Firstsource Solutions Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter

The Firstsource Solutions Q2 results FY27 announcement is the next scheduled earnings event for Firstsource Solutions Ltd., provides business process management and outsourcing services across banking, healthcare, telecom and other sectors, as part of the RP-Sanjiv Goenka Group. The stock traded at Rs 282.40 on the NSE on 15 September 2026, up 14.05% from the previous close of Rs 247.60, about 25.6% below its 52-week high of Rs 379.70 and 39.8% above its 52-week low of Rs 202.00.

What makes the Firstsource Solutions Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 2,312.00 crore of revenue and a profit of Rs 180.00 crore, while the most recent quarter on record, Q1 FY27, produced Rs 2,725.00 crore and a profit of Rs 166.00 crore. Everything below is built from those reported figures rather than from any forecast.

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When Is the Firstsource Solutions Q2 Results FY27 Date?

The Firstsource Solutions Q2 results date for FY27 is not confirmed. As of 15 September 2026, Firstsource Solutions Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.

What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the Firstsource Solutions Q2 results date becomes public through that filing rather than through any advance announcement.

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The Firstsource Solutions Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for Firstsource Solutions.

Firstsource Solutions Q2 Results Expectations: What the Market Is Actually Tracking

No verified analyst estimate for the Firstsource Solutions Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for Firstsource Solutions. The Firstsource Solutions Q2 results watchlist below is built from what the company has actually reported and disclosed.

Investors tracking Firstsource Solutions Q2 results will be watching whether the BPM services provider can convert its steady revenue growth into more consistent net profit, after revenue rose from Rs 2,218 crore in the June 2025 quarter to Rs 2,725 crore in June 2026. Operating margin has improved gradually from 16% across the first three quarters of this stretch to 17% in March and June 2026, alongside operating profit rising from Rs 347 crore to Rs 451 crore over the same period. Net profit, though, has been far less smooth, dropping to Rs 120 crore in December 2025 from Rs 180 crore in September 2025, before recovering to Rs 205 crore in March 2026 and then falling again to Rs 166 crore in June 2026 despite higher revenue and margin. Whether the September 2026 quarter closes this gap between rising operating profit and uneven net profit will be a key point of focus.

The December 2025 net profit dip to Rs 120 crore, and the June 2026 dip to Rs 166 crore even as revenue and operating margin both improved, are flagged as possibly reflecting below-the-line items such as forex movements, tax charges or exceptional items that are not visible in the headline revenue and operating profit numbers; these have not been independently confirmed and should not be read as a clean deterioration in the core business. Because operating profit has risen in every quarter of this data set, from Rs 347 crore to Rs 451 crore, the net profit swings appear more likely to be non-operating in nature than a sign of weakening underlying demand. This distinction between steady operating performance and volatile net profit is likely to remain relevant when the September 2026 quarter numbers are assessed.

Firstsource Solutions' market capitalization is down roughly 33% year-on-year despite the revenue growth seen across these quarters, according to the underlying data, pointing to margin and valuation multiple compression in how the market has priced the stock over the period. Investors will be watching whether the September 2026 quarter can narrow this gap between operational growth and market valuation, and whether net profit tracks closer to the Rs 180-205 crore range seen in three of the last five quarters rather than the lower December 2025 and June 2026 readings.

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Firstsource Solutions Q2 Results Preview: The Q1 FY27 Actuals It Builds On

Firstsource Solutions Ltd. reported revenue of Rs 2,725.00 crore in Q1 FY27, up 22.86% from Rs 2,218.00 crore in Q1 FY26, and a profit of Rs 166.00 crore at the net level, down 1.78% from Rs 169.00 crore in Q1 FY26. These are reported actuals, not estimates.

Sequentially, revenue was up 5.50% over the March 2026 quarter figure of Rs 2,583.00 crore, and net profit was down 19.02% from Rs 205.00 crore in Q4 FY26. Operating margin stood at 16.0% in Q1 FY27 against 16.0% in the September 2025 quarter, which is the comparison the Firstsource Solutions Q2 results print will be read against.

Q2 FY26 Base: The Comparison Firstsource Solutions Q2 Results FY27 Must Beat

Firstsource Solutions Ltd. reported revenue of Rs 2,312.00 crore and a profit of Rs 180.00 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this Firstsource Solutions Q2 results preview.

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Net profit in that base quarter was above the Rs 166.00 crore just reported for Q1 FY27, so the year-on-year comparison starts from a demanding level. Revenue of Rs 2,312.00 crore sits below the Rs 2,725.00 crore of the June 2026 quarter, which frames how much sequential movement the Firstsource Solutions Q2 results print needs to show growth.

Firstsource Solutions Quarterly Results Trend Over the Last Four Quarters

Quarter	Revenue (Rs Cr)	Net Profit (Rs Cr)
Q2 FY26 (Sep 2025)	2,312.00	180.00
Q3 FY26 (Dec 2025)	2,443.00	120.00
Q4 FY26 (Mar 2026)	2,583.00	205.00
Q1 FY27 (Jun 2026)	2,725.00	166.00

Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company's exchange filings, and they are the only basis this Firstsource Solutions Q2 results preview uses.

Revenue across those four quarters ranged from Rs 2,312.00 crore to Rs 2,725.00 crore, and net profit from Rs 120.00 crore to Rs 205.00 crore. That spread is the honest context for the Firstsource Solutions Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.

Key Factors That Could Shape Firstsource Solutions Q2 Results FY27

The Firstsource Solutions Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what Firstsource Solutions has already reported.

