Firstsource Solutions

EBIT grew from ₹2,498 Cr to ₹3,367 Cr from Q1 FY26 to Q1 FY27 — demonstrating consistent operating leverage

Attrition rose from 28.9% to 33.1% from Q1 FY26 to Q1 FY27 — signaling retention risks

Top 10 client revenue share fell from 42.6% to 39.2% from Q1 FY26 to Q1 FY27 — reducing key client dependency

Short-term borrowings climbed from ₹10,908 Cr to ₹20,163 Cr from Q1 FY26 to Q1 FY27 — increasing short-term leverage

Offshore and nearshore delivery share rose from 41.2% to 43.5% from Q1 FY26 to Q1 FY27 — boosting margin potential

Trade receivables grew from ₹15,935 Cr to ₹23,215 Cr from Q1 FY26 to Q1 FY27 — indicating slower cash collection

Women employees increased from 47.0% to 48.5% from Q1 FY26 to Q4 FY26 — advancing diversity goals

Operating expenses rose from ₹5,499 Cr to ₹7,420 Cr from Q1 FY26 to Q1 FY27 — outpacing revenue growth

Strategic logos dropped from 9 to 3 from Q1 FY26 to Q1 FY27 — indicating client churn