Birlasoft Limited · NSE:BSOFT
Birlasoft — Q3 FY2024 Earnings Presentation
17 slides from Birlasoft's earnings presentation, Jan 24, 2024
Slide 1: Letter to stock exchanges: investor update Q3 FY 2023-24
January 24, 2024 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: BSOFT Symbol: BSOFT Scrip Code: 532400 Series: EQ Kind Attn: The Manager, Kind At
Slide 2: Investor Update Q3 FY 2023-24
Investor Update Q3 FY 2023-24
Slide 3: Birlasoft's Q3FY24 Revenue up 1.9% QoQ to $161.3 Mn
Birlasoft’s Q3FY24 Revenue up 1.9% QoQ to $161.3 Mn EBITDA Margin expands to 16.0% Sustained strong quarterly cash flow generation with OCF-to-EBITDA at 141% New Delhi (India), January 24, 2024: Birlasoft, a leading IT services and expanded our leadership team with the induction of Manjunath Kygonah
Slide 4: Other operating highlights, deal wins and awards
Other operating highlights Deal wins for the quarter • Growth during Q3FY24 driven with by all service lines and by E&U, • Won a large deal from a large North America-based Energy & Utilities Manufacturing and Lifesciences & Services (LSS) among verticals, customer consolidating work around its Busi
Slide 5: Awards & Recognitions (contd.)
…Awards & Recognitions (contd. from previous page) • Birlasoft recognized by ISG as a Product Challenger in its Intelligent Automation 2023 Provider Lens Study • Birlasoft's VINCI platform received Special Jury Award at the TOPS (Team Oriented Problem Solving) Convention 2023, hosted by the Indian S
Slide 6: About Birlasoft; About The CK Birla Group
About Birlasoft Bold Agile Ambitious Birlasoft combines the power of domain, enterprise, and digital technologies to reimagine business processes for customers and their ecosystem. Its consultative and design thinking approach makes societies more productive by helping customers run businesses. Birl
Slide 7: Fact Sheet Q3 FY 2023-24
Fact Sheet Q3 FY 2023-24 INR Revenue up 9.9% YoY EBITDA Margin expands to 16.0% $ 218 M TCV Deal wins Key Financial Metrics Growth (%) Key Financial Metrics - Q3 FY24 QoQ YoY Constant Currency (CC) Revenue growth during Q3 FY24 1.8% 7.9% Growth (%) Financials $ M Q3 FY23 Q2 FY24 Q3 FY24 QoQ YoY Reve
Slide 8: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Geography Q3 FY23 Q2 FY24 Q3 FY24 Americas 83.7% 85.8% 85.7% Rest of the World 16.3% 14.2% 14.3% Total 100.0% 100.0% 100.0% Quarter Ended Revenue by Industry Verticals Q3 FY23 Q2 FY24 Q3 FY24 Manufacturing 40.0% 41.1% 41.1% BFSI 20.1% 21.1% 20.6% Energy
Slide 9: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Contract Type Q3 FY23 Q2 FY24 Q3 FY24 Time & Material 39.2% 39.1% 37.3% Fixed Price, Fixed Monthly 60.8% 60.9% 62.7% Total 100.0% 100.0% 100.0% Quarter Ended Revenue Mix Q3 FY23 Q2 FY24 Q3 FY24 Onsite 48.9% 48.8% 45.8% Offshore 51.1% 51.2% 54.2% Total 1
Slide 10: Key Operating Metrics
Key Operating Metrics Quarter Ended Exchange Rate (₹/US $) Q3 FY23 Q2 FY24 Q3 FY24 Period Average 82.33 82.76 83.24 Period End 82.72 83.04 83.21 Quarter Ended Client Data Q3 FY23 Q2 FY24 Q3 FY24 No of Active Clients 299 278 272 Clients added - QoQ (2) (7) (6) No of million $ clients (LTM) US$ 1mn+ C
Slide 11: Key Operating Metrics
Key Operating Metrics Quarter Ended Headcount Metrics Q3 FY23 Q2 FY24 Q3 FY24 Total Headcount 12,530 12,322 12,356 Technical 11,386 11,130 11,169 Sales & Support 1,144 1,192 1,187 Women Employees 2