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Will Firstsource Solutions deliver top quartile performance in FY26?

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Firstsource expands retail reach with Ascensos acquisition
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Debasis Mohapatra

Bengaluru, 10 Nov 2025

Firstsource Solutions, a leading BPM player, posted strong set of Q2FY26 numbers. The company’s guidance also impressed the market.

Here is a snapshot:

ParticularsQ2FY26Rise/Fall YoY
Revenue $265 million13.8% ↑ in Constant Currency term
Net ProfitRs 179.5 crore (around $22 million) 29.9% ↑
EBITDA Margin 16.3% 140 basis points ↑
Employee Count35,9973,099 ↑
Deal Pipeline+$1billionNA

Guidance for FY26:

Revenue: 13-15% revenue growth in constant currency

EBIT Margin: 11.25-12%

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