BIRLASOFT LIMITED — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Birlasoft reported FY25 revenues at INR 5,375 Cr, up 1.8% YoY in rupees but flat in dollars. Q4 revenue fell 5.4% QoQ to $152.2 mn, pressured by weak demand and cautious client spending in Manufacturing and MedTech. EBITDA margin improved to 13.2%, supported by efficiency gains and currency benefits; PAT rose 4.4% QoQ to INR 122 Cr. Deal TCV grew 4% QoQ to $236 mn, with half from new clients. Management expects muted growth in Q1 FY26, recovery from Q2, and stable margins near current levels. Cash position strengthened to $260 mn with 54-day DSO; dividend payout at 35%. The outlook is cautiously optimistic, focusing on new client wins and maintaining balance sheet strength.