India's Firstsource falls as brokers cut earnings estimate on growth concerns

Firstsource Solutions

07/05/2026 08:23

** Shares of India's Firstsource Solutions FISO.NS fall 2.67% to 236.92 rupees

** IT firm's Q4 profit jumps 27.7% y/y to 2.05 billion rupees ($21.60 million)

** BOB Capital Markets cuts PT by 24 rupees to 299 rupees; trims EPS estimates by 4%-7% for FY27-FY29 on lower revenue outlook

** Emkay cuts FY28 EPS estimate by ~4%, keeps FY27 largely unchanged; flags persistent revenue growth challenges

** Nomura trims FY27-28 EPS estimate marginally; sees ~22% EPS CAGR over FY27-FY28

** Stock had jumped and closed ~11.3% up on Wednesday after results were announced

** YTD, stock down ~30%

($1 = 94.8900 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))