Birlasoft (BSOFT) Q1 24/25 earnings summary

Executive summary

• Revenue grew 5.1% year-over-year to ₹13,274 million ($159.1M), with PAT up 9.2% YoY to ₹1,502 million ($18.0M).

• Strong order booking with TCV up 10.1% YoY to $160M, and cash & cash equivalents up 46% YoY to ₹19,143 million.

• Growth driven by BFSI, Energy & Utilities, Infra service line, and Rest of World geography.

• Workforce increased to 12,865 with attrition improving to 11.6% QoQ.

• Profit before tax for the quarter was ₹2,048.62 million, up from ₹1,815.74 million YoY.

Financial highlights

• EBITDA at ₹1,951M ($23.4M), EBITDA margin at 14.7%.

• PAT margin at 11.3%, basic EPS at ₹5.41.

• DSO improved to 52 days, among the best in the industry.

• Revenue in constant currency up 3.8% YoY.

• Total income for the quarter was ₹13,619.67 million.

Outlook and guidance

• Management highlights a challenging macro environment with tightened discretionary spending.

• Continued investment in capabilities and verticals to drive future growth.

• The Board and Audit Committee have reviewed and approved the results, with an unmodified conclusion from auditors.