Integrated Filing — IndAS



General information about company

Scrip Code 532809
NSE Symbol FSL
MSEI Symbol NOTLISTED
ISIN INE684F01012
Name of company Main Board
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 06-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-08-2026   11:30:00
End date and time of board meeting 06-08-2026   12:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,72,487.60 2,72,487.60
Other income 611.00 611.00
Total income 2,73,098.60 2,73,098.60
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 1,53,156.70 1,53,156.70
(e) Finance costs 5,175.40 5,175.40
(f) Depreciation, depletion and amortisation expense 11,463.60 11,463.60
(f) Other Expenses
1 Services rendered by business associates and others 21,673.50 21,673.50
2 Legal and professional fees 9,910.90 9,910.90
3 Technology and applications support cost 9,499.90 9,499.90
4 Communication expenses 7,356.50 7,356.50
5 Marketing and support fees 4,096.90 4,096.90
6 Repairs, maintenance and upkeep 3,572.90 3,572.90
7 Rent, net 3,156.60 3,156.60
8 Travel and conveyance 2,699.20 2,699.20
9 Car hire charges 1,764.40 1,764.40
10 Miscellaneous expenses, net 10,469.40 10,469.40
Total other expenses 74,200.20 74,200.20
Total expenses 2,43,995.90 2,43,995.90
3 Total profit before exceptional items and tax 29,102.70 29,102.70
4 Exceptional items (7,168.60) (7,168.60)
5 Total profit before tax 21,934.10 21,934.10
6 Tax expense
7 Current tax 5,094.10 5,094.10
8 Deferred tax 248.30 248.30
9 Total tax expenses 5,342.40 5,342.40
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 16,591.70 16,591.70
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 16,591.70 16,591.70
17 Other comprehensive income net of taxes 4,483.00 4,483.00
18 Total Comprehensive Income for the period 21,074.70 21,074.70
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 16,591.80 16,591.80
Total profit or loss, attributable to non-controlling interests (0.10) (0.10)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 21,076.70 21,076.70
Total comprehensive income for the period attributable to owners of parent non-controlling interests (2.00) (2.00)
21 Details of equity share capital
Paid-up equity share capital 69,699.10 69,699.10
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.4 2.4
Diluted earnings (loss) per share from continuing operations 2.36 2.36
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.4 2.4
Diluted earnings (loss) per share from continuing and discontinued operations 2.36 2.36
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The audited consolidated financial results for the quarter ended June 30, 2026 have been approved by the Board of Directors at its meeting held on August 6, 2026. The statutory auditors have expressed an unmodified audit opinion. The financial results presented above is extracted from the audited condensed interim consolidated financial statements for the quarter ended June 30, 2026. These condensed interim consolidated financial statements are prepared in accordance with the Indian Accounting Standards 34 ('Ind AS 34') 'Interim Financial Reporting', as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued thereunder. 2.Exceptional items for the quarter ended June 30, 2026, comprise a charge of Rs. 716.86 million, (Rs. 563.14 net of tax), towards: (a) Rs. 356.73 million (Rs. 271.11 million net of tax) estimated to be non-recoverable following termination of contract by a client, based on the current progress of settlement discussions. (b) Rs. 283.74 million (Rs. 215.64 million net of tax) of an indemnification of regulatory penalty to a customer arising from non-fulfilment of contractual performance obligation. (c) Rs. 76.39 million of fair value adjustment on the contingent consideration payable on account of an earlier business combination. With respect to (a) above, the Group is in continuing discussions with the customer for recovery through contractual entitlement and with respect to (b) above, the Group has filed for recovery through indemnity under its insurance policy and based on the policy coverage the Group remains optimistic about a favorable outcome. 3.Revenue from operations includes Other operating income, net.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Banking and Financial Services 91,377.60 91,377.60
2 Healthcare 90,804.90 90,804.90
3 Communication, Media and Technology 56,620.30 56,620.30
4 Diverse Industries 36,372.30 36,372.30
Total Segment Revenue 2,75,175.10 2,75,175.10
Less: Inter segment revenue
Revenue from operations 2,75,175.10 2,75,175.10
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Banking and Financial Services 20,301.40 20,301.40
2 Healthcare 10,158.80 10,158.80
3 Communication, Media and Technology 14,260.40 14,260.40
4 Diverse Industries 2,523.70 2,523.70
Total Profit before tax 47,244.30 47,244.30
i. Finance cost 5,175.40 5,175.40
ii. Other Unallocable Expenditure net off Unallocable income 20,134.80 20,134.80
Profit before tax 21,934.10 21,934.10
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Banking and Financial Services 0.00 0.00
2 Healthcare 0.00 0.00
3 Communication, Media and Technology 0.00 0.00
4 Diverse Industries 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Banking and Financial Services 0.00 0.00
2 Healthcare 0.00 0.00
3 Communication, Media and Technology 0.00 0.00
4 Diverse Industries 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the Chief Operating Decision Maker (‘CODM’), in deciding how to allocate resources and in assessing performance. Operating segments are identified based on the internal organization at the Balance Sheet date. With the objective of internal financial reporting and decision making of the Group, the CODM has reviewed the manner in which the Group views the business risks and returns and monitors its operations. Accordingly, the group has identified business segment which comprises of Banking and Financial Services, Healthcare, Communication, Media and Technology and Diverse Industries. Revenues and expenses directly attributable to the segments are reported under each reportable segment. The accounting principles used in the preparation of the segment information are consistently applied to record revenue and expenditure in individual business segments. Assets and liabilities used in the Group’s business are not directly identified to any of the operating segments, as these are used interchangeably between segments. Allocation of such assets and liabilities is not practicable and any forced allocation would not result in any meaningful segregation. Hence assets and liabilities have not been identified to any of the reportable segments by the Group.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 Net changes in fair value on derivatives designated as cash flow hedges 5,995.70 5,995.70
2 Exchange difference on translation of foreign operations (246.00) (246.00)
Total Amount of items that will be reclassified to profit and loss 5,749.70
4 Income tax relating to items that will be reclassified to profit or loss 1,266.70 1,266.70
5 Total Other comprehensive income 4,483.00 4,483.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins Sells LLP Yes 31-07-2027