What was Birlasoft's net profit for the third quarter?

Birlasoft reported a net profit of ₹119.8 crore for the third quarter, a 2.5% increase year-on-year.

How did Birlasoft's revenue perform in the third quarter?

Revenue for the third quarter declined by 1.1% to ₹1,347.5 crore compared to the same period last year.

What drove Birlasoft's margin expansion in the third quarter?

Margin expansion was driven by operating efficiencies, aided by exchange rate tailwinds and some one-off events.

Home / Business and Economy / Birlasoft Sees Margin Surge, Deal Wins Hit High

Birlasoft Sees Margin Surge, Deal Wins Hit High

28 Jan

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Summary

Net profit rose 2.5% year-on-year to ₹119.8 crore.
Revenue saw a 1.1% decline to ₹1,347.5 crore.
EBIT increased significantly by 58.2% to ₹225.1 crore.

Birlasoft Sees Margin Surge, Deal Wins Hit High

Birlasoft announced its third-quarter financial results, reporting a 2.5% year-on-year increase in net profit to ₹119.8 crore. However, revenue for the quarter experienced a slight decline of 1.1%, settling at ₹1,347.5 crore compared to the previous year.

Significantly, earnings before interest and tax (EBIT) saw a remarkable surge of 58.2%, reaching ₹225.1 crore. This performance boosted the operating margin to 16.7%, an improvement from 10.4% in the same period last year. The Chief Financial Officer attributed this margin expansion to operating efficiencies and favorable exchange rates.

The company highlighted robust cash flow generation, with cash and cash equivalents increasing by 6% quarter-on-quarter and 21% year-on-year. Deal signings for the quarter were the highest for the financial year so far, totaling $202 million in total contract value (TCV), with new engagements comprising 46% of the wins.