BIRLASOFT LIMITED — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Birlasoft reported stable Q3 FY26 revenue at $150.8 million (0.3% CC growth) despite seasonal furloughs, boosted by Manufacturing. EBITDA margin jumped to 18.2% (+212 bps QoQ) from efficiency and one-offs. Normalized PAT was $20.2 million. The company reported strong cash flow, with DSO at 54 days and cash and cash equivalents reaching ₹2,491 Cr. Order bookings were robust at $202 million, with nearly half from new engagements, many AI-led. Management sees stable demand but tight discretionary spending. Manufacturing and Life Sciences face Q4 headwinds. Q4 order bookings are expected to surpass Q3. Wage hikes are planned for FY27. Sustainable EBITDA margin is targeted at 15% after investments. Management is cautiously optimistic, emphasizing pipeline and growth.