Q1 2025 Firstsource Solutions Ltd Earnings Call Transcript
Key Points
- Firstsource Solutions Ltd (BOM:532809) achieved its highest quarterly revenues ever, with a 17.1% year-on-year growth in INR terms and 15.4% in USD terms.
- The company won three large deals in Q1 FY25, marking a significant milestone.
- Healthcare vertical showed strong performance with a 15% quarter-on-quarter and 26% year-on-year growth in constant currency terms.
- The company added 10 new logos during the quarter, expanding its client base.
- Firstsource Solutions Ltd (BOM:532809) has successfully integrated QBSS, leading to joint deal wins and enhanced service offerings.
- EBIT margin for the quarter was 11%, which is stable quarter-on-quarter but lower by 70 basis points compared to Q1 of the previous year.
- The CMT vertical showed flat quarter-on-quarter growth in constant currency terms, with some optical headwinds due to onshore to offshore shifts.
- Europe saw a 3% quarter-on-quarter decline in revenues due to quarterly volatility and planned on-site to offshore shifts.
- The company's net debt increased to INR9.7 billion as of June 30, 2024, from INR6 billion as of March 31, 2024, due to higher working capital requirements and acquisition costs.
- Trailing 12-month attrition rate stood at 32%, which, although improved from previous quarters, remains relatively high.
Ladies and gentlemen, good day, and welcome to the Firstsource Solutions Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
On this call, we have Mr. Ritesh Idnani, MD and CEO; Mr. Dinesh Jain, CFO; and Mr. Pankaj Kapoor, Head of Strategy and Investor Relations, to provide an overview on the company's performance followed by Q&A.
Please note that some of the matters that will discuss on this call, include the company's business outlook, are forward-looking and as such, are subject to known and unknown risks. These uncertainties and risks are included, but not limited to, what company has mentioned in its prospectus filed with SEBI and subsequent annual reports that are available on its website.
I now hand the conference over to Mr. Ritesh Idnani. Thank you, and over to you, sir.
Thank you. Hello, everybody, and thank you for joining us today to discuss our financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
