The transcript of the investor/analyst call held on Wednesday May 06, 2026, is as enclosed
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Firstsource Solutions reported Q4FY26 revenue of INR 25.8 billion ($283 million), up 13.2% YoY in dollar terms, marking the eighth straight quarter of double-digit revenue growth. The company crossed the $1 billion annual revenue milestone for FY26 with revenues of INR 95.6 billion. EBIT margin expanded to 12.2% in Q4, the sixth consecutive quarter of margin expansion, with full-year margin at 11.7%. The company won 17 large deals in FY26, doubling from FY25, and the deal pipeline stands at record levels exceeding $1 billion. Management guided FY27 to 10-13% constant currency growth with EBIT margins of 12.25-12.75%, positioning the company at the top decile of industry growth globally.
The strong Q4 results and record deal pipeline provide solid foundation for FY27 growth. The company's shift toward outcome-linked commercial models through its 'Intelligence that operates' strategy, combined with margin expansion guidance, suggests improving profitability trajectory despite macroeconomic headwinds in some segments.