Firstsource Solutions Ltd

NSE: FSL BSE: 532809

₹290.40

+1 (0.35%)

Wed, 28 Oct 2026, 11:45 pm

MTF 5xInvest in Firstsource Solutions Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)20233.64

PE Ratio30.50

Dividend1.89

Commercial Services

Miscellaneous Commercial Services

24.5K

Firstsource Solutions Financials

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	5.49B	8.17B	12.41B	17.53B	19.54B	20.11B	22.55B	28.44B	31.27B	30.03B	31.64B	34.57B	34.33B	38.26B	40.99B	50.78B	59.21B	60.22B	63.36B	79.80B
Gross profit	347.15M	—	906.72M	5.43B	5.88B	5.72B	6.10B	6.53B	8.03B	7.11B	7.15B	7.55B	7.31B	9.75B	9.14B	11.77B	15.31B	12.92B	15.68B	19.64B
Operating expenses (excl. COGS)	-11.05M	-6.67B	-55.29M	-4.19B	-4.20B	-4.21B	-5.15B	-4.36B	-4.95B	-4.25B	-4.23B	-4.63B	-4.26B	-4.93B	-4.41B	-5.40B	-8.15B	-6.90B	-8.26B	-10.40B
Selling/general/admin expenses, total	—	-6.65B	—	-4.19B	-4.20B	-4.21B	-5.04B	-4.29B	-4.84B	-4.12B	-4.15B	-4.48B	-4.10B	-4.75B	-4.20B	-5.18B	-7.93B	-6.63B	-7.66B	-9.93B
Research & development	—	-24.00M	-32.09M	-45.30M	-59.93M	-53.21M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Selling/general/admin expenses, other	—	-6.63B	—	-4.15B	-4.14B	-4.15B	-5.04B	-4.29B	-4.84B	-4.12B	-4.15B	-4.48B	-4.10B	-4.75B	-4.20B	-5.18B	-7.93B	-6.63B	-7.66B	-9.93B
Other operating expenses, total	-11.05M	-15.33M	-55.29M	-301.00K	0	0	-108.29M	-72.49M	-108.20M	-132.73M	-77.99M	-148.16M	-160.16M	-182.37M	-207.71M	-218.69M	-224.74M	-270.54M	-604.43M	-469.38M
Operating income	336.10M	858.32M	851.43M	1.24B	1.68B	1.51B	951.85M	2.17B	3.08B	2.86B	2.93B	2.92B	3.04B	4.82B	4.73B	6.37B	7.16B	6.01B	7.42B	9.24B
Non-operating income, total	-77.56M	152.70M	557.23M	-730.08M	-76.96M	243.74M	-192.01M	-574.53M	-1.04B	-423.22M	-63.98M	1.39B	536.85M	-458.42M	-783.06M	-2.05B	-689.55M	137.62M	-1.12B	-1.83B
Interest expense, net of interest capitalized	-89.27M	-121.57M	-315.85M	-271.32M	-369.52M	-383.26M	-579.01M	-778.36M	-851.47M	-801.19M	-607.96M	-538.34M	-501.30M	-459.58M	-830.55M	-871.59M	-639.39M	-1.10B	-1.42B	-1.84B
Interest capitalized	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	11.71M	274.27M	873.08M	-857.54M	47.08M	627.00M	387.00M	502.05M	143.77M	135.25M	68.15M	989.01M	1.03B	6.85M	47.49M	-26.40M	-50.16M	-102.01M	293.14M	-81.57M
Non-operating interest income	4.03M	43.90M	100.22M	39.79M	24.91M	57.20M	365.51M	408.88M	27.73M	54.61M	18.69M	16.24M	14.64M	27.30M	11.36M	6.98M	4.74M	10.34M	9.88M	26.84M
Miscellaneous non-operating expense	7.68M	230.37M	772.86M	-897.33M	22.17M	569.80M	21.49M	93.17M	116.04M	80.64M	49.46M	972.77M	1.02B	-20.45M	36.13M	-33.38M	-54.90M	-112.35M	283.26M	-108.41M
