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IT Consulting & Software company Birlasoft announced Q1FY25 results:
- Revenue at Rs 13,274 million, up 5.1% YoY
- EBITDA at Rs 1,951 million; EBITDA margin at 14.7%
- PAT at Rs 1,502 million, up 9.2% YoY translating to basic EPS (not annualized) of Rs 5.41
- Cash and cash equivalents increase 45.9% YoY to Rs 19,143 million
Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “Our performance during the quarter under review reflects a challenging operating environment and tightened discretionary spends by customers. In that backdrop, I am pleased to note that our Infra and ROW businesses, both historically smaller contributors to our revenue, have done particularly well on the back of our efforts to enhance our capabilities and footprint there. Our deal wins during the quarter are also up 10% year on year at $160 million. We continue to invest in our business across our verticals and service lines to strengthen our position as a domain and emerging tech capabilities-led player.”
Kamini Shah, Chief Financial Officer, Birlasoft, said: "Our revenue during the quarter under review grew 5.1% year on year to Rs 13,274 million. PAT for the quarter grew 9.2% year on year to Rs 1,502 million. Our quarterly collections continued to be strong, resulting in a 46% rise year on year in cash and cash equivalents to Rs 19,143 million. Our DSO improved sequentially to 52 days and on this key parameter we continue to be among the best in the industry. We have started the new financial year with a robust balance sheet and healthy cashflows that enable us to keep investing in capabilities for future growth even as we navigate through the current challenges in the macro-economic environment,"
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