Birlasoft Limited , a part of the CK Birla Group, has announced its financial results, revealing a significant decline in both revenue and profitability compared to the same period last year.

Financial Performance

The IT services company reported a consolidated net profit of ₹106.40 crore, down 29.2% year-on-year from ₹150.20 crore. Revenue from operations declined 3.2% to ₹1,284.80 crore from ₹1,327.40 crore in the same period last year.

Operational Metrics

Birlasoft's operating profit dropped 21% to ₹138.00 crore, with the EBIT margin contracting to 10.7% from 13.7% in the previous year.

Segment Performance

Despite the overall decline, Birlasoft saw growth in three of its four vertical segments:

• Energy & Utilities
• Life Sciences & Services
• Banking, Financial Services and Insurance (BFSI)

However, the Manufacturing vertical, which is Birlasoft's largest segment, experienced a decline due to project closures and ramp-downs, outweighing the growth in other areas.

Deal Wins and Client Metrics

Birlasoft secured new deals with a Total Contract Value (TCV) of $141 million during the period, including:

• New deal wins: $76 million
• Renewals: $65 million

The company's active client count stood at 247, compared to 254 in the previous quarter.

Digital & Data Services

The company's Digital & Data services grew 2.6% quarter-on-quarter, showing resilience in this segment.

Cash Position

Birlasoft's cash and cash equivalents increased 19.4% year-on-year to ₹2,286.40 crore, indicating a strong liquidity position.

Management Commentary

CEO Angan Guha commented on the results:

"Three of our four verticals delivered sequential growth, but Manufacturing remained soft in a challenging demand environment."

Outlook

Despite the challenging quarter, Birlasoft remains focused on navigating the current market conditions. The company's performance in the coming periods will be closely watched, particularly in light of the softness in the Manufacturing segment and the overall challenging demand environment.

As the IT services landscape continues to evolve, Birlasoft's ability to adapt and capitalize on growth opportunities in its stronger segments will be crucial for its future performance.

Birlasoft Limited , a leading global technology services and consulting company, has announced a significant change in its top financial leadership. The company's Board of Directors has approved a transition in the Chief Financial Officer (CFO) position, marking an important shift in its financial management team.

Key Highlights of the Transition

• Resignation: Ms. Kamini Shah, the current Chief Financial Officer, Key Managerial Personnel, and Senior Management Personnel of Birlasoft, has tendered her resignation due to personal reasons.
• Departure Date: Ms. Shah will step down from her role effective at the close of business hours on August 7, 2025.
• New Appointment: Mr. Chandrasekar Thyagarajan has been appointed as the new CFO, bringing extensive experience to the role.
• Transition Timeline:
  • July 24, 2025: Mr. Thyagarajan will join as Chief Financial Officer - Designate and Senior Management Personnel.
  • August 8, 2025: He will officially assume the position of Chief Financial Officer and Key Managerial Personnel.

About the New CFO

Mr. Chandrasekar Thyagarajan brings a wealth of experience to Birlasoft:

• A Chartered Accountant with over 36 years of experience, including 20 years in CXO level positions.
• Extensive background in financial strategy, planning, budgeting, and reporting across global and Indian companies.
• Specializes in IT services finance, with 24 years of experience supporting various tech sectors including Infrastructure Services, BPO and KPO services, Software Development, and IT Consulting Services.
• Most recently served as CFO for an Original Equipment Manufacturer in the electric two and three-wheeler automotive industry.
• Active participant in CFO Forums and a Member of the Jury Panel for the Annual Shared Services Awards since 2014.

Corporate Governance and Compliance

The appointment of Mr. Thyagarajan has been made in accordance with corporate governance best practices:

• Recommended by the Nomination and Remuneration Committee.
• Approved by the Audit Committee of the Company.
• Compliant with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

This leadership change comes at a time when Birlasoft continues to strengthen its position in the global IT services market. The transition is expected to be smooth, with Mr. Thyagarajan's appointment aligning with Ms. Shah's departure to ensure continuity in financial leadership.

Birlasoft's commitment to transparent communication is evident in their prompt disclosure of this transition to the stock exchanges and shareholders, underscoring the company's adherence to regulatory requirements and corporate governance standards.