Unusual income/expense	—	—	—	398.78M	245.48M	—	—	-298.22M	-335.20M	242.72M	475.83M	943.84M	7.67M	-5.69M	0	-1.15B	0	1.34B	0	88.09M
Pretax income	258.54M	1.01B	1.41B	506.60M	1.60B	1.75B	759.84M	1.59B	2.03B	2.44B	2.86B	3.37B	3.58B	4.36B	3.94B	4.32B	6.47B	6.15B	6.30B	7.41B
Taxes	-15.93M	-44.80M	-103.27M	-198.77M	-237.61M	-349.35M	-137.73M	-129.23M	-100.89M	-95.40M	-252.86M	-576.79M	-314.31M	-581.41M	-545.26M	-701.57M	-1.11B	-1.02B	-1.15B	-1.46B
Non-controlling/minority interest	4.07M	6.31M	10.21M	-1.10M	-4.50M	-18.58M	-1.80M	3.21M	-2.29M	-1.59M	-4.38M	7.58M	-590.00K	90.00K	10.00K	90.00K	8.44M	80.00K	40.00K	40.00K
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	246.68M	972.53M	1.32B	306.72M	1.36B	1.39B	620.31M	1.47B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Net income	246.68M	972.53M	1.32B	306.72M	1.36B	1.39B	620.31M	1.47B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Dilution adjustment	0	0	0	0	115.25M	0	0	106.40M	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	246.68M	972.53M	1.32B	306.72M	1.48B	1.39B	620.31M	1.57B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	787.56M	1.50B	1.71B	2.20B	2.55B	2.40B	1.84B	3.05B	3.83B	3.59B	3.53B	3.51B	3.70B	5.56B	6.58B	8.43B	9.65B	8.65B	10.02B	12.51B
EBIT	336.10M	858.32M	851.43M	1.24B	1.68B	1.51B	951.85M	2.17B	3.08B	2.86B	2.93B	2.92B	3.04B	4.82B	4.73B	6.37B	7.16B	6.01B	7.42B	9.24B
Total operating expenses	-5.15B	-7.31B	-11.55B	-16.29B	-17.86B	-18.60B	-21.60B	-26.27B	-28.19B	-27.17B	-28.72B	-31.65B	-31.29B	-33.45B	-36.26B	-44.41B	-52.05B	-54.21B	-55.94B	-70.56B
Prepaid expenses	75.01M	135.41M	370.61M	537.24M	649.55M	1.15B	219.91M	308.70M	338.06M	267.51M	235.23M	305.42M	392.23M	476.30M	623.77M	764.77M	1.01B	849.14M	776.46M	1.70B
Deferred income, current	—	—	—	—	—	—	—	—	216.78M	—	57.80M	120.87M	22.19M	0	145.83M	939.60M	281.66M	48.28M	394.75M	101.71M
Capital and operating lease obligations	1.19M	7.04M	7.04M	47.99M	0	49.37M	43.09M	71.12M	52.60M	89.16M	42.70M	28.84M	28.84M	9.16M	4.05B	4.86B	6.25B	4.47B	8.07B	8.07B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	—	8.56M	296.48M	583.92M	696.11M	57.95M	1.25B	1.58B	2.09B	2.00B	2.22B	418.37M	264.29M	460.70M	734.95M	469.98M	959.02M	1.20B	1.47B	1.65B
Deferred income, non-current	0	0	0	0	—	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Minority interest	49.17M	42.97M	36.42M	54.67M	49.75M	1.08M	13.26M	11.36M	14.35M	16.31M	19.71M	11.75M	12.53M	5.89M	5.88M	5.39M	3.69M	3.50M	3.84M	3.96M
