Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution.
Birlasoft reported strong numbers on the margin front.
IT Consulting & Software company Birlasoft announced Q1FY24 results:
Angan Guha, Chief Executive Officer, and Managing Director, Birlasoft, said, “We have delivered a robust operating performance during the quarter on both the revenue and margin fronts. I am pleased to note that our quarterly revenue has crossed the USD 150 million mark for the first time, increasing 3.1% sequentially to USD 153.6 million during Q1FY24. Our growthled performance during the quarter reflects our sharp focus on execution during a period that has been characterised by a high degree of macroeconomic uncertainty. We continue to strengthen our tech capabilities and have been early adopters of new technologies such as Generative AI where we have already developed multiple solutions.”
"Our revenue during the quarter under review grew 9.4% year-on-year and 3.0% quarter-on-quarter to Rs 12,628 million, while EBITDA margin expanded about 170 basis points to 15.3%. At the same time, we continued to generate strong cash flows with a quarterly collection of USD 153.7 million during Q1FY24, which is the third instance of quarterly collections crossing the USD 150 million mark in the last five quarters. We continue to prioritise financial discipline and operational efficiency as we navigate through the prevailing uncertain market conditions," said Kamini Shah, Chief Financial Officer, Birlasoft.
Equity Capital: 2,448.29 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 19,065.79 | -8,050.74 |
| LAST 3M | 44,357.20 | 2,185.25 |
| LAST 6M | 53,246.77 | 150,167.93 |
| LAST 12M | 139,937.47 | 157,645.13 |
| Date | Action Type | Ratio |
|---|---|---|
| Jul 14, 2023 | Dividend | 100 |
| Nov 01, 2022 | Dividend | 75 |
| Jul 14, 2022 | Dividend | 150 |
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 |
| : | grievances:kpitcummins.com | |
| 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 |
FAQ’s on Birlasoft Ltd SharesYou can buy Birlasoft Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Birlasoft Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2023 11:39 AM the closing price of Birlasoft Ltd was ₹ 489.55.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2023 11:39 AM, the market cap of Birlasoft Ltd stood at ₹ 13,470.36.
The latest PE ratio of Birlasoft Ltd as of Sep 26, 2023 11:39 AM is 38.61
The latest PB ratio of Birlasoft Ltd as of Sep 26, 2023 11:39 AM is 0.18
The 52-week high of Birlasoft Ltd is ₹ 535.55 while the 52-week low is ₹ 250.25
According to analyst recommendations, Birlasoft Ltd has a “Buy” rating for the long term.
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