First Source Faces Profit Decline Despite Modest Sales Increase

In December 2023, First Source reported net sales of Rs 1,596.60 crore, reflecting a 6.09% increase from Rs 1,504.91 crore in December 2022. The quarterly net profit for December 2023 was Rs 128.73 crore, showing a decrease of 18.49% from Rs 157.92 crore in December 2022. Additionally, the EBITDA for December 2023 was Rs 252.48 crore, indicating a 7.23% decline from Rs 272.15 crore in December 2022.