Change in accrued expenses	—	—	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	0	0	0	0	0	0	0	0	0	0	—	—	—	-1.24B	-3.76B	-2.04B	-2.38B	-2.38B	-2.41B	-2.76B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	5.49B	8.17B	12.41B	17.53B	19.54B	20.11B	22.55B	28.44B	31.27B	30.03B	31.64B	34.57B	34.33B	38.26B	40.99B	50.78B	59.21B	60.22B	63.36B	79.80B
Gross profit	347.15M	—	906.72M	5.43B	5.88B	5.72B	6.10B	6.53B	8.03B	7.11B	7.15B	7.55B	7.31B	9.75B	9.14B	11.77B	15.31B	12.92B	15.68B	19.64B
Operating expenses (excl. COGS)	-11.05M	-6.67B	-55.29M	-4.19B	-4.20B	-4.21B	-5.15B	-4.36B	-4.95B	-4.25B	-4.23B	-4.63B	-4.26B	-4.93B	-4.41B	-5.40B	-8.15B	-6.90B	-8.26B	-10.40B
Selling/general/admin expenses, total	—	-6.65B	—	-4.19B	-4.20B	-4.21B	-5.04B	-4.29B	-4.84B	-4.12B	-4.15B	-4.48B	-4.10B	-4.75B	-4.20B	-5.18B	-7.93B	-6.63B	-7.66B	-9.93B
Research & development	—	-24.00M	-32.09M	-45.30M	-59.93M	-53.21M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Selling/general/admin expenses, other	—	-6.63B	—	-4.15B	-4.14B	-4.15B	-5.04B	-4.29B	-4.84B	-4.12B	-4.15B	-4.48B	-4.10B	-4.75B	-4.20B	-5.18B	-7.93B	-6.63B	-7.66B	-9.93B
Other operating expenses, total	-11.05M	-15.33M	-55.29M	-301.00K	0	0	-108.29M	-72.49M	-108.20M	-132.73M	-77.99M	-148.16M	-160.16M	-182.37M	-207.71M	-218.69M	-224.74M	-270.54M	-604.43M	-469.38M
Operating income	336.10M	858.32M	851.43M	1.24B	1.68B	1.51B	951.85M	2.17B	3.08B	2.86B	2.93B	2.92B	3.04B	4.82B	4.73B	6.37B	7.16B	6.01B	7.42B	9.24B
Non-operating income, total	-77.56M	152.70M	557.23M	-730.08M	-76.96M	243.74M	-192.01M	-574.53M	-1.04B	-423.22M	-63.98M	1.39B	536.85M	-458.42M	-783.06M	-2.05B	-689.55M	137.62M	-1.12B	-1.83B
Interest expense, net of interest capitalized	-89.27M	-121.57M	-315.85M	-271.32M	-369.52M	-383.26M	-579.01M	-778.36M	-851.47M	-801.19M	-607.96M	-538.34M	-501.30M	-459.58M	-830.55M	-871.59M	-639.39M	-1.10B	-1.42B	-1.84B
Interest capitalized	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non-operating income, excl. interest expenses	11.71M	274.27M	873.08M	-857.54M	47.08M	627.00M	387.00M	502.05M	143.77M	135.25M	68.15M	989.01M	1.03B	6.85M	47.49M	-26.40M	-50.16M	-102.01M	293.14M	-81.57M
Non-operating interest income	4.03M	43.90M	100.22M	39.79M	24.91M	57.20M	365.51M	408.88M	27.73M	54.61M	18.69M	16.24M	14.64M	27.30M	11.36M	6.98M	4.74M	10.34M	9.88M	26.84M
Miscellaneous non-operating expense	7.68M	230.37M	772.86M	-897.33M	22.17M	569.80M	21.49M	93.17M	116.04M	80.64M	49.46M	972.77M	1.02B	-20.45M	36.13M	-33.38M	-54.90M	-112.35M	283.26M	-108.41M
Unusual income/expense	—	—	—	398.78M	245.48M	—	—	-298.22M	-335.20M	242.72M	475.83M	943.84M	7.67M	-5.69M	0	-1.15B	0	1.34B	0	88.09M
