Ashish Kacholia holds 1.82% of Birlasoft (which is in 11 stock screeners), a holding that has declined by 0.3% compared to the previous quarter. And underlining his concerns about earnings were the questions he asked the management on their earnings call. One issue he raised was new deal wins - and under discussion, the management noted that the "$50 million deals" wins the company mentioned were one in each quarter, with 50% of these new wins with existing clients.
Looking at valuation and share price, Kacholia also tried to get answers on expected growth. He noted that "investors are buying INR 250 crores of profit on an ongoing run rate basis quarterly, and INR 250 crores on an annual basis. This is what we can treat as a baseline for which we are paying the current market cap, is that correct?" The CFO answered this in the affirmative, saying that "Revenue has bottomed out, and that number is the minimum of what we see going forward."
The CEO Anjan Lahiri is leaving the company, which has caused some anxiety among investors about additional departures. Lahiri, who was on the call, said, "I am not taking anybody with me."