Integrated Filing — IndAS

General information about company
Scrip Code	532809
NSE Symbol	FSL
MSEI Symbol	NOTLISTED
ISIN	INE684F01012
Name of company	FIRSTSOURCE SOLUTIONS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	28-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	07-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth 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	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	28-Apr-2025   15:00:00
End date and time of board meeting	28-Apr-2025   16:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	21614580000	79803140000
	Other income	21180000	-8670000
	Total income	21635760000	79794470000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	13515000000	49957800000
(e)	Finance costs	426240000	1478760000
(f)	Depreciation, depletion and amortisation expense	905980000	3270350000
(f)	Other Expenses
1	Services rendered by business associates and others	1294100000	4338710000
2	Technology and applications support cost	528980000	2343590000
3	Legal and professional fees	549600000	2084560000
4	Communication expenses	476720000	1743730000
5	Rent, net	241890000	1161790000
6	Repairs, maintenance and upkeep	274080000	967960000
7	Marketing and support fees	255330000	884270000
8	Travel and conveyance	234910000	783010000
9	Car hire charges	132810000	526900000
10	Miscellaneous expenses, net	782990000	2934620000
	Total other expenses	4771410000	17769140000
	Total expenses	19618630000	72476050000
3	Total profit before exceptional items and tax	2017130000	7318420000
4	Exceptional items	0	88090000
5	Total profit before tax	2017130000	7406510000
6	Tax expense
7	Current tax	283330000	1294640000
8	Deferred tax	126940000	167360000
9	Total tax expenses	410270000	1462000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	1606860000	5944510000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	1606860000	5944510000
17	Other comprehensive income net of taxes	-186130000	432570000
18	Total Comprehensive Income for the period	1420730000	6377080000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	1606850000	5944550000
	Total profit or loss, attributable to non-controlling interests	10000	10000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	1420760000	6376960000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-30000	120000
21	Details of equity share capital
	Paid-up equity share capital	6969910000	6969910000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.33	8.63
	Diluted earnings (loss) per share from continuing operations	2.28	8.42
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	2.33	8.63
	Diluted earnings (loss) per share from continuing and discontinued operations	2.28	8.42
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. Figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited consolidated financial statements in respect of the full years and the audited consolidated condensed interim financial statements for nine months ended December 31, 2024 and December 31, 2023 respectively, which are prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on April 28, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. n2. The Company during the quarter has acquired 100% equity interest and control of the businesses of AccunAI India Services Private Limited (“AccunAI”), for a purchase consideration of Rs 80.25 mn on February 7, 2025. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2762900000
	Capital work-in-progress	491410000
	Investment property	9125760000
	Goodwill	36799240000
	Other intangible assets	1247600000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method	70000
	Non-current financial assets
	Non-current investments	115210000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	1026460000
	Total non-current financial assets	1141670000
	Deferred tax assets (net)	2734630000
	Other non-current assets	2678580000
	Total non-current assets	56981860000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	615630000
	Trade receivables, current	16860310000
	Cash and cash equivalents	1542120000
	Bank balance other than cash and cash equivalents	127810000
	Loans, current	0
	Other current financial assets	206320000
	Total current financial assets	19352190000
	Current tax assets (net)
	Other current assets	2888280000
	Total current assets	22240470000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	79222330000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	6969910000
	Other equity	34006390000
	Total equity attributable to owners of parent	40976300000
	Non controlling interest	3960000
	Total equity	40980260000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3419000000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	8650290000
	Total non-current financial liabilities	12069290000
	Provisions, non-current	240820000
	Deferred tax liabilities (net)	1645110000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	13955220000
	Current liabilities
	Current financial liabilities
	Borrowings, current	11907950000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3976700000
	Total Trade payable	3976700000
	Other current financial liabilities	6504450000
	Total current financial liabilities	22389100000
	Other current liabilities	1105020000
	Provisions, current	643340000
	Current tax liabilities (Net)	149390000
	Deferred government grants, Current
	Total current liabilities	24286850000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	38242070000
	Total equity and liabilites	79222330000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	1.Right of use Assets is included in Rs. 9,125.76 in investment property.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts 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	7234460000	27119160000
2	Healthcare	7330190000	27823870000
3	Communication, Media and Technology	4559990000	16897740000
4	Diverse Industries	2553040000	7880230000
	Total Segment Revenue	21677680000	79721000000
	Less: Inter segment revenue
	Revenue from operations	21677680000	79721000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Banking and Financial Services	1336800000	4482280000
2	Healthcare	1014580000	3701400000
3	Communication, Media and Technology	711990000	2839610000
4	Diverse Industries	250970000	918100000
	Total Profit before tax	3314340000	11941390000
	i. Finance cost	426240000	426240000
	ii. Other Unallocable Expenditure net off Unallocable income	870970000	870970000
	Profit before tax	2017130000	7406510000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Banking and Financial Services	0	0
2	Healthcare	0	0
3	Communication, Media and Technology	0	0
4	Diverse Industries	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	Banking and Financial Services	0	0
2	Healthcare	0	0
3	Communication, Media and Technology	0	0
4	Diverse Industries	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

1.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.ttttt n2.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.ttttt n3.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. n4.Other unallocable expenditure net off unallocable income includes exceptional items, net of Rs. 88.09 mn.ttttt n

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
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
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	186130000	-432570000
5	Total Other comprehensive income	-186130000	432570000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			7406510000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1478760000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-4208570000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-1233460000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			498060000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3270350000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			325240000
	Adjustments for dividend income			0
	Adjustments for interest income			26840000
	Adjustments for share-based payments			715880000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			3750000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			823170000
	Net cash flows from (used in) operations			8229680000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1218720000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			7010960000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			5098960000
	Other cash receipts from sales of equity or debt instruments of other entities			26298880000
	Other cash payments to acquire equity or debt instruments of other entities			26458680000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			175860000
	Purchase of property, plant and equipment			2411950000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			26840000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			9050000
	Net cash flows from (used in) investing activities	-7458960000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			362000000
	Payments of other equity instruments			224820000
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			8580590000
	Repayments of borrowings			1793680000
	Payments of lease liabilities			1636380000
	Dividends paid			2758570000
	Interest paid			1579220000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			225920000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-222080000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			16460000
	Net increase (decrease) in cash and cash equivalents			-205620000
	Cash and cash equivalents cash flow statement at beginning of period			1747740000
	Cash and cash equivalents cash flow statement at end of period			1542120000