BIRLASOFT LIMITED — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Birlasoft reported Q2 FY26 revenue of $150.7M (0.1% QoQ) and Rs. 1,328.9 Cr, with EBITDA margin expanding to 16% due to operational efficiency, account rationalization, and one-offs. Sustainable margin is estimated around 14%. Q2 TCV of $107M was lower as ~$60-65M in committed deals slipped to Q3. Management expects sequential growth in Q3 & Q4, projecting H2 FY26 to be stronger than H1. BFSI, Energy & Utilities, and Life Sciences are seen as growth drivers, offsetting continued weakness in Manufacturing. Focus remains on expanding pipeline, AI capabilities, and securing outcome-based deals. New Americas CEO Komal Jain is onboard to drive aggressive sales.