Firstsource Q1 FY2024 Earnings Update

Firstsource reports Q1 FY2024 earnings with revenues of ₹15,292 million (US$186 million) and YoY growth of 3.9% in constant currency. Operating margin reached ₹1,789 million (11.7%) with 375 basis points margin expansion, while profit after tax grew 48.1% to ₹1,260 million (8.2% margin). Diluted EPS increased to ₹1.80 per share from ₹1.21 in Q1 FY2023.