Birlasoft Limited submitted its investor update for the first quarter ended June 30, 2026 (Q1 FY27), containing unaudited consolidated financial results and operational highlights.

Financial Performance (Q1 FY27)

Revenue: ₹13,794 million, representing growth of 2.3% quarter-on-quarter (QoQ) and 7.4% year-on-year (YoY). In US dollar terms, revenue was $145.2 million, down 0.1% QoQ but up 0.3% in constant currency terms.

Profitability:

  • EBITDA stood at ₹2,228 million ($23.4 million), with an EBITDA margin of 16.1%.
  • EBIT was ₹2,034 million ($21.4 million), with an EBIT margin of 14.7%.
  • Profit After Tax (PAT) was ₹1,610 million ($16.9 million), up 51.3% YoY, translating to a PAT margin of 11.7%.
  • Basic Earnings Per Share (not annualized) was ₹5.72.

Cash Flow & Balance Sheet:

  • Cash and cash equivalents increased to ₹28,786 million ($304.1 million) as of June 30, 2026, marking a 9% increase QoQ and a 26% increase YoY.
  • Days Sales Outstanding (DSO) improved significantly to 55 days from 62 days in Q4 FY26.
  • The consolidated balance sheet shows total assets of ₹54,756 million ($578.4 million) as of June 30, 2026.

Operational Highlights

Vertical Performance: Revenue growth was led by the BFSI vertical (up 5.1% QoQ in dollar terms) and the Lifesciences & Services (LSS) vertical (up 2.3% QoQ). The Manufacturing and Energy & Utilities verticals registered a sequential decline.

Service Line Performance: Growth was led by ERP (up 0.7% QoQ) and Infra (up 0.5% QoQ) service lines.

Deal Wins: Total Contract Value (TCV) of deals signed during the quarter was $169 million, up 20% YoY from $141 million in Q1 FY26. This included $57 million in new business.

Workforce: Total headcount stood at 11,057 as of June 30, 2026, with technical staff at 10,043. Attrition (LTM) reduced to 11.7% from 13.0% in Q4 FY26. Utilization was reported at 81.7%.

Key Deal Wins

Several strategic, AI-led deals were highlighted:

  • A partnership with a leading US-based financial services player to accelerate AI innovation.
  • A Gen AI contract from a large P&C Insurer for insurance-specific use cases.
  • A multi-year, AI-led transformation program for a leading European banking group.
  • A strategic engagement with a leading Pharma and MedTech company to deploy GenAI-powered solutions across Pharmacovigilance operations.

Recognitions & Awards

The document lists several industry recognitions received by Birlasoft, including being named a 'Leader' in the Digital Engineering Services 2026 ISG Provider Lens Study and recognition in studies by HFS Research, Avasant, Everest, and NelsonHall.

Management Commentary

Mr. Angan Guha, Chief Executive Officer and Managing Director, commented on the stable performance in a challenging macro-environment, highlighting the 20% YoY growth in deal signings and continued investment in tech capabilities and sales force.

Mr. Chandrasekar Thyagarajan, Chief Financial Officer, emphasized the healthy margin performance, strong collections that improved DSO, and the robust growth in cash reserves.

Hedge Book Details

As of June 30, 2026, the company's hedge book included $43.0 million USD (avg. rate ₹90.9), £3.3 million GBP (avg. rate ₹123.5), and €3.5 million Euro (avg. rate ₹107.8).

Investor Contact

For further information, investors and analysts were directed to contact Abhinandan Singh, and media inquiries to Tanushree Mahanty.

Disclaimer

The document includes a standard disclaimer noting that some statements are forward-looking and subject to risks and uncertainties including market demand, competition, customer spending, ability to grow and retain personnel, currency fluctuations, and global market conditions.