Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution.
Birlasoft reported muted revenue numbers in Q4FY23.
Q4FY24 Financial Highlights:
• Revenue:
• EBITDA margin at 16.3%, PAT up 11.8% QoQ at Rs 1,801 million
FY24 Financial Highlights:
• Revenue:
• EBITDA margin at 15.8% and PAT up 88.1% at Rs 6,238 million translating to basic EPS of Rs 22.54
Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “We are pleased to report a robust operating performance for both the quarter and the full year, delivering revenue growth as well as margin expansion in the face of continued macro uncertainty. On a constant currency basis, our revenues have grown 9.1% ex Invacare during FY’24 and revenues during the fourth quarter are up 1.6% sequentially. While our nearterm outlook is likely to reflect the impact of shifts in customer priorities that affect both transformational and discretionary spends, we continue to invest in our capabilities such as Generative AI where we have been early adopters.”
Kamini Shah, Chief Financial Officer, Birlasoft said, "Our revenue during the financial year FY’24 grew 12.7%, after excluding Invacare contribution in FY’23 revenue, to Rs 52,781 million. This was accompanied by a strong margin performance with EBITDA margin expanding to 15.8%. We are exiting the year with an EBITDA margin of 16.3% during Q4FY’24. This has been achieved after absorbing the investments we have been making in our business. Our DSO at 55 days continues to be among the best in the industry. We have ended the year with a robust balance sheet, and we stay sharply focused on disciplined execution and operational efficiency,"
| Financials( ₹ in Cr) | Birlasoft Ltd | Tata Consultancy Services Ltd | Infosys Ltd | HCL Technologies Ltd | Wipro Ltd |
|---|---|---|---|---|---|
| Price | 615.50 | 3,900.95 | 1,453.35 | 1,348.15 | 464.45 |
| % Change | 0.50 | 0.53 | 2.35 | 1.14 | 1.34 |
| Mcap ₹ Cr | 16,983.92 | 1,411,398.04 | 603,266.26 | 365,842.75 | 242,681.53 |
| Revenue TTM ₹ Cr | 4,794.77 | 240,893.00 | 153,670.00 | 101,456.00 | 90,487.60 |
| Net Profit TTM ₹ Cr | 331.58 | 46,099.00 | 26,248.00 | 14,845.00 | 11,366.50 |
| PE TTM | 27.26 | 30.28 | 23.17 | 23.30 | 21.98 |
| 1 Year Return | 99.45 | 19.84 | 15.50 | 22.59 | 20.40 |
| ROCE | 17.85 | 62.85 | 44.74 | 27.62 | 17.11 |
| ROE | 14.26 | 51.04 | 37.12 | 23.32 | 15.89 |
Equity Capital: 2,448.29 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 39,908.21 | -32,861.14 |
| LAST 3M | 100,212.68 | -40,336.57 |
| LAST 6M | 168,007.15 | 51,016.84 |
| LAST 12M | 259,938.69 | 133,487.81 |
| Date | Action Type | Ratio |
|---|---|---|
| Nov 08, 2023 | Dividend | 125 |
| Jul 14, 2023 | Dividend | 100 |
| Nov 01, 2022 | Dividend | 75 |
Birlasoft Ltd. is an Indian multinational information technology services provider belonging to the CK Birla Group. It was incorporated in 1990 with its headquarters in Pune, Maharashtra. It primarily operates in the areas of insurance, banking, media and healthcare, manufacturing and financial services. For the quarter ended June 2022, Birlasoft Ltd.’s total income was Rs 1,169.89 crore, up 4.08% from the previous quarter ended March 2022. On 8 August 2022, its market capitalisation stood at Rs 9,620 crore.
Birlasoft Ltd.’s listing code on the Bombay Stock Exchange is 532400, and on the National Stock Exchange is BSOFT. It is also listed on the MCX Stock Exchange, Hyderabad Stock Exchange, Bangalore Stock Exchange, and Cochin Stock Exchange.
Birlasoft Ltd. offers IT transformation, data, cloud, analytics, testing, and customer relationship management services to customers in India. It has a global footprint with state-of-the-art delivery centres in India and China. The company has earned recognitions and awards for achievements in IT, environmental sustainability, research and development, corporate social responsibility, and human resource management, among others. It won the CXO Cloud Leadership Award in the category for Digital Transformation using Cloud at the CXO Cloud Summit and Award 2022.
The company’s shareholding pattern on 30 June 2022 highlighted a promoter stake of 40.32%, foreign institutional investors stake of 15.24%, domestic institutional investors stake of 21.12%, and public stake of 23.19%. In the quarter ended June 2022, mutual fund holdings decreased from 19.49% to 18.24%, with the number of mutual fund schemes reducing from 23 to 21.
Mrs Amita Birla is the company’s chairman, and Mr Dharmander Kapoor is the managing director and CEO. The other members of the top management include Mr Chandrakant Birla, Mr Anant Talaulicar, Ms Alka Bharucha, Ms Nandita Gurjar, and Mr Ashok Kumar Barat. The auditors are BSR & Co. LLP.
On 8 August 2022, Birlasoft Ltd.’s share price on BSE closed at Rs 343.95. The share price on NSE closed at Rs 343.60. The company’s 52-week high share price was Rs 585.85, and the 52-week low share price was Rs 306.80.
The company’s peers include HCL Technologies Ltd., Tata Consultancy Services Ltd., Wipro Ltd., and Infosys Ltd.
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Plot 35/36 MIDC Phase-I, R Gandhi Info Park Hinjawadi, Pune, Maharashtra, 411057
| Tel | : | 91-20-66525000 |
| : | sneha.padve:birlasoft.com; grievances:birlasoft.co | |
| Website | : | http://www.birlasoft.com |
Link Intime India Pvt Ltd
| AGM Date (Month) | : | Jul |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 532400 |
| NSE Code | : | BSOFT |
| Book Closure Date (Month) | : | |
| BSE Group | : | A |
| ISIN | : | INE836A01035 |
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