You are here » Home » Companies » Company Overview » Firstsource Solutions Ltd

Firstsource Solutions Ltd.

BSE: 532809 Sector: IT
NSE: FSL ISIN Code: INE684F01012
BSE 00:00 | 06 Dec 112.10 -1.30
(-1.15%)
OPEN

113.00

HIGH

113.50

LOW

110.95

NSE 00:00 | 06 Dec 112.15 -1.35
(-1.19%)
OPEN

112.95

HIGH

113.50

LOW

110.95

OPEN 113.00
PREVIOUS CLOSE 113.40
VOLUME 53741
52-Week high 191.35
52-Week low 93.00
P/E 25.48
Mkt Cap.(Rs cr) 7,848
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 113.00
CLOSE 113.40
VOLUME 53741
52-Week high 191.35
52-Week low 93.00
P/E 25.48
Mkt Cap.(Rs cr) 7,848
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Firstsource Solutions Ltd. (FSL) - Chairman Speech

Company chairman speech

EXECUTING OUR GROWTH STRATEGY

Dear Shareholders

We delivered yet another year of healthy profitable growth with revenues up 16.6% Y-o-Yto Rs 59212 million Operating profits at Rs 7105 million and Profit After Tax (PAT)increasing by 48.6% Y-o-Y to INR 5374 million.

Our business witnessed robust growth as a result of our strong emphasis on executiondespite macro headwinds. Our strategy of investing in our three core industries of Bankingand Financial Services Healthcare and Communication Media and Technology; consolidatingour leadership position in our chosen sub-verticals; and systematically adding growthadjacencies to them have started to yield positive results and holds us in good stead tomitigate the volatility of any specific business segment in any given year.

Our industry segments maintained momentum throughout the year which contributed to theyear's strong performance. Our strategic emphasis on sales account management and digitalsolutions allowed us to achieve promising results. Additionally as we continued to launchdistinctive service expanded our digital-first capabilities organically and inorganically.Growing and maturing our digital ecosystem to accelerate transformation for our globalclients remained a top priority and to that end we added several market-leadingtechnology partners.

We successfully executed two acquisitions in the year. The integration of theseentities is proceeding as planned and we remain enthusiastic about our expandedcapabilities and cross-selling opportunities.

Our progress in our digital solutions and initiatives to take disruptive offerings tomarket has now made us the recognized category leader in our offerings like digitalcollections for consumer debt and digital intake in Healthcare. During the year theglobally reputed research firm leaders in our HPHS and Mortgage businesses. Thisrecognition is not only a validation of our effective strategy but also demonstrates anindustry endorsement of our ability to build a strong and resilient business. Wesuccessfully executed two acquisitions in the year - American Recovery Services Inc. andThe Stonehill Group.

Our progress in our digital solutions and initiatives to take disruptive offerings tomarket has now made us the recognized category leader in our offerings like digitalcollections for consumer debt and digital intake in Healthcare.

These acquisitions were consistent with our inorganic growth strategy to addcomplementary offerings to our current offerings. The integration of these entities isproceeding as planned and we remain enthusiastic about our expanded capabilities andcross-selling opportunities.

For a few years now we have been practicing an ethos of strong governance andsustainability. To create a more tangible construct of these efforts this year weestablished our ESG strategy. This framework will serve to guide our actions and impact onall our stakeholders while also making eminent business sense as employees customers andinvestors all value intrinsic ESG culture and investments.

On behalf of Firstsource I would like to thank all our stakeholders for theircontinued trust and like to thank all our people for demonstrating unwavering commitmentand partnering us as we accelerate digital transformation journeys for our clients withpurpose.

Dr Sanjiv Goenka
Chairman

.