{"id":132581,"date":"2022-08-05T10:13:50","date_gmt":"2022-08-05T14:13:50","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132581"},"modified":"2022-10-06T04:51:16","modified_gmt":"2022-10-06T08:51:16","slug":"firstsource-solutions-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/firstsource-solutions-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Firstsource Solutions Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Firstsource Solutions Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/FSL\/\">FSL<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>FSL said it expects growth to pick up in 2H23. However said, the inventory buildup is slower than anticipated and consequently FSL is trimming its growth expectations. The mortgage business is expected to impact growth guidance by 3.5-4% and collections by about 1%.<\/li>\n<\/ul>\n<ul>\n<li>FSL said it is targeting an overall operating margin of 11.5-12% by 4Q23.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Manik Taneja from JM Financial asked about the healthcare HPHS business, if the company expects typical seasonality where 3Q and 4Q should do better than 1H23. Vipul Khanna MD said that there is an uptick in 3Q23 and it bleeds over into 4Q23. It&#8217;s not significant, but it&#8217;s an uptick that FSL sees in Q3, Q4 historically across its health plans.<\/li>\n<\/ul>\n<ul>\n<li>Dipesh Mehta of Emkay Global enquired how the revenue and margin trajectory look like in the next 3 quarters. Vipul Khanna MD said that overall FSL expects growth to pick up through the year. And at an overall level 2Q23 will be flattish vs. 1Q23. And ex-mortgage, FSL expects good growth in other business within 2Q23 and the trend is expected to continue.<\/li>\n<\/ul>\n<ul>\n<li>Shradha Agrawal with Asian Market Securities asked to quantify the mix of servicing and origination in the mortgage business. Vipul Khanna MD said that for end of FY23, FSL expects to be between two-thirds servicing and one-third origination. Currently, FSL is at about 40-60, between origination and servicing.<\/li>\n<\/ul>\n<ul>\n<li>Shradha Agrawal of Asian Market Securities asked what FSL means by leadership restructuring. Vipul Khanna MD answered that at the senior level, FSL has stability, but at the operating level at some of the solutioning and staff level, FLS had to recalibrate the business to the new reality of volumes.<\/li>\n<\/ul>\n<ul>\n<li>Sachin Kasera from Swan Investments asked if net debt would be reduced now before doing any major acquisition. Dinesh Jain CFO replied that in 1Q23 FSL reduced the debt as all the cash flow was utilized only for that purpose. And these are money utilized for working capital.<\/li>\n<\/ul>\n<ul>\n<li>Sachin Kasera from Swan Investments also asked that with the surplus cash that will be generated post the payout, if FSL will look at some acquisition opportunities. Vipul Khanna MD answered that FSL continues to look systematically for adjacent growth areas and as part of that inorganic is a strategy.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Firstsource Solutions Ltd (FSL) Q1 FY23 Earnings Concall Management Update: FSL said it expects growth to pick up in 2H23. However said, the inventory buildup is slower than anticipated and consequently FSL is trimming its growth expectations. The mortgage business is expected to impact growth guidance by 3.5-4% and collections by about [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Firstsource Solutions Ltd Q1 FY23 Earnings Conference Call Insights #FSL #Q1 #FY23 #earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8683],"class_list":["post-132581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-business-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140100,"url":"https:\/\/alphastreet.com\/india\/firstsource-solutions-ltd-fsl-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":132581,"position":0},"title":"Firstsource Solutions Ltd (FSL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 5, 2023","format":false,"excerpt":"","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141319,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-firstsource-solutions-for-q3-fy23\/","url_meta":{"origin":132581,"position":1},"title":"Earnings Summary Of Firstsource Solutions For Q3 FY23","author":"Hardik Bhandare","date":"February 13, 2023","format":false,"excerpt":"Firstsource Solutions Limited (NSE: FSL) is an Indian multinational company that provides business process management and customer relationship management services. The company operates in the healthcare, banking and financial services, telecom and media, and insurance sectors. The company reported Revenue of \u20b91,503.31 Cr in the quarter ended December 2022, up\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179402,"url":"https:\/\/alphastreet.com\/india\/firstsource-solutions-reports-strong-q3-fy26-results-raises-annual-growth-guidance\/","url_meta":{"origin":132581,"position":2},"title":"Firstsource Solutions Reports Strong Q3 FY26 Results, Raises Annual Growth Guidance","author":"Staff Correspondent","date":"February 3, 2026","format":false,"excerpt":"Firstsource Solutions (FSL), a leading global provider of specialist domain-led Business Process Services and an RP-Sanjiv Goenka Group company, has reported robust financial results for the quarter ended December 31, 2025. Characterized by strong cash generation and the signing of five large deals, the company has subsequently raised its constant\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":156718,"url":"https:\/\/alphastreet.com\/india\/fairchem-organics-ltd-q2fy24-150-rise-in-profits\/","url_meta":{"origin":132581,"position":3},"title":"Fairchem Organics Ltd Q2FY24; 150% rise in Profits","author":"Divyansh_Kasana","date":"November 28, 2023","format":false,"excerpt":"Fairchem Organics Limited was established in 2019, wherein Fairchem Speciality Limited (FSL) transferred the businesses of Oleo chemicals and nutraceuticals as per the scheme of demerger. Fairchem Organics is engaged in manufacturing of specialty chemicals like dimer acid, linoleic acid, mixed tocopherol concentrate and sterols concentrate, which find application in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-345.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143430,"url":"https:\/\/alphastreet.com\/india\/ramco-systems-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132581,"position":4},"title":"Ramco Systems Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 28, 2023","format":false,"excerpt":"Key highlights from Ramco Systems Ltd (RAMCOSYS) Q3 FY23 Earnings Concall Management Update: [00:03:45] RAMCOSYS said the company recorded its highest ever bookings in eight quarters for 3Q23. [00:05:53] RAMCOSYS\u2019 attrition came down by 6 percentage on a TTM basis, with the trend declining. Q&A Highlights: [00:09:26] Vivek Turaga from\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132191,"url":"https:\/\/alphastreet.com\/india\/zomato-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132581,"position":5},"title":"Zomato Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 3, 2022","format":false,"excerpt":"Key highlights from Zomato Ltd (ZOMATO) Q1 FY23 Earnings Concall Q&A Highlights: Analyst asked about path to profitability for ZOMATO. Akshant Goyal CFO replied that on a cash flow basis, in 1Q23 the company was positive on cash flow. The next target is to get ZOMATO to adjusted EBITDA breakeven\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132581"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}