Firstsource Solutions Q3 Results: Net profit rises 24.5% to ₹160.3 crore, revenue up 31% YoY; dividend declared

Firstsource Solutions Q3 Results: Firstsource Solutions announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday, February 7, 2025, reporting a rise of 24.5 per cent in consolidated net profit to ₹160.3 crore, compared to ₹128.7 crore in the corresponding period last year. 

The RP-Sanjiv Goenka-Group company’s revenue from operations rose 31 per cent in the third quarter of the current fiscal to ₹2,087.8 crore, compared to ₹1,594.8 crore in the year-ago period. On Friday, shares of Firstsource Solutions settled 0.37 per cent higher at ₹353.55 apiece on the BSE.

“For FY25, we expect our revenue to grow from 21.8 per cent to 22.4 per cent in constant currency terms compared to 19.5-20.5 per cent previously. For operating margins, we expect our normalized FY25 EBIT margin, excluding one-time charges related to the acquisitions, to be in the 11-11.5 per cent range,” said Firstsource Solutions on its FY25 outlook.

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Firstsource Solutions Q3 Results: Key Metrics

Firstsource Solutions also declared an interim dividend of ₹4 per equity share (40 per cent) for FY25 and fixed the record date for determining the members eligible to receive the said dividend as February 21, 2025.

“An interim dividend for the financial year ending March 31, 2025 @Rs. 4.00 per share (40 per cent) on the paid-up capital of the company. The record date for the purpose of determining the members eligible to receive the said interim dividend has been fixed as Friday, 21st February 2025,” said Firstsource Solutions in a regulatory filing to the stock exchanges today.

The company’s total headcount stood at 34,144 employees by the end of the December quarter, with women making up 46 per cent of the workforce, a net addition of over 1,200 new hires and attrition stable at 31 per cent. 

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“We spearheaded an enterprise-wide initiative to upskill our workforce in Generative AI and Digital Transformation, resulting in nearly 150,000 learning hours completed to date,” said Firstsource Solutions in its stock exchange filing.

The diluted Earnings Per Share (EPS) of the leading global provider of specialist domain-led Business Process Services (BPS) stood at ₹2.27 in the December quarter. In Q3FY25, it added thirteen new logos across verticals.

“In Q3FY25, Firstsource continued to deliver consistent growth, driven by our focus on operational excellence, innovation, and client-centricity. The strength of our deal wins and pipeline showcases our success in leveraging deep industry expertise, technology partnerships, and proactive automation and AI integration, which resonates well with the clients,” said Dr. Sanjiv Goenka, Chairman – RPSG Group and Firstsource Solutions.

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“This quarter-on-quarter momentum is fuelled by investments toward enabling our people, demonstrating innovation and driving tangible outcomes for clients. The recognition from analysts, industry and sustainability trackers reinforces our dedication to building a future-ready organization and driving real value across stakeholders,” added Goenka.

Firstsource Solutions announced the acquisition of AI development services provider Accunai India Services Private Limited, or AccunAI, for ₹8.1 crore.

“…Execution of a share purchase agreement (SPA) with Amrit Khandelwal and Akshay Dubey (Sellers) of Accunai India Services Private Limited (AccunAI) for acquisition of 100 per cent ownership in AccunAI for a consideration not exceeding ₹8.1 crore, on a cash-free and debt free basis, and subject to terms set out in the SPA (Purchase Consideration),” said the company in its stock exchange filing.