Conference Call with Birlasoft Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Birlasoft announced Q3FY25 results Revenue at Rs 13,627 million, up 1.5% YoY. EBITDA at Rs 1,634 million; EBITDA margin at 12.0%. PAT at Rs 1,169 million translating to basic EPS (not annualized) of Rs 4.20. Cash and cash equivalents increase 21.7% YoY to Rs 20,552 million. Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said: “Our performance during the quarter under review demonstrates our ability to pursue deal closures, drive operational efficiencies, and generate consistently strong cash flows even in a seasonally weak quarter. Deal signings during the quarter at USD 226 million TCV have been the best during the current financial year. While higher than usual furloughs affected our revenue performance, we have been able to deliver a steady margin performance sequentially after absorbing much of the compensation increases rolled out for most of our employees during the quarter. We also continue to make investments aimed at enhancing our capabilities as well as partnerships, which we believe is key to creating a differentiated value proposition in the marketplace.” Kamini Shah, Chief Financial Officer, Birlasoft, said: "Our revenue during the quarter under review, which witnessed higher than usual furloughs, grew 1.5% YoY to Rs 13,627 million. Our EBITDA margin stood at 12.0% for the quarter, representing only a marginal sequential decline even after implementing a salary increase effective October 1st covering most of the organization, on the back of multiple operational efficiency initiatives that we have been driving and some exchange rate tailwind. We also maintained our robust track record of strong quarterly collections and cashflow generation, resulting in a 21.7% rise YoY in cash and cash equivalents to Rs 20,552 million. Our DSO at 53 days continues to be among the best in the industry. Our robust cash flow and balance sheet enable us to make the investments necessary for future growth." Result PDF