Firstsource Q1 Profit Misses Estimates as Shares Tank Sharply

Firstsource Solutions is a big company that helps other businesses with tasks like answering customer calls, managing bank paperwork, and handling healthcare services.

Companies that do this are called business process management companies.

Every three months, companies share how much money they made, and this report is called a quarterly result.

In the first quarter of this financial year, Firstsource made less profit than before.

Its profit went down by about 19%, to around Rs 166 crore.

It also made less profit than experts expected.

Making less profit can worry people who buy shares of a company.

Because of the lower profit, the company's shares dropped sharply — falling as much as 17% during the day before closing more than 13% lower.

The company also earned less money overall, and a measure of how well its operations are running got worse.

This made investors feel less confident, and the share price has been falling over the past month.