Firstsource Solutions Financial Statements

Firstsource Solutions (FSL) reported revenue of ₹79.79B in FY2025 with net income of ₹5.94B. Total assets stood at ₹79.22B and free cash flow was ₹4.60B.

Firstsource Solutions Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		50.79B	59.22B	61.53B	63.73B	79.79B
Cost of Rev. Cost of Revenue		-34.67B	-39.47B	-38.67B	-39.09B	-49.96B
Gross Profit		16.12B	19.75B	22.86B	24.64B	29.84B
SGA Sales, General & Admin		-8.07B	-10.15B	-13.28B	-14.70B	-17.77B
Op. Income Operating Income		5.99B	7.11B	6.94B	7.33B	8.80B
PBT Profit Before Tax		4.32B	6.47B	6.15B	6.30B	7.41B
Net Income		3.62B	5.37B	5.14B	5.15B	5.94B
Dil. Shares Diluted Shares		693.10M	705.50M	701.66M	701.62M	705.67M
Diluted EPS		5.22	7.62	7.32	7.34	8.42

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Firstsource Solutions's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Firstsource Solutions Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		12.31B	14.21B	14.08B	15.35B	22.24B
Non-curr. assets Total non-current assets		35.98B	42.88B	42.56B	45.41B	56.98B
Total assets		48.30B	57.09B	56.64B	60.76B	79.22B
Curr. liabilities Total current liabilities		14.02B	15.35B	15.60B	16.38B	24.29B
Non-curr. liab. Total non-current liabilities		6.28B	11.40B	7.38B	7.37B	13.96B
Total liabilities		20.30B	26.75B	22.97B	23.75B	38.24B
Total equity		28.00B	30.33B	33.67B	37.01B	40.98B
Total liab. & eq. Total liabilities & equity		48.30B	57.09B	56.64B	60.76B	79.22B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Firstsource Solutions's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Firstsource Solutions Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		4.32B	6.47B	6.15B	6.30B	7.41B
Operating CF Cash flow Operating Activities		9.76B	7.04B	7.96B	6.44B	7.01B
Capex Investments in PPE		-1.73B	-894.30M	-1.55B	-851.04M	-2.41B
Investing CF Cash flow Investing Activities		-3.50B	-3.95B	1.32B	-579.93M	-7.46B
Dividend Paid		-2.04B	-1.69B	-896.90M	-2.41B	-2.76B
Financing CF Cash flow Financing Activities		-6.89B	-1.98B	-2.35B	-5.63B	225.92M
Cash (start) Cash at beginning of period		1.91B	535.85M	1.52B	1.52B	1.75B
Cash (end) Cash at end of period		1.37B	1.65B	8.46B	1.75B	1.54B
FCF Free Cash Flow		8.02B	6.14B	6.41B	5.59B	4.60B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Firstsource Solutions's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025