Q1 2026 Birlasoft Ltd Earnings Call Transcript
Key Points
- Three out of four verticals, including BFSI, Life Sciences and Services, and Energy Utilities, showed sequential growth in dollar terms during the quarter.
- The company secured new deals worth approximately $141 million in total contract value (TCV) during Q1.
- Birlasoft Ltd (BOM:532400) has partnered with a leading US energy sector player to deliver advanced AI use cases, showcasing enhanced tech capabilities.
- The company has a robust balance sheet with cash and cash equivalents standing at $266.6 million, up 16% year-on-year.
- The digital and data business registered a growth of 2.6% quarter-on-quarter, driven by new engagements and incremental revenue from existing accounts.
- Revenue for Q1 declined by 1% quarter-on-quarter in dollar terms, primarily due to challenges in the manufacturing vertical.
- The manufacturing vertical, the largest for Birlasoft Ltd (BOM:532400), experienced a 4% quarter-on-quarter decline due to project completions and insourcing.
- The effective tax rate increased to 35.9% from the historical range of 25-26%, impacting net earnings.
- The company faces a challenging demand environment with prolonged decision-making and cuts in discretionary spending by clients.
- Order book conversion has been tepid, with one significant deal being delayed to Q2, affecting Q1 deal signings.
Ladies and gentlemen, good day and welcome to the Bira Soft Limited Q1 FI 26 earnings conference call. As a reminder, all participant lines will be in the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touch door phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Abhinandan Singh. Head investor relations Bla Soft.
Thank you and over to you, sir.
Thanks and welcome everyone to our Q1F 26 earnings call.
You'd already have received our results or seen it on our website. Before we get started, let me quickly introduce you to you, the members of our team who are present on this call with along with me here. We have our CEO Mr. Ungan Ruha with us.
Along with him we also have our CFO Ms Kamini Shah and as well as and along with the her we also have our CFO
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