Birlasoft Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Birlasoft will hold a meeting of the Board of Directors of the Company on 29 April 2024.

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Timken India Ltd, Trent Ltd, Restaurant Brands Asia Ltd, Dixon Technologies (India) Ltd are among the other stocks to see a surge in volumes on BSE today, 19 April 2024.

Birlasoft Ltd registered volume of 5.33 lakh shares by 10:46 IST on BSE, a 6.99 fold spurt over two-week average daily volume of 76190 shares. The stock slipped 2.65% to Rs.678.30. Volumes stood at 23830 shares in the last session.

Timken India Ltd notched up volume of 13472 shares by 10:46 IST on BSE, a 5.96 fold spurt over two-week average daily volume of 2259 shares. The stock rose 2.92% to Rs.3,136.80. Volumes stood at 6457 shares in the last session.

Trent Ltd saw volume of 2.03 lakh shares by 10:46 IST on BSE, a 5.18 fold spurt over two-week average daily volume of 39258 shares. The stock dropped 1.67% to Rs.4,025.00. Volumes stood at 91751 shares in the last session.

Restaurant Brands Asia Ltd notched up volume of 5.16 lakh shares by 10:46 IST on BSE, a 2.38 fold spurt over two-week average daily volume of 2.17 lakh shares. The stock rose 0.10% to Rs.99.80. Volumes stood at 6.87 lakh shares in the last session.

Dixon Technologies (India) Ltd clocked volume of 47308 shares by 10:46 IST on BSE, a 2.24 times surge over two-week average daily volume of 21131 shares. The stock lost 3.49% to Rs.7,240.00. Volumes stood at 65190 shares in the last session.

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Linde India Ltd, Arvind Fashions Ltd, Varroc Engineering Ltd and Confidence Petroleum India Ltd are among the other losers in the BSE's 'A' group today, 05 April 2024.

Birlasoft Ltd lost 3.79% to Rs 749.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 35023 shares were traded on the counter so far as against the average daily volumes of 39772 shares in the past one month.

Linde India Ltd tumbled 3.62% to Rs 6783. The stock was the second biggest loser in 'A' group.On the BSE, 9550 shares were traded on the counter so far as against the average daily volumes of 10711 shares in the past one month.

Arvind Fashions Ltd crashed 3.53% to Rs 438.8. The stock was the third biggest loser in 'A' group.On the BSE, 33509 shares were traded on the counter so far as against the average daily volumes of 12904 shares in the past one month.

Varroc Engineering Ltd pared 3.19% to Rs 538.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 38012 shares were traded on the counter so far as against the average daily volumes of 19010 shares in the past one month.

Confidence Petroleum India Ltd slipped 2.94% to Rs 97.06. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.13 lakh shares were traded on the counter so far as against the average daily volumes of 2.69 lakh shares in the past one month.

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The company reported net loss of Rs 16.36 crore in same period previous fiscal.

Profit before tax jumped 10.19% to Rs 215.44 crore in Q3 FY24 as compared with Rs 195.52 crore posted in Q2 FY23.

In Q3 FY24, EBITDA stood at Rs 214.3 crore, up 3.4% QoQ and 35.3% YoY. EBITDA margin improved to 16% in Q3 FY24 as against 15.8% in Q2 FY24 and 13% in Q3 FY23.

In dollar terms, the company's revenue was at $161.3 million, registering a growth of 1.9% QoQ and 8.7% YoY.

In constant currency terms, revenues were up by 1.8% QoQ.

The company signed deal of TCV $218 Million during the quarter with TCV new deal wins of $94 M and renewals of $ 124 Million.

Active client count at 272 in Q3FY24 (compared to 278 in Q2FY24 and 299 in Q3FY23), reflecting sustained rationalisation of the ‘tail’ and Revenue from Top 5, Top 10 and Top 20 clients grew YoY by 18.1%, 17.9% and 9.7% respectively.

Cash and cash equivalents increased to $203 million at the end of Q3 FY24 from Rs $173.5 million at the previous quarter same fiscal.

Workforce strength increased QoQ to 12,356 as on 31st December 2023, and attrition improves further to 12.6% during Q3FY24 (from 15.0% a quarter ago and 25.5% a year ago).

Angan Guha, chief executive officer and managing director, said, “Deal signings during the quarter at $218 million TCV too have been robust, comprising both renewals as well as netnew engagements. We continue to invest in our capabilities and have further expanded our leadership team with the induction of Manjunath Kygonahally as chief executive for Rest of the World (ROW) region. The fundamentals of our business remain solid, and we stay focused on execution.”

Kamini Shah, chief financial officer, Birlasoft, said, “We delivered a strong margin performance too with EBITDA margin expanding to 16.0%, despite making sustained investments in our business and having rolled-out an organization-wide compensation increase effective 1st September. We continued to generate strong cash flows with best-in-class DSO at 51 days, resulting in operating cash flow at 141% of EBITDA. Our sharp focus on disciplined execution and operational efficiency position us well to successfully navigate through the current macroeconomic environment.”

Birlasoft, part of the CK Birla Group, provides digital and information technology consulting, services, solutions and products for organizations across industries, worldwide.

The scrip hit an-all time high at Rs 841.50 intraday today.

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