Shares of Firstsource Solutions Ltd. rose over 14% on Thursday with stock trading at Rs 298.30 apiece after the company announced Q1FY27 results. The stock was trading at Rs 337 at around 12:47 pm before tumbling further.
Firstsource Solutions announced a mixed set of numbers in its June quarter of financial year 2027 results on Thursday. The company's net profit slipped 19% year-on-year (YoY) to Rs 166 crore in the June quarter of FY27, from Rs 205 crore in the previous quarter (Q4FY26)
Revenue from operations, or topline, however, surged 5.5% sequentially to Rs 2,725 crore in the June quarter of FY27, from Rs 2,583 crore in the March quarter of FY26.
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At the operating level, earnings before interest, tax climbed 7.1% QoQ to Rs 337 crore in Q1FY27, as against Rs 314 crore in Q4FY26. Subsequently, EBIT margin expanded 20 basis points (bps) to 12.4% in Q1FY27, from 12.2% in Q4FY26.
Firstsource Solutions Q1 Results - Cons, QoQ
- Net profit down 19% at Rs 166 crore vs Rs 205 crore QoQ
- Revenue up 5.5% at Rs 2,725 crore vs Rs 2,583 crore QoQ
- EBIT up 7.1% at Rs 337 crore vs Rs 314 crore QoQ
- EBIT margin at 12.4% vs 12.2% QoQ
Firstsource Solutions Share Price Today
Firstsource Solutions Share Price Today
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The scrip fell as much as 14.51% to Rs 290.20 apiece on Thursday at 1:37 p.m. This compares to a 0.10% rise in the NSE Nifty 50 Index.
It has fallen 16.95% in the last 12 months and 13.22% year-to-date. Total traded volume so far in the day stood at 3.84 times its 30-day average. The relative strength index was at 72.72.
Out of 15 analysts tracking the company, 14 maintain a 'buy' rating and one maintain a "sell" rating, according to Bloomberg data. The average 12-month consensus price target of Rs 291.71 implies a downside of 0.7%
Check Q1 Results Live Updates Here
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