Firstsource Solutions shares fall 17% after Q1 profit misses estimates

businesstoday.in

Firstsource Solutions shares plunged 17% after its Q1 net profit missed estimates, with market capitalization falling to Rs 20,498 crore. The sharp decline followed disappointing quarterly earnings. Net profit fell 19% sequentially to Rs 165.9 crore, down 2% year-on-year and below the Bloomberg consensus estimate of Rs 225 crore. Revenue from operations rose 23% to Rs 2,724.9 crore. The stock closed 13.33% lower at Rs 294.10. The company guided for 10% to 13% constant currency revenue growth. Firstsource provides customer lifecycle solutions across healthcare, banking, financial services, communications, media, and technology sectors.


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Firstsource Solutions shares fall 17% after Q1 profit misses estimates | News Minimalist