Birlasoft Ltd. News and Updates

Name: Latest research reports of Birlasoft Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: Birlasoft Ltd.
Rating: 5
Author: Reliance Securities

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Birlasoft Ltd.

25 Oct 2018

397.40

-0.38%

KPIT-Result Update

Buy: Birlasoft Ltd.

Recommendation Target

Reliance Securities

1Q Action Replay: Revenue Below Estimate, Margin Exceeds Estimate KPIT Technologies (KPIT) has delivered a mixed performance in 2QFY19. While its USD revenue grew by 1.3% QoQ to US$152.5mn (1.4% below our estimate), EBITDA margin rose by a robust 147bps QoQ. In CC terms, revenue rose by 2.9% QoQ. While IES (-5.9% QoQ) and SAP (-2.6% QoQ) businesses again pressurised revenue, USD revenue from Product Engineering and Products & Platforms (P&P;) businesses grew by a healthy 5.1% QoQ and 33.7% QoQ, respectively. Notably, P&P; business is lumpy in nature. Beating our estimate by 222bps, EBITDA margin expanded by a robust 147bps QoQ to 13.6% despite wage hike impact of 220bps owing to INR depreciation...

Birlasoft Ltd. has lost -33.49% in the last 6 Months

Birlasoft Ltd.

15 Oct 2018

397.40

-0.38%

KPIT Technologies (218.7): Buy

Business Line

Yoganand D Investors with a short-term horizon can buy the stock of KPIT Technologies at current levels. On Monday, the stock jumped over 8 per cent

Birlasoft Ltd. has lost -34.28% in the last 1 Year

Birlasoft Ltd.

20 Sep 2018

397.40

-0.38%

KPIT Technologies (291.6): Sell

Business Line

Investors with a short-term perspective can consider selling the stock of KPIT Technologies at current levels. Although the stock is in a medium-term

Birlasoft Ltd. is trading above its 50 day SMA of 397.0

Birlasoft Ltd.

21 Aug 2018

397.40

-0.38%

Riding high on the optionality of demerger benefits

Neutral: Birlasoft Ltd.

Target

Motilal Oswal

21 August 2018 After several years of coping with integration issues and legacy pressures in its IT services business, KPIT announced that it would demerge its Engineering business and merge the IT services bit with Birlasoft. KPITs Engineering business has been its strongpoint, exhibiting 16% revenue CAGR over the last five years. Birlasoft too has been under pressure because of issues in its top client and has witnessed a decline of ~4% in revenue over the last three years. However, we note that during this period, positioning, prowess and performance in the Engineering business has been strong; and a majority of the issues can be attributed to the companys presence and efforts in the IT services business. KPIT Technologies On completion of the transaction, we reckon the Engineering Services side should grow at a 20% CAGR.

Birlasoft Ltd. has an average target of 480.50 from 4 brokers.

Birlasoft Ltd.

27 Jul 2018

397.40

-0.38%

KPIT Technologies

Hold: Birlasoft Ltd.

Target

ICICI Securities Limited

KPIT reported a better-than-expected margin performance in Q1FY19 while revenues were below our estimates US$ revenues grew marginally by 0.2% QoQ to $150.5 million, below our 1.8% growth and $152.9 million estimate Revenues in rupees grew 4.9% QoQ to | 1013.8 crore, below our estimate of 6% growth and | 1024.8 crore EBITDA margins expanded ~70 bps QoQ to 12.1%, above our 50 bps expansion and 11.9% estimate. Better-than-expected margin...

Birlasoft Ltd. is trading above its 50 day SMA of 397.0

Birlasoft Ltd.

26 Jul 2018

397.40

-0.38%

KPIT Tech

Buy: Birlasoft Ltd.

Dolat Capital

Revenue above Industry Avg. coupled with margin improvement KPIT reported muted Q1FY19 with a USD revenue growth of 0.2% QoQ supported by services business. EBIT margin improved 74bps QoQ to 9.4% (DCMe: 9.5%) largely on back of operational efficiencies and INR depreciation. The stock is currently trading at inexpensive valuations 13.6x/11.3x FY20/FY21 earnings estimates. We believe revenue growth above industry avg., coupled with margin improvement will lead to absolute upside in near to medium term; upgrade the stock to ACCUMULATE...

Birlasoft Ltd. has lost -33.49% in the last 6 Months

Birlasoft Ltd.

26 Jul 2018

397.40

-0.38%

KPIT - 1QFY19 Result Update

Hold: Birlasoft Ltd.

Target

Reliance Securities

KPIT Technologies (KPIT) has delivered a subdued revenue performance in 1QFY19, which grew 0.2% QoQ in USD terms to US$150.5mn (0.8% below our estimate). In CC terms, core service revenue rose by 3.5% QoQ. USD revenue from Product Engineering business grew by a healthy 5.5% QoQ, while IES revenue rose by a decent 2.7% QoQ. However, revenue from Products & Platforms declined by a steep 39.6% QoQ. It should be noted that this business is lumpy in nature. While Digital Transformation saw 2.2% QoQ growth, SAP continued to face growth headwinds with the business declining by 3.5% QoQ, marking the third successive quarter of decline. EBITDA margin expanded by 75bps (95bps ahead of our estimate) owing to INR...

Birlasoft Ltd. has an average target of 480.50 from 4 brokers.

Birlasoft Ltd.

21 Jun 2018

397.40

-0.38%

Company news: KPIT Technologies

Business Line

KPIT Technologies on Thursday announced a strategic collaboration with Kinetiq, a life sciences and clinical research management consulting firm, to d

Birlasoft Ltd. has lost -34.28% in the last 1 Year

Birlasoft Ltd.

03 Jun 2018, 05:34PM

397.40

-0.38%

KPIT Technologies: On the growth curve

Business Line

The stock of KPIT Technologies (KPIT) has risen more than 10 per cent in the last seven to eight days, as it delivered a strong 6.4 per cent sequentia