Firstsource Solutions Ltd.revenue +22%, EBIT margin 12.5%, guide floor raised

Firstsource Solutions' Q2 FY27 call, held on 29 October 2026, showed an operations outsourcing company growing steadily and lifting the floor of its guidance.

Revenue rose 22.2% to ₹28.3 billion, or 12.3% in constant currency, for the 12th straight quarter of sequential growth. EBIT margin reached 12.5%, up 100 basis points on the year and the eighth straight quarterly gain, and profit after tax rose 29.7% year on year on a normalised basis. The company signed four large deals, added 17 new logos and now has 51 clients above a $5 million run rate. Banking and financial services grew 19%, while healthcare grew 5% on the year but fell 2% on the quarter.

Headcount rose by 3,062 to 39,937, driven by a banking client transition and programme ramps. Management raised the low end of FY27 constant-currency growth guidance to 10.5% to 13%, reaffirmed an EBIT margin of 12.25% to 12.75%, and kept a 14% to 15% margin goal for the next two to three years. No earlier promises were on file for comparison.