Firstsource Solutions : Q1 2024 Financial Quarterly Report : YoY Sales Up 17.13 %, QoQ Up 7.22 %

The comprehensive analytics outlining the performance and outlook of Firstsource Solutions Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Firstsource Solutions Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.13 %. However, it did see a marginal increase of 7.22 % from the previous quarter. Expenses ticked up slightly by 7.12 % quarter-on-quarter, aligning with the annual rise of 18.01 %. Operating profit, while up 12.36 % compared to last year, faced a quarter-on-quarter increase of 7.81 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.64 %, but an expansion of 0.08 % sequentially. Other income fell by -34.71 % compared to the last quarter, despite an annual growth of 6.07 %. Interest expenses surged remarkably by 19.11 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.56 %. Depreciation costs climbed by 8.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.94 %. Profit before tax grew annually by 7.71 % but saw an increase from the preceding quarter by 5.01 %.
Tax expenses as a percentage of profits increased slightly by 0.27 % compared to last year, with a more notable quarter-on-quarter increase of 2.95 %. Net profit rose by 7.35 % year-on-year but experienced a 1.31 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 6.67 % but a quarterly rise of 1.05 %. In summary, Firstsource Solutions Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Firstsource Solutions Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.13 % year-on-year growth, however, there was a minor increase of 7.22 % from the previous quarter. Expenses rose by 18.01 % compared to the previous year, with a 7.12 % increase quarter-on-quarter. Operating Profit surged by 12.36 % annually, and saw a 7.81 % increase from the last quarter.
Net Profit showed yearly increase of 7.35 %, and experienced a 1.31 % increase from the previous quarter. Earnings Per Share (EPS) rose by 6.67 % annually, however rose by 1.05 % compared to the last quarter. In essence, while Firstsource Solutions Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.