Information technology player Birlasoft Ltd shares sank over four percent in trade on Friday, May 30, after the firm reported a 4.3 percent year-on-year increase in net profit for the fourth quarter, rising to Rs 122 crore from Rs 117 crore in the same period last year.
Revenue declined 3.4 percent to Rs 1,317 crore compared to Rs 1,362.55 crore a year ago. EBITDA dropped 21.7 percent to Rs 173.5 crore from Rs 221.5 crore, with the EBITDA margin narrowing to 13.18 percent from 16.26 percent year-on-year.
The board has proposed a final dividend of Rs 4 per share for FY25, subject to approval at the upcoming annual general meeting.
At 9.40 am, Birlasoft shares were quoting Rs 404.05 per share, lower by four percent on the NSE.
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“We are pleased to report a steady year in the face of a soft demand environment, owing to sustained macro-economic challenges, with revenue during FY2025 growing 1.8 per cent over the preceding year. We continue to generate consistently strong cashflows," said Angan Guha, CEO and MD, Birlasoft,
He added, "We also saw a noticeable uptick in our deal wins during the second half of the year under review, with a sequential increase in TCV of deals won during the quarter under review to $236 million led by higher new deals, demonstrating the strength of our pipeline and our ability to pursue deal closures. While our near-term outlook is likely to reflect the impact of shifts in customer priorities, we continue to invest in our capabilities such as GenAI, where we have been early adopters."
Shares of Birlasoft have stumbled 33 percent over the past year. In comparison, the benchmark Nifty 50 index has gained around 10.5 percent during the same time.
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