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ICICI Direct Report
Birlasoft Ltd.’s dollar revenue increased 3.2% QoQ to $123.3 million, mainly led by healthy growth across verticals.
The manufacturing vertical increased 3.7% QoQ, energy and utility up 3.2% QoQ, lifescience up 4.0% QoQ.
Ebitda margin increased 48 QoQ (up 401 basis points YoY) to 16.9%.
Overall total contract for FY21 was at $888 million (up 33% YoY and book to bill ratio of 1.9 times).
The company recommended a dividend of Rs 2.5/share.
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