Firstsource Solutions Limited (NSE:FSL) Annual Report 2022



The latest annual report of Firstsource Solutions Limited (FSL) was published on 31 Mar 2022. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - FSL Annual Results

Amounts in INR

Total Revenue
59.21B
Gross Profit
19.05B
EBIT
7.1B
Net Tangible Assets
1.91B
Net Income
5.37B
Capital Expenditures
-850.3M

FSL Income Statement 2022 Annual Report

As per the latest Income Statement of FSL, the Net revenue increased by ₹8.43173B (17%) compared to the previous period. The operating income in 2022 increased by ₹1.12632B (19%). The net income as per the annual report was 5.37B which increased by ₹1.75688B (49%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue59.21B50.78B
Gross Profit19.05B15.5B
Operating Income7.1B5.98B
Income Before Tax6.47B4.32B
Net Income5.37B3.62B

Balance Sheet - FSL 2022 Annual Report

Read further: FSL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Firstsource Solutions Limited showed the company reduced the cash on balance sheet by ₹-487.96M (-37%). The Net tangible assets of FSL on the balance sheet were at 1.91B which is ₹-3.59812B (-65%) less than previous annual report. The total stockholder equity also increased by ₹2.33657B (8%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash828.2M1.32B
Total Assets57.09B 48.3B
Long Term Debt2.73B845.52M
Total Liabilities26.75B 20.3B
Total Shareholder Equity30.33B27.99B
Net Tangible Assets1.91B5.5B

Cash Flow Statement - FSL 2022 Annual Report

The 2022 annual cash flow statement of Firstsource Solutions Limited showed that the net income increased by ₹1.75688B (49%) compared to previous reporting period. Also the capital expenditure of FSL increased by ₹880.67M (51%).

As of 2022, the total cash from investing activities was -5.95B and total cash from financing activities was -1.58B.

Cash Flow Statement Report (2022/2021)

20222021
Net Income5.37B3.62B
Capital Expenditures-850.3M-1.73B
Dividends Paid-2.38B-2.04B
Total Cash From From Investing Activities-5.95B-3.48B
Total Cash From From Financing Activities-1.58B-6.89B

Firstsource Solutions Limited Annual Report History

Income Statement

Income Statement history of Firstsource Solutions Limited (NSE:FSL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue59.21B50.78B40.99B38.26B
Cost Of Revenue40.16B35.28B28.28B26.17B
Gross Profit19.05B15.5B12.71B12.09B
Research Development----
Selling General Administrative1.09B850.34M594.49M2.07B
Non Recurring----
Other Operating Expenses8.36B6.61B5.82B4.66B
Total Operating Expenses52.11B44.8B36.55B33.65B
Operating Income7.1B5.98B4.44B4.61B
Total Other Income Expense Net-633.84M-1.66B-494.77M-251.14M
Ebit7.1B5.98B4.44B4.61B
Interest Expense-639.39M-522.3M-583.21M-290M
Income Before Tax6.47B4.32B3.94B4.36B
Income Tax Expense1.11B701.57M545.26M581.41M
Minority Interest3.69M5.39M5.88M5.89M
Net Income From Continuing Ops5.37B3.62B3.4B3.78B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income5.37B3.62B3.4B3.78B
Net Income Applicable To Common Shares5.37B3.62B3.4B3.78B

Balance Sheet Statement

Balance Sheet Statement history of Firstsource Solutions Limited (NSE:FSL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash828.2M1.32B1.91B473.84M
Net Receivables10.08B8.96B8.13B5.91B
Other Current Assets1.1B445.73M380.04M431.58M
Total Current Assets14.21B12.31B11.04B8.51B
Long Term Investments87.99M89.99M95.99M97.98M
Property Plant Equipment9.04B7.49B5.88B1.16B
Good Will27.21B21.95B22.32B20.45B
Intangible Assets1.22B540.91M500.35M632.07M
Other Assets5.32B5.92B6.02B5.9B
Deferred Long Term Asset Charges2.82B2.69B2.51B2.31B
Total Assets57.09B48.3B45.87B36.76B
Accounts Payable1.78B2.79B952.81M901.75M
Short Long Term Debt413.79M832.09M64.19M108.35M
Other Current Liab1.55B1.25B268.31M338.1M
Long Term Debt2.73B845.52M27.76M60.32M
Other Liab2.42B573.88M820.83M528.25M
Deferred Long Term Liab809.88M1.06B1.22B1.44B
Minority Interest3.69M5.39M5.88M5.89M
Total Current Liabilities15.35B14.02B13.31B8.95B
Total Liab26.75B20.3B18.21B9.54B
Common Stock6.97B6.96B6.94B6.91B
Retained Earnings15.52B13.81B12.24B13B
Treasury Stock5.58B5.02B6.37B5.26B
Capital Surplus2.25B2.21B2.11B2.03B
Other Stockholder Equity6.78B5.76B6.46B5.26B
Total Stockholder Equity30.33B27.99B27.65B27.21B
Net Tangible Assets1.91B5.5B4.83B6.12B

Cash Flow Statement

Cash Flow Statement history of Firstsource Solutions Limited (NSE:FSL)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income5.37B3.62B3.4B3.78B
Depreciation2.24B1.78B1.54B458.23M
Change To Netincome1.05B1.18B209.07M119.25M
Change To Account Receivables-457.28M-835.2M-1.57B-381.02M
Change To Liabilities----
Change To Operating Activities-1.43B3.73B220.4M-260.34M
Total Cash From Operating Activities7.04B9.76B4.1B4B
Capital Expenditures-850.3M-1.73B-947.63M-1.09B
Investments-327.31M-800.71M1.28B-959.9M
Other Cashflows From Investing Activities177.7M-34.7M-3.84M-70k
Total Cashflows From Investing Activities-5.95B-3.48B143.22M-2.04B
Dividends Paid-2.38B-2.04B-3.76B-1.25B
Net Borrowings2.73B-3.76B1.59B-1.33B
Other Cashflows From Financing Activities-1.47B-514.28M-584.49M-286.45M
Total Cash From Financing Activities-1.58B-6.89B-2.77B-2.73B
Effect Of Exchange Rate1.85M36.08M-60.85M4.86M
Change In Cash-487.96M-576.07M1.43B-756.16M
Repurchase Of Stock-499.98M-652.81M-89.35M-89.35M
Issuance Of Stock37.32M82.15M76.68M142.35M