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Birlasoft Q3 results: Net profit rises 33% to Rs 96 cr

Birlasoft, part of the USD 2.four billion diversified C Okay Birla Group, on Saturday reported 32.6 per cent rise in consolidated internet revenue at Rs 96.three crore for December quarter of the continuing monetary yr.

The IT companies firm had posted a revenue of Rs 72.6 crore within the year-ago interval,

mentioned in a regulatory submitting.

Income from operations grew 5.7 per cent to Rs 880.7 crore within the interval below assessment from Rs 833.2 crore in December quarter 2019-20, it added.

Birlasoft has delivered a powerful monetary efficiency within the third quarter of 2020-21 and has hit the 15 per cent EBITDA margins, sooner than deliberate, Birlasoft CEO and Managing Director Dharmender Kapoor mentioned.

“With a transparent centered technique on buyer centricity and aligning our gross sales and supply in key accounts, we’ve got been in a position to present about 20 per cent year-on-year development in our high accounts. With the markets exhibiting a gentle enchancment, our strategic investments in our digital transformation and cloud methods are beginning to repay with new deal wins,” he added.

The corporate signed offers value USD 109 million in complete contract worth (TCV) throughout the quarter. Its lively consumer rely was at 295.

In greenback phrases, the corporate’s internet revenue grew 28.three per cent to USD 13.1 million, whereas income was up 2.three per cent to USD 119.5 million in December 2020 quarter from the year-ago interval.

Birlasoft’s headcount stood at 10,399 on the finish of December 2020 quarter, whereas attrition charge was 10.9 per cent.

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