

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344.20 -3.10 (-0.89%)

27.48% Gain from 52W Low

172.3K NSE+BSE Volume

NSE 02 Dec, 2025 1:17 PM (IST)

23,990.4

Market Cap

Market Leader

Beta 1Year

Very High Volatility

Firstsource Solutions Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FSL, BSE:532809 Firstsource Solutions Ltd.

Firstsource Solutions Ltd.

08 Feb 2018

344.20

-0.89%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues from operations grew 1.6% QoQ to | 887.2 crore and was above our 1% de-growth and | 864.4 crore estimate At 13.1%, EBITDA margins expanded 50 bps QoQ and was above our 12.8% and 20 bps expansion estimate. Margin expansion came...

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

03 Nov 2017

344.20

-0.89%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Revenues from operations declined marginally by 0.6% QoQ to | 872.9 crore and was above our | 849.8 crore estimate At 12.6%, EBITDA margins expanded 110 bps QoQ and were in line with our 12.5% and 100 bps expansion estimate. Margin expansion...

Firstsource Solution.. has an average target of 359.67 from 3 brokers.

Firstsource Solutions Ltd.

02 Nov 2017, 12:00AM

344.20

-0.89%

Firstsource Sol

Hold: Firstsource Solutions Ltd.

Sharekhan

(FSL) are not strictly comparable on QoQ basis as the company divested some of its domestic businesses during Q1FY2018. During Q2FY18, FSL reported another quarter of better-thanexpected operating performance against our modest estimates for Q2FY2018. Operating profit margin (OPM) improved by 110BPS QoQ (ahead of our estimates) despite Rs 3.5 crore (one-off) shutdown costs relating to domestic...

Number of FII/FPI investors decreased from 248 to 238 in Sep 2025 qtr

Firstsource Solutions Ltd.

09 Aug 2017

344.20

-0.89%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Firstsource's results were largely in line with our expectations. Revenues from operations declined 1.6% QoQ to | 877.7 crore, lower than our flat growth and | 892.3 crore estimate At 11.5%, EBITDA margins expanded 40 bps QoQ and were above...

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

16 May 2017

344.20

-0.89%

Firstsource Solutions Ltd: Soften Operating Performance Due ... (May 16, 2017)

Buy: Firstsource Solutions Ltd.

Target

Karvy

Soften Operating Performance Due to Macro Uncertainties: Flat revenue growth; Margins drop by 101 bps QoQ - FSL recorded revenue of Rs. 8923 Mn in Q4FY17 with an increase of 0.8% QoQ, EBITDA in Q4FY17 islower by 7.6% QoQ at Rs.990 Mn which was at Rs. 1072 Mn in Q3FY17 and the margins dropped to 11.1% which is down by 101 bps QoQ and 222 bps YoY. In FY17, the company recorded revenue of Rs. 35556 Mn which is up by 10.1% YoY. PAT stood at Rs. 2792 Mn for FY17 which is up by 5.2% YoY compared with FY16.

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

15 May 2017

344.20

-0.89%

Result Update:Firstsour.Solu.

Buy: Firstsource Solutions Ltd.

Axis Direct

Q4FY17 revenue growth (up 1.4% QoQ in cc terms)was in line with estimates. Net margin was down 60 bps QoQ due to losses in mortgage business (~6% of revenue, losses was Rs 150 mn), absorption of ~1,000 employees in Sky deal,headwinds in domestic telecom business, and INR appreciation.

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

08 May 2017

344.20

-0.89%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

Firstsource's results were below our expectations largely due to lower-than-expected EBITDA margin estimates Revenues from operations increased 0.5% QoQ to | 864.4 crore lower than our | 878.1 crore and 2.1% QoQ growth estimate...

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

07 Feb 2017

344.20

-0.89%

Firstsource Solutions Ltd: Soften Operating Performance Due ... (Feb 07, 2017)

Buy: Firstsource Solutions Ltd.

Karvy

Soften Operating Performance Due to Macro Environment Headwinds: Muted revenue growth & margins declined by 60bps: FSL reported revenue ofRs. 8854 mn in Q3FY17 which is up by 0.1% QoQ and 8.2% YoY. EBITDA in Q3FY17 is lower by 4.8% QoQ at Rs.1072 Mn which was at Rs. 1126 Mn in Q2FY17 and the margins dropped to 12.1% which is down by 62 bps QoQ and 27 bps YoY. Thissluggish movement and ramp down in margins mainly due to currency headwinds, weakness in mortgage business, and lower volumes from two of the company's telecom clients.

Firstsource Solution.. has an average target of 359.67 from 3 brokers.

Firstsource Solutions Ltd.

03 Feb 2017

344.20

-0.89%

Firstsource Solutions Limited

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Firstsource's results were way above our expectation on all fronts with revenue, margins and PAT above our estimates Revenues from operations grew 0.3% QoQ to | 860.1 crore above our 3% QoQ de-growth and | 831.5 crore estimate. Constant currency revenues grew 2.1% QoQ and 13.9% YoY...

Number of FII/FPI investors decreased from 248 to 238 in Sep 2025 qtr

Firstsource Solutions Ltd.

22 Dec 2016

344.20

-0.89%

Firstsource Solutions Ltd: Strong Traction Continues in ISGN... (Dec 22, 2016)

Buy: Firstsource Solutions Ltd.

Target

Karvy

Strong Traction Continues in ISGN; Debt Repayment is in Line: Revenue declined by 1% QoQ impacted by GBP depreciation: In Q2FY17,FSL recorded revenue at Rs. 8844 Mn compared to Rs.8935 Mn in Q1FY17which is a de-growth of 1.0% QoQ. This is due to GBP depreciation; however the outstanding performance of ISGN business balanced the revenue loss. EBITDAmargins at 12.7% declined by ~ 60bps QoQ.

Firstsource Solution.. has an average target of 359.67 from 3 brokers.

Is Firstsource Solutions Ltd. worth buying?

1091 Votes:

Buy 81.39%

Sell 9.9%

Hold 8.71%

RESEARCH REPORTS

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