Firstsource Solutions (FSL) provides business process services to BFSI, communication, media, tech and healthcare.
FSL reported weak numbers on the margins front.
Software and Services firm Firstsource Solutions announced Q3FY23 results:
Q3FY23:
9MFY23:
Dr. Sanjiv Goenka, Chairman - RPSG Group and Firstsource Solutions, commented, "Firstsource delivered a steadfast performance amidst a challenging quarter. We fast-tracked our digital forays, continued our sharp focus on cost management and formalized our commitment to sustainable growth by unveiling our first ESG report. With a robust pipeline, an empowered workforce, and a diversified portfolio, we are poised to seize new market opportunities in the next few quarters."
Equity Capital: 3,032.94 Cr FV: 10.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 22,728.09 | -29,609.20 |
| LAST 3M | 42,048.80 | -31,382.80 |
| LAST 6M | 65,127.04 | 16,114.05 |
| LAST 12M | 194,271.06 | -118,498.61 |
| Date | Action Type | Ratio |
|---|---|---|
| Feb 17, 2023 | Dividend | 35 |
| Feb 17, 2022 | Dividend | 35 |
| Feb 17, 2021 | Dividend | 30 |
Firstsource Solutions Ltd. is a global provider of business process management solutions. It offers a wide range of services to the banking, financial, telecommunications, media, and healthcare sectors. It was incorporated in 2001, with its headquarters in Mumbai. For the quarter that ended in June 2022, the company posted a total income of Rs 1,478.71 crore. It was down by 4.20% from the previous quarter that ended in March 2022. The company’s market capitalisation on 1 November 2022 stood at Rs 7,297 crore.
The company is listed on the Bombay Stock Exchange with the code 532809 and on the National Stock Exchange with the code FSL.
At the time of incorporation, the company was known as ICICI InfoTech Upstream Ltd, a business process outsourcing entity wholly owned by ICICI Bank. It changed its name to Firstsource Solutions Ltd. in 2006. The company made a public offer in February 2007 and became a listed company on the Bombay Stock Exchange and the National Stock Exchange. It is also listed on the MCX Stock Exchange.
On 30 June 2022, the company’s shareholding pattern revealed a 53.66% promoter’s stake, a 7.95% foreign institutional investors’ stake, a 14.57% domestic institutional investors’ stake, and public holdings of 21.5%. The promoter’s share belongs to RPSG Ventures Ltd. In the June 2022 quarter, mutual funds holdings decreased from 12.91% to 12.84%, while FIIs holdings increased from 7.79% to 7.95%.
The company’s senior leadership team comprises Mr Vipul Khanna, Mr Prashanth Nandella, Mr Dinesh Jain, Mr Venkatgiri Vandali, Mr Rajiv Malhotra, Mr Sundara Sukavanam, Mr Steve Schachter, Mr Randall L Shafer, Mr Arjun Mitra, Ms Rajlakshmi Raghavan, and Ms Shuchika Sahay. Deloitte Haskins & Sells LLP are the auditors of the company. As of 30 June 2022, the number of outstanding shares was 69.70 crores.
On 1 November 2022, the company’s share price was trending at Rs 104.70 on BSE, and on NSE, it was trending at Rs 104.60. In 52 weeks, the share’s highest price was Rs 209.35, and its lowest price was Rs 93. The investor’s return for six months and one year was -16.24% and -48.70%, respectively.
Firstsource Solutions Ltd belongs to the industry of business process management. Its peers include Hinduja Global Solutions Ltd, Vakrangee Ltd, eClerx Services Ltd, and ALLSEC Technologies Ltd.
https://www.icicidirect.com/stocks/firstsource-solutions-ltd-share-price
https://groww.in/stocks/firstsource-solutions-ltd
https://www.firstsource.com/about
https://en.wikipedia.org/wiki/Firstsource
https://economictimes.indiatimes.com/firstsource-solutions-ltd/stocks/companyid-99.cms
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.
5th Floor Paradigm B Wing, Mindspace Link Road Malad (W), Mumbai, Maharashtra, 400064
| Tel | : | 91-022-66660888 |
| : | complianceofficer:firstsource.com | |
| Website | : | http://www.firstsource.com |
3i Infotech Ltd
| AGM Date (Month) | : | Jul |
| Face Value Equity Shares | : | 10 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 532809 |
| NSE Code | : | FSL |
| Book Closure Date (Month) | : | Jul |
| BSE Group | : | A |
| ISIN | : | INE684F01012 |
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