Birlasoft Ltd. News and Updates

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

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Birlasoft Ltd.

21 May 2018

372.20

-2.55%

KPIT Technologies (251.4): Sell

Business Line

Yoganand D The stock of KPIT Technologies fell 3.6 per cent on Monday and closed below its 21-day moving average. Following a short-term uptrend, th

Birlasoft Ltd. has lost -30.35% in the last 6 Months

Birlasoft Ltd.

14 Mar 2018

372.20

-2.55%

KPIT Technologies (228.7)

Business Line

Investors with a short-term horizon can buy the stock of KPIT Technologies at current levels. Since taking support at 105 in August 2017, the stock has been on an intermediate-term uptrend, formin

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

KPIT Technologies (228.7)

Business Line | 14 Mar 2018

Birlasoft Ltd.

05 Mar 2018

372.20

-2.55%

KKR arm gives Rs425 crore credit to promoters of KPIT to fund open offer

livemint

KKR India Financial Services will provide debt finance to the promoters, who will use this money, along with the promoters of Birlasoft, to launch a joint open offer for KPIT

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

Birlasoft Ltd.

06 Feb 2018

372.20

-2.55%

KPIT Sparkle - grand finale at Pune on Feb 18

Business Line

As many as 30 student teams from engineering and technology institutes across the country will compete in the finals of the annual National Design and Development Innovation Contest - KPIT Sparkle

Birlasoft Ltd. is trading below all available SMAs

Birlasoft Ltd.

05 Feb 2018

372.20

-2.55%

Result Update:KPIT Tech.

Buy: Birlasoft Ltd.

Axis Direct

Board of Directors of KPIT Tech has approved a composite scheme for (a) amalgamation of Birlasoft (India) with KPIT (proposed merger); and (b) demerger of engineering business of KPIT into KPIT Engineering Ltd (KEL), and remaining KPIT-Birlasoft (IT Services business).

Birlasoft Ltd. has lost -34.87% in the last 1 Year

Birlasoft Ltd.

01 Feb 2018

372.20

-2.55%

KPIT Technologies (3QFY18): Value accretive deal. Maintain NEUTRAL

Neutral: Birlasoft Ltd.

Target

HDFC Securities

Maintain NEUTRAL with TP of Rs 195, 12x Dec-19E EPS. KPIT Tech has re-structured its business to create two entities of IT services and ER&D; (separate listing), by first merging with Birlasoft to create ~USD 700mn rev entity, and later demerging the ER&D; segment (USD 200mn rev) from it. Despite value unlocking by demerging the ER&D; business (higher growth/margin and better valuations), the deal is EPS neutral (but, 15% accretive assuming full acceptance in open offer).

Birlasoft Ltd. has lost -30.35% in the last 6 Months

Birlasoft Ltd.

01 Feb 2018

372.20

-2.55%

KPIT - 3QFY18 Result Update

Hold: Birlasoft Ltd.

Target

Reliance Securities

In-line Performance; Value Unlocking on the Cards KPIT Technologies (KPIT) has delivered in-line performance in 3QFY18 with revenue remaining flattish (-0.4% QoQ) at US$141.2mn. Whist revenue from Product Engineering business grew by 2.8% QoQ, revenue from other segments i.e. IES, Products & Platforms, SAP, Digital and Transformation sequentially declined by 0.8%, 8.3%, 3% and 2.8%, respectively. EBITDA margin expanded by 98bps QoQ owing to higher utilisation and cost control. Despite 77.7% QoQ decline in other income owing to forex losses, KPIT's net profit grew by 3.3% QoQ on the back of lower effective tax rate. From vertical perspective, revenue from Energy & Utilities and...

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

Birlasoft Ltd.

01 Feb 2018

372.20

-2.55%

EARNINGS - KPIT 3QFY18

Buy: Birlasoft Ltd.

Recommendation Target

Chola Wealth Direct

Background: KPIT Technologies is leading product engineering and IT consulting partner with FY17 revenue of INR 33.2bn. In 3QFY18 revenue share amongst verticals: automotive & transportation (44.11%), manufacturing (28.99%) & Energy & Utilities (18.28%) and others (8.62%). It operates in five main business segments: Integrated Enterprise Solutions (26.8%), Product Engineering Services (38.95%), Product and Platform (3.84%), SAP (19.98%) and Digital Transformation (10.34%). KPIT derives 12.17% of its revenue from Cummins, which is the largest client. The company has 12,211 employees spread across more than 10 countries to cater services to 237 clients. The company's...

Birlasoft Ltd. is trading below all available SMAs

Birlasoft Ltd.

01 Feb 2018

372.20

-2.55%

KPIT Technologies

Hold: Birlasoft Ltd.

Target

ICICI Securities Limited

US$ revenues declined 0.4% QoQ to $141.2 million and were below our 1.6% growth and $144 million estimate. Constant currency revenues were flat sequentially Revenues in rupees declined 0.4% QoQ to | 912.8 crore and were below our estimate of 1.7% growth and | 932 crore EBITDA margins expanded ~100 bps QoQ to 10.8% and were way above our 9.9% estimate. Margin expansion was on the back of lower cost of material consumed, which declined ~66% sequentially...