Birlasoft Q4 FY2024 Results: Revenue ₹1362.50 Cr, Net Profit Up 60.7% YoY; EBITDA, PAT Margins 15.8%, 88.1%

Tanushree Jaiswal 30th April 2024 - 09:13 am

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Key Highlights

Birlasoft reported revenue from operations Q4 FY2024 was Rs 1362.50 cr.
Net profit was marked at ₹180 cr for Q4 FY2024 up by 60.7% on a YOY basis.
EBITDA and PAT margin were reported at 15.8% and 88.1%.

Business Highlights

Birlasoft reported a net profit for Q4 FY2024 at ₹180 cr from ₹112 cr in Q3 FY2024.
Its revenue from operations Q4 FY2024 was Rs 1362.50 cr against ₹1226.30 cr in Q4 FY2023, up by 11.1%.
Total revenue for FY 2024 was ₹5278.1 up by 10.1% on a yearly basis.
EBITDA increased by 32.70% reaching ₹221.50 cr for Q4 FY2024 from ₹166.90 cr on a YOY basis.
For the quarter ending March 2024, the EBITDA margin was 16.3%.
The company announced a per share dividend of ₹4 per share having a face value of ₹2 at 200%.
Birlasoft signed new TCV deals worth USD 240 million for Q4 FY2024.
The number of active clients stood at 259 for the quarter ending March 2024.
The company’s Cash & Cash equivalents increased to USD 209.2 million for Q4 FY2014 compared to USD 203.0 million in Q3 FY2024.

Commenting on the results, Mr. Angan Guha, Chief Executive Officer and Managing Director, Birlasoft “We are pleased to report a robust operating performance for both the quarter and the full year, delivering revenue growth as well as margin expansion in the face of continued macro uncertainty. On a constant currency basis, our revenues have grown 9.1% ex Invacare during FY’24 and revenues during the fourth quarter are up 1.6% sequentially. While our near-term outlook is likely to reflect the impact of shift in customer priorities that affect both transformational and discretionary spends, we continue to invest in our capabilities such as Generative AI where we have been early adopters.”

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Tanushree Jaiswal

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