Firstsource Solutions shares tank 17% as Q1 profit misses estimates

Shares of Firstsource Solutions tanked 17% in the afternoon session on Thursday after the BPO sector firm reported its Q1 earnings. Firstsource Solutions shares lost 17.38% to Rs 280 against the previous close of Rs 339.35. Market cap of the firm fell to Rs 20,498 crore. Later, the BPO stock closed 13.33% lower at Rs 294.10. Market cap of the firm slipped to Rs 20,498.50 crore.

Net profit fell 19% to Rs 165.9 crore in Q1 against a profit of Rs 205.2 crore in the March 2026 quarter. On a year on year basis, net profit fell 2% from Rs 169.3 crore in Q1 of last fiscal. Net profit missed Bloomberg Consensus estimate of Rs 225 crore.

Revenue from operations rose 23% to Rs 2,724.9 crore on a year on year basis. The company issued a guidance of 10% to 13% constant currency revenue growth.

Firstsource Solutions is a leading provider of transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, and other industries.