Arthneeti

Birlasoft Q2 FY27 Share Price & Earnings Call Analysis

₹342.50+11.89% today
Market cap
₹9,585 Cr
P/E
16.08
ROE
14.06%
PEG
0.91
Price to sales
1.78
Debt to equity
0.03
52W high / low
₹466 / ₹269
Sales growth (5Y)
8.35%
EBITDA margin
17.21%
Net profit margin
10.05%
Promoter holding
40.37%
Sales (last year)
₹5,404 Cr

Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. [1] [2]

Guidance scorecard · Q2 FY27 call

What Birlasoft Ltd's management guided
and where it ranks in IT - Software

#37of 38 in
IT - Software
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

0–10%
  • Birlasoft expects momentum in sales growth to build, especially from AI-led engagements and Financial Services (BFSI) and Life Sciences & Healthcare (LSS) verticals.
  • Manufacturing and Energy & Utilities segments, contributing nearly 50% revenue, are currently soft but expected to recover over a couple of quarters.
  • Sequential organic growth is a near-term focus, aiming for 3-4 quarters of consistent growth before considering acquisitions.
  • Order book and deal signings in H1 FY27 are expected to be stronger than last year, with Q2 deal signings anticipated to be healthy.
  • Management is investing significantly in expanding and strengthening the sales team, targeting a 30-40% addition in sales talent in coming quarters.

2 more points from Birlasoft Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Birlasoft Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Birlasoft is focused on capability building through strategic acquisitions only if they are accretive and a good strategic fit, particularly in AI and platform development.
  • Management is not pursuing acquisitions for revenue aggregation but for capability enhancement in AI-driven verticals.
  • The company is significantly investing in expanding sales teams to boost organic growth.

2 more points from Birlasoft Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Birlasoft Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The company has built some momentum in the order book and is confident this will continue into Q2 and beyond.
  • Q1 is traditionally a weak quarter for deal signings; however, Q1 FY27 deal signings showed a 20% growth compared to last year.
  • H1 FY27 deal signings are expected to be better than H1 FY26.
  • Order book momentum is being tracked closely, with the focus on delivering sequential organic growth.
  • The order book includes many long-term deals, typically 18-24 months, with a growing AI component.
  • The company sees continued invitation to AI-driven deals with fierce competition but is winning a fair share.

2 more points from Birlasoft Ltd's call on the order book

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Full Q1 FY27 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does Birlasoft Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Financials of Birlasoft Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Birlasoft Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +40.95%40.92%40.90%40.86%40.82%40.63%40.63%40.53%40.51%40.39%40.38%40.37%
FIIs +21.25%23.48%18.82%11.71%11.05%11.68%12.38%11.25%10.91%13.64%12.78%12.33%
DIIs +20.16%18.61%20.89%24.26%24.63%24.53%22.42%21.92%24.11%23.35%21.98%19.58%
Public +17.60%16.96%19.37%23.15%23.49%23.15%24.56%26.28%24.46%22.60%24.85%27.72%
Others +0.03%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.00%0.00%
No. of Shareholders3,20,1553,38,3883,82,5224,45,8144,50,6124,49,4934,52,8924,47,4954,20,9863,96,6414,00,8504,15,309

Financials of Birlasoft Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,3101,3431,3631,3271,3681,3631,3171,2851,3291,3481,3491,3791,416
Expenses +1,1031,1291,1411,1321,2031,1991,1431,1261,1161,1031,0991,1571,201
Operating Profit207214222195165163174159213245249223215
OPM %16%16%16%15%12%12%13%12%16%18%18%16%15%
Other Income +162846353321203322-27-42942
Interest6644776556448
Depreciation22212121222122212020191925
Profit before tax196215242205170156166166210192222228225
Tax %26%25%26%27%25%25%27%36%45%37%21%29%29%
Net Profit +145161180150128117122106116120176161160
EPS in Rs5.275.846.535.444.614.234.393.834.174.306.295.765.71

Financials of Birlasoft Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,9903,2243,3202,2502,5513,2913,5564,1304,7955,2785,3755,3105,492
Expenses +2,6662,7902,9711,9672,2442,8993,0263,4904,2734,4424,6784,4444,560
Operating Profit324435349283306392529640522836698866932
OPM %11%13%10%13%12%12%15%16%11%16%13%16%17%
Other Income +35164787100431966221041082440
Interest2617148111613131920232022
Depreciation85698340508380778285868084
Profit before tax248365299322346336455617442835697790867
Tax %5%23%20%21%16%33%29%25%25%25%26%34%
Net Profit +237281239254292224321464332624517518616
EPS in Rs12.0514.2212.0812.8010.568.1111.5716.5912.0622.6118.6018.5522.06
Dividend Payout %9%15%17%18%19%25%30%27%29%29%35%35%

Financials of Birlasoft Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital38383838555555565555565656
Reserves1,2591,3481,5451,7791,6591,8372,1242,5272,3932,9893,4234,0574,308
Borrowings +5052503873103814512812310293151141170
Other Liabilities +4735475596067466506866776377888331,012997
Total Liabilities2,2742,1832,5282,7332,4982,6872,9943,3833,1873,9264,4625,2665,532
Fixed Assets +730630671829588751698725736697744834896
CWIP12361383202736122322
Investments821279129191335718405631,3201,7542,1712,428
Other Assets +1,4511,5051,6411,7431,7191,9011,7191,8161,8821,8971,9422,2592,206
Total Assets2,2742,1832,5282,7332,4982,6872,9943,3833,1873,9264,4625,2665,532

Financials of Birlasoft Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +289410163407-72310558281561718588481
Cash from Investing Activity +-102-146-150-193123-42-444-309252-625-438-149
Cash from Financing Activity +-40-30780-128-116-180-97-147-636-168-215-233
Net Cash Flow147-429386-648817-176176-74-6599
Free Cash Flow199286-25292-161258533219504699541441
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit113%113%66%164%-11%100%118%72%133%108%111%89%

Financials of Birlasoft Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days85788613110282536056726783
Inventory Days
Days Payable
Cash Conversion Cycle85788613110282536056726783
Working Capital Days43525445646385338393238
ROCE %15%23%16%16%17%18%22%25%17%30%21%21%

Guidance history

How Birlasoft Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned—Rising
Q4 FY26 call →0–10%Down 0–2%Planned——
Q3 FY26 call →0–10%FlatPlanned—Rising
Q2 FY26 call →0–10%Flat——Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−8.7%51%
Last 6 months−7.3%41%
Last 3 months+11.8%81%

The price is 59.5% below its all-time high of ₹846.35 (2 Feb 2024). Stocks more than 20% below their peak have their score halved, so 53 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Birlasoft Ltd: 0.4 × 51 + 0.4 × 41 + 0.2 × 81 = 53, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Birlasoft Ltd's management said in earlier quarters

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