Birlasoft Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

The official announcement was made after market hours on 7 February 2024.

Roopinder Singh has resigned due to personal reasons and will be relieved of his duties by the close of business hours on 7th February 2025.

Birlasoft provides software development and global IT consulting to its clients, predominantly in banking, financial services and insurance, life sciences and services, energy resources and utilities, and manufacturing (which mainly includes discrete manufacturing, hi-tech & media, auto, and consumer packaged goods) verticals.

The company’s consolidated net profit fell 12.1% to Rs 127.51 crore in Q2 FY25 as compared with Rs 145.08 crore in Q2 FY24. Revenue from operations increased 4.5% YoY to Rs 1,368.22 crore in Q2 FY25.

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Birlasoft has been officially recognised as a supplier on the UK Government's G-Cloud 14 Procurement Framework. This achievement reinforces Birlasoft's commitment to advancing digital transformation and innovation within the public sector.

As an approved supplier under Lot 3 Cloud Support, Birlasoft will offer a wide range of cloud support and testing services tailored to meet the unique needs of public sector organisations. These services encompass our cloud migration, modernisation frameworks, security, assurance services (CloudOps), and financial operations (FinOps). Additionally, Birlasoft's specialised offerings, such as advanced testing solutions including test consulting, automation, and quality engineering, along with enterprise systems and next-generation digital testing, will further bolster its capabilities.

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Net profit of Birlasoft declined 12.11% to Rs 127.51 crore in the quarter ended September 2024 as against Rs 145.08 crore during the previous quarter ended September 2023. Sales rose 4.45% to Rs 1368.22 crore in the quarter ended September 2024 as against Rs 1309.88 crore during the previous quarter ended September 2023.

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Net profit of Birlasoft declined 46.28% to Rs 52.02 crore in the quarter ended September 2024 as against Rs 96.83 crore during the previous quarter ended September 2023. Sales declined 0.45% to Rs 643.69 crore in the quarter ended September 2024 as against Rs 646.61 crore during the previous quarter ended September 2023.

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