Valuation snapshot

Firstsource Solutions trades at a trailing P/E of 21.9 and a price-to-book multiple of 4.55 against a book value of Rs 62.0 per share, with the stock at around Rs 282.4. Return on equity of 17.6% and return on capital employed of 16.8% point to a reasonably profitable services business, set against a valuation that has come down alongside the market cap decline over the past year.

Price and technical setup

The stock has moved up sharply of late, at around Rs 282.4 against a previous close of Rs 247.6, and is trading above both its 50-day moving average of Rs 271.39 and 200-day moving average of Rs 270.51. It remains below its 52-week high of Rs 379.7 while well above its 52-week low of Rs 202.0, and the relative strength index of 55.64 sits in neutral territory heading into the results.

Balance sheet and dividend

Firstsource Solutions carries a debt-to-equity ratio of 0.67, a moderate level of borrowing for a services company, alongside a dividend yield of 2.22%, one of the higher payout levels among the peers covered here. This combination of moderate debt and a steady dividend gives investors some cushion while they watch how the September 2026 quarter's net profit trend plays out against the more volatile pattern of recent quarters.

Firstsource Solutions Q2 Results FY27: Share Price and Valuation Going Into the Print

Firstsource Solutions share price today is Rs 282.40 on the NSE, up Rs 34.80 or 14.05% from the previous close of Rs 247.60 on 15 September 2026, ahead of the Firstsource Solutions Q2 results announcement.

Metric	Value (15 September 2026)
NSE Symbol	FSL
Current Market Price	Rs 282.40
52-Week High	Rs 379.70
52-Week Low	Rs 202.00
Market Capitalisation	Rs 17,506 crore
PE Ratio	21.90
PB Ratio	4.55
EPS (TTM)	Rs 12.89
Book Value per Share	Rs 62.00
Debt to Equity	0.67
Return on Equity	17.6%
50-Day Moving Average	Rs 271.39
200-Day Moving Average	Rs 270.51
RSI (14)	55.64

The stock trades above both its 50-day average of Rs 271.39 and its 200-day average of Rs 270.51, with a 14-day RSI of 55.64. None of this is a view on where the shares go once the Firstsource Solutions Q2 results are announced, and no price target is offered here.

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What Investors Should Watch When Firstsource Solutions Q2 Results Are Announced

Four lines carry most of the information in a company of this size, and reading them in order keeps the Firstsource Solutions Q2 results print in proportion.

1. Revenue against the Rs 2,312.00 crore reported in the September 2025 base quarter
2. Net profit against a profit of Rs 180.00 crore in that same quarter
3. Operating margin against 16.0% in Q1 FY27
4. Any exceptional item, provision or one-off gain disclosed alongside the numbers

A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the Firstsource Solutions Q2 results announcement should be read together with the notes to the results rather than the headline alone.

Conclusion on Firstsource Solutions Q2 Results FY27

The Firstsource Solutions Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. Firstsource Solutions Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.

On that basis the Firstsource Solutions Q2 results FY27 print faces a base of Rs 2,312.00 crore in revenue and a profit of Rs 180.00 crore, with the most recent quarter having delivered Rs 2,725.00 crore and a profit of Rs 166.00 crore. No numerical estimate appears in this preview because no verified consensus figure exists for Firstsource Solutions, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.

FAQs on Firstsource Solutions Q2 Results FY27

What is the Firstsource Solutions Q2 results date for FY27?

Ans. The Firstsource Solutions Q2 results date for FY27 is not confirmed. Firstsource Solutions Ltd. had not filed a board meeting intimation with the NSE or BSE as of 15 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.

What quarter do the Firstsource Solutions Q2 results 2026 cover?

Ans. The Firstsource Solutions Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. Firstsource Solutions Ltd. reports revenue, operating profit and net profit for that period, and the Firstsource Solutions Q2 results filing also carries the notes to the accounts.

What were the Firstsource Solutions Q1 FY27 results?

Ans. Firstsource Solutions Ltd. reported revenue of Rs 2,725.00 crore in Q1 FY27 and a profit of Rs 166.00 crore at the net level. Revenue was up 22.86% versus Q1 FY26 and net profit was down 1.78% from Rs 169.00 crore in Q1 FY26.

What were Firstsource Solutions Q2 FY26 results in the September 2025 quarter?

Ans. Firstsource Solutions Ltd. reported revenue of Rs 2,312.00 crore and a profit of Rs 180.00 crore in Q2 FY26. Operating margin was 16.0%. Those figures form the base for the Firstsource Solutions Q2 results FY27 comparison.

What are the main Firstsource Solutions Q2 results expectations this quarter?

Ans. No verified analyst estimate is publicly available. The Firstsource Solutions Q2 results expectations centre on revenue against the Rs 2,312.00 crore base, net profit against a profit of Rs 180.00 crore, operating margin against 16.0% in Q1 FY27, and any exceptional item disclosed with the numbers.

What is Firstsource Solutions share price today ahead of the Q2 earnings?

Ans. Firstsource Solutions share price is Rs 282.40 on the NSE as of 15 September 2026, up 14.05% from Rs 247.60. The stock is about 25.6% below its 52-week high of Rs 379.70 and 39.8% above its 52-week low of Rs 202.00, at a market capitalisation of Rs 17,506 crore.

Is Firstsource Solutions a good stock to buy before the Q2 results?

Ans. This article does not offer a buy, sell or hold recommendation on Firstsource Solutions Ltd. The stock trades at a price-to-book ratio of 4.55 with a return on equity of 17.6%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.