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Revenue from operations increased 5.11% to Rs 1,526.69 crore in Q1 FY24 as compared with Rs 1,452.44 crore in same quarter last year.
Profit before tax jumped 48.25% year on year to Rs 155.29 crore during the quarter.
Operating margin stood at Rs 178.9 crore, up 52.8% YoY during the quarter.
In Q1 FY24, the company reported revenue of $186 million, year on year growth of 3.9%.
Sanjiv Goenka, chairman - RPSG Group and Firstsource Solutions, said, “The first quarter FY24 results for Firstsource reflect the success of our strong, domain-led offerings underpinned by our sharp client focus to help enterprises navigate rapid economic, technology, and consumer evolution. We deepened our partnership with our top client, demonstrating our capabilities as a trusted partner for growth. The significant investments in Digital solutions position us advantageously to capitalize on the increasing demand for solutions powered by Generative AI and Machine Learning.”
Firstsource Solutions is a global provider of business process management (BPM) services and an RP-Sanjiv Goenka Group company.
The scrip declined 2.07% to Rs 144 on the BSE.
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