BirlaSoft - Sustained Improvement In Margins Expected Going Forward: ICICI Direct
An attendee working on an Apple Inc. laptop computer participates in the Yahoo! Inc. Mobile Developer Conference Hackathon in New York, U.S. (Photographer Victor J. Blue/Bloomberg)

BirlaSoft - Sustained Improvement In Margins Expected Going Forward: ICICI Direct

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Birlasoft Ltd.’s dollar revenues increased 3.3% QoQ (up 2.3% YoY) to $119.5 million, mainly led by healthy growth across verticals.

The manufacturing vertical increased 2.9% QoQ, banking financial services and insurance up 3.4% QoQ, life science up 5.1% QoQ.

Ebitda margin increased 247 QoQ (up 350 basis points YoY) to 16.4% mainly led by higher utilisation and selling general and administrative rationalisation.

Profit after tax increased 39.4% QoQ (up 32.6% YoY) mainly led by higher operating margins and lower tax rate.

The company has migrated to the new tax regime in the current quarter.

Click on the attachment to read the full report:

ICICI Direct Birlasoft Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.