Pretax income	258.54M	1.01B	1.41B	506.60M	1.60B	1.75B	759.84M	1.59B	2.03B	2.44B	2.86B	3.37B	3.58B	4.36B	3.94B	4.32B	6.47B	6.15B	6.30B	7.41B
Taxes	-15.93M	-44.80M	-103.27M	-198.77M	-237.61M	-349.35M	-137.73M	-129.23M	-100.89M	-95.40M	-252.86M	-576.79M	-314.31M	-581.41M	-545.26M	-701.57M	-1.11B	-1.02B	-1.15B	-1.46B
Non-controlling/minority interest	4.07M	6.31M	10.21M	-1.10M	-4.50M	-18.58M	-1.80M	3.21M	-2.29M	-1.59M	-4.38M	7.58M	-590.00K	90.00K	10.00K	90.00K	8.44M	80.00K	40.00K	40.00K
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	246.68M	972.53M	1.32B	306.72M	1.36B	1.39B	620.31M	1.47B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Net income	246.68M	972.53M	1.32B	306.72M	1.36B	1.39B	620.31M	1.47B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Dilution adjustment	0	0	0	0	115.25M	0	0	106.40M	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	246.68M	972.53M	1.32B	306.72M	1.48B	1.39B	620.31M	1.57B	1.93B	2.34B	2.60B	2.80B	3.27B	3.78B	3.40B	3.62B	5.37B	5.14B	5.15B	5.94B
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	787.56M	1.50B	1.71B	2.20B	2.55B	2.40B	1.84B	3.05B	3.83B	3.59B	3.53B	3.51B	3.70B	5.56B	6.58B	8.43B	9.65B	8.65B	10.02B	12.51B
EBIT	336.10M	858.32M	851.43M	1.24B	1.68B	1.51B	951.85M	2.17B	3.08B	2.86B	2.93B	2.92B	3.04B	4.82B	4.73B	6.37B	7.16B	6.01B	7.42B	9.24B
Total operating expenses	-5.15B	-7.31B	-11.55B	-16.29B	-17.86B	-18.60B	-21.60B	-26.27B	-28.19B	-27.17B	-28.72B	-31.65B	-31.29B	-33.45B	-36.26B	-44.41B	-52.05B	-54.21B	-55.94B	-70.56B
Prepaid expenses	75.01M	135.41M	370.61M	537.24M	649.55M	1.15B	219.91M	308.70M	338.06M	267.51M	235.23M	305.42M	392.23M	476.30M	623.77M	764.77M	1.01B	849.14M	776.46M	1.70B
Deferred income, current	—	—	—	—	—	—	—	—	216.78M	—	57.80M	120.87M	22.19M	0	145.83M	939.60M	281.66M	48.28M	394.75M	101.71M
Capital and operating lease obligations	1.19M	7.04M	7.04M	47.99M	0	49.37M	43.09M	71.12M	52.60M	89.16M	42.70M	28.84M	28.84M	9.16M	4.05B	4.86B	6.25B	4.47B	8.07B	8.07B
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	—	8.56M	296.48M	583.92M	696.11M	57.95M	1.25B	1.58B	2.09B	2.00B	2.22B	418.37M	264.29M	460.70M	734.95M	469.98M	959.02M	1.20B	1.47B	1.65B
Deferred income, non-current	0	0	0	0	—	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Minority interest	49.17M	42.97M	36.42M	54.67M	49.75M	1.08M	13.26M	11.36M	14.35M	16.31M	19.71M	11.75M	12.53M	5.89M	5.88M	5.39M	3.69M	3.50M	3.84M	3.96M
Change in accrued expenses	—	—	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	0	0	0	0	0	0	0	0	0	0	—	—	—	-1.24B	-3.76B	-2.04B	-2.38B	-2.38B	-2.41B	-2.76B
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0