Firstsource Solutions, a leading provider of BPS services, reports a 24.5% rise in net profit and announces a ₹4 dividend in its Q3FY25 results, with a strong revenue growth.
Firstsource Solutions, a leading global provider of Business Process Services (BPS), part of the RP-Sanjiv Goenka Group, has reported a 24.5% rise in its consolidated net profit for Q3FY25. The company, headquartered in India, posted a net profit of ₹160.3 crore for the October-December quarter, compared to ₹128.7 crore in the same period last year. The revenue from operations grew by 31%, reaching ₹2,087.8 crore, up from ₹1,594.8 crore in the previous year.
The company’s performance was strong, driven by its focus on innovation, client-centric solutions, and operational excellence. Firstsource Solutions’ shares ended 0.37% higher at ₹353.55 on the Bombay Stock Exchange (BSE) following the announcement.
In its outlook for FY25, Firstsource Solutions expects its revenue growth to range from 21.8% to 22.4% in constant currency terms, an increase from the previous guidance of 19.5%-20.5%. The company also forecasts normalized EBIT margins in the range of 11-11.5% for FY25, excluding one-time charges related to acquisitions.
As part of its Q3 FY25 update, Firstsource Solutions declared an interim dividend of ₹4 per equity share, representing 40% of the paid-up capital. The record date for determining eligible members to receive the dividend is February 21, 2025.
The company also made strides in its workforce development, with a total headcount of 34,144 employees, of which 46% are women. During the quarter, Firstsource Solutions added over 1,200 new hires, while attrition remained stable at 31%. The company has also focused on upskilling its employees, with nearly 150,000 learning hours completed, especially in Generative AI and Digital Transformation.
Firstsource Solutions further strengthened its position by acquiring AI development services provider Accunai India Services Private Limited (AccunAI) for ₹8.1 crore. This acquisition is expected to enhance its AI and technology offerings, driving further growth and innovation.
Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource Solutions, highlighted the company’s continued success in delivering growth, innovation, and tangible outcomes for clients, reinforcing its position as a future-ready organization.
