Firstsource Solutions Q4 Results 2026: Date, Revenue, PAT & Analyst Outlook

Firstsource Solutions (NSE: FSL) is preparing to announce its Q4 FY26 financial results for the period ended March 31, 2026. The board of directors is scheduled to meet in May 2026 (Expected) to approve the audited statements and consider a final dividend recommendation. With the stock at Rs 320 — against a 52-week high of Rs 420 and a 1-year return of -18% — the Q4 FY26 results will be a pivotal event for investors.

Analyst estimates for Q4 FY26 revenue stand at Rs 2,300-2,500 Cr, with PAT expectations of Rs 200-228 Cr and margin projections of EBIT 13-14%. This article covers the Firstsource Solutions Q4 results 2026 date, earnings estimates, five key performance factors, five risks, analyst ratings, and the most commonly searched investor questions.

Firstsource Solutions Q4 Results 2026 Date

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Firstsource Solutions has scheduled its Q4 FY26 results for May 2026 (Expected). Here is the broader Q4 FY26 earnings calendar:

Why This Quarter Matters

Firstsource Solutions enters Q4 FY26 with expectations of 10-14% YoY CC growth. Q4 is the final quarter of FY26 — it determines full-year performance, sets FY27 estimate baselines, and triggers final dividend announcements. At a 1-year return of -18%, this quarter’s results and FY27 guidance will be critical in determining whether the stock can sustain recovery momentum.

Firstsource Solutions Q4 FY26 Earnings Estimates

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A positive surprise on any two of the four key parameters — revenue, margin, guidance, and dividend — could drive a meaningful post-results re-rating.

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5 Key Factors That Will Drive Firstsource Solutions Q4 FY26 Performance

Revenue Momentum

Analysts expect Rs 2,300-2,500 Cr in Q4 FY26 revenue (Q3: Rs 2,142 Cr). Q4 is seasonally important for the IT/BPO sector, driven by year-end order execution and government capex push. The ability to convert the pipeline into recognised revenue will be the first test.

Margin Trajectory

Q4 FY26 margin expectations are EBIT 13-14%, versus EBIT 13.2% in Q3. Input cost trends, employee expenses, and pricing power will determine the outcome. Any margin beat would be a significant positive catalyst.

PAT Quality

Net profit is estimated at Rs 200-228 Cr. Investors will assess whether PAT is driven by operational improvement or one-time items. A clean, recurring profit print is most positively received by institutional investors.

Management Guidance for FY27

The most consequential output will be FY27 guidance — revenue bands, margin targets, and capex plans. In the current global macro environment, credible and specific FY27 guidance will be valued more than usual by the market.

Dividend Declaration

Firstsource Solutions is expected to consider a final dividend of Rs 3-4 per share. The quantum signals confidence in free cash flow generation and sets expectations for FY27 capital allocation strategy.

5 Risks to Watch in Firstsource Solutions Q4 FY26

US Tariff and Macro Headwinds

The 26% US reciprocal tariff on Indian goods has created macro uncertainty across Indian equities. For Firstsource Solutions, indirect impacts include FII outflows and potential earnings estimate cuts if global demand slows. A tariff negotiation breakthrough remains the most significant macro upside catalyst.

Earnings Miss Risk

If Firstsource Solutions’s Q4 FY26 results miss estimates, the stock could correct sharply. Investors should monitor revenue versus the Rs 2,300-2,500 Cr estimate and PAT versus Rs 200-228 Cr as the two primary watchpoints on results day.

FY27 Guidance Below Consensus

If FY27 guidance falls below Street expectations, the stock may decline even if Q4 numbers are in line. In the current environment, forward guidance carries more weight than the reported quarter.

FII Outflow Continuation

FIIs sold Rs 22,000 crore in Indian equities in a single week following the tariff announcement. Continued selling pressure would create headwinds for Firstsource Solutions regardless of company-specific fundamentals.

Sector Regulatory Risk

The IT/BPO sector faces evolving regulatory frameworks. Any policy changes that increase compliance costs or alter competitive dynamics could affect Firstsource Solutions’s profitability beyond current consensus models.

Firstsource Solutions Share Price and Analyst Ratings

Firstsource Solutions is trading at Rs 320 as of early April 2026, against a 52-week high of Rs 420 and a 52-week low of Rs 260. Market cap stands at Rs 21,200 Cr. The 1-year return of -18% reflects sector headwinds alongside company-specific factors.

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Conclusion

Firstsource Solutions Q4 FY26 results on May 2026 (Expected) will be a key event for investors monitoring the IT/BPO sector. Analysts project PAT of Rs 200-228 Cr and revenue of Rs 2,300-2,500 Cr. At a CMP of Rs 320 and analyst targets ranging from Rs 385 to Rs 400, the stock offers meaningful risk-reward for informed investors. FY27 guidance will be the most critical post-results catalyst.

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Frequently Asked Questions

What is the Firstsource Solutions Q4 results 2026 date?

The Firstsource Solutions Q4 results 2026 date is May 2026 (Expected). The board will meet to approve audited Q4 FY26 financials and consider a dividend recommendation.

What is the Firstsource Solutions Q4 FY26 PAT estimate?

Analysts estimate Firstsource Solutions Q4 FY26 PAT at Rs 200-228 Cr, based on revenue of Rs 2,300-2,500 Cr and margin of EBIT 13-14%. Actual results may differ from consensus.

What is Firstsource Solutions’s share price ahead of Q4 results?

Firstsource Solutions is trading at Rs 320. The 52-week high is Rs 420 and low is Rs 260. The 1-year return is -18% and market cap is Rs 21,200 Cr.

Will Firstsource Solutions declare a dividend in Q4 FY26?

Firstsource Solutions is expected to consider a final dividend of Rs 3-4 per share at the Q4 FY26 board meeting on May 2026 (Expected).

Which analysts have a Buy rating on Firstsource Solutions?

MOFSL (Buy, Rs 400), YES Securities (Buy, Rs 390), JM Financial (Add, Rs 375), Emkay (Buy, Rs 385) have positive ratings heading into Q4 FY26.

What were Firstsource Solutions Q3 FY26 results?

Firstsource Solutions reported Q3 FY26 revenue of Rs 2,142 Cr and PAT of Rs 186 Cr, with margin at EBIT 13.2%. These form the baseline for Q4 FY26 estimates.

When do Infosys and TCS announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026. Read the TCS Q4 Results 2026 preview on Univest Blogs. Infosys Q4 FY26 results are scheduled for April 23, 2026. Read the Infosys Q4 Results 2026 preview on Univest Blogs.

Is Firstsource Solutions a good investment ahead of Q4 results?

This depends on your risk appetite and portfolio context. Firstsource Solutions has compelling long-term factors alongside genuine near-term risks. Consult a SEBI-registered financial advisor. Use the Univest Screener to assess fundamentals independently.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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