Firstsource Solutions announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday, February 7, 2025, reporting a rise of 24.5 percent in consolidated net profit to ₹160.3 crores, compared to ₹128.7 crore in the corresponding period last year.
The RP-Sanjiv Goenka-Group company’s revenue from operations rose 31 percent 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 percent higher at ₹353.55 apiece on the BSE.
“For FY25, we expect our revenue to grow from 21.8 percent to 22.4 percent in constant currency terms compared to 19.5-20.5 percent 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 percent range,” said Firstsource Solutions on its FY25 outlook.
Financial Highlights For Q3 FY25
- Revenue: Increased by 31.7% YoY to ₹21,024 million (US$ 249 million). Other reports state revenue at INR 21,002.81 million compared to INR 16,119.58 million a year ago. Sales were INR 20,878.5 million compared to INR 15,948.36 million a year ago.
- EBIT: Rose by 36.5% YoY to ₹2,333 million, representing 11.1% of revenues.
- Diluted Earnings Per Share (EPS): ₹2.27.
Constant currency revenue growth guidance raised to 21.8-22.3%
Firstsource Solutions Q3 Results: Key Metrics
Firstsource Solutions also declared an interim dividend of ₹4 per equity share (40 percent) 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 percent of the workforce, a net addition of over 1,200 new hires, and attrition stable at 31 percent.
“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.