Birlasoft Shares Tumble 6% as Q4 Results Miss Expectations
Birlasoft Ltd's shares fell 6.4% over two days after Q4 earnings missed expectations. Revenue declined 3.36% QoQ to Rs 1,316.90 crore, though EBITDA margin improved to 13.20%. Net profit increased 4.45% QoQ to Rs 122.10 crore. Nuvama cut the target price to Rs 350.00 with a 'reduce' rating. Management expects Q1 to be muted with growth picking up from Q2 onwards.
28May 25
Birlasoft Q4 Profit Up 4.3%, Revenue Down 3.4%; Recommends ₹4 Dividend
Birlasoft's Q4 results show a 4.3% increase in net profit to ₹122.00 crore, despite a 3.4% decrease in revenue to ₹1,317.00 crore. EBITDA declined by 21.7% to ₹173.50 crore. The company recommended a dividend of ₹4.00 per equity share. Corporate updates include appointment of a new Secretarial Auditor and redesignation of an executive as CEO-ROW.
Birlasoft has attained the status of Oracle Cloud Solutions Provider, showcasing its expertise in Oracle cloud technologies. This certification is expected to enhance Birlasoft's credibility, expand its service offerings, provide a competitive advantage, and improve client solutions. The achievement aligns with Birlasoft's strategy to strengthen its cloud services portfolio and positions the company to capitalize on growing market demand for cloud-based solutions.
24Mar 25
Birlasoft Gains Recognition from ISG for Innovative Digital Solutions
Birlasoft, part of the C.K. Birla Group, has been acknowledged by Information Services Group (ISG) for its innovative digital solutions. ISG recognized three of Birlasoft's client projects in North America as standout case studies, showcasing the company's expertise in ERP, Cloud, and Data Analytics. The projects, spanning manufacturing, business services, and consumer goods industries, demonstrated significant improvements in system efficiency, cost reduction, and data management. Birlasoft's CEO expressed pride in the recognition, emphasizing the company's commitment to addressing unique client challenges and driving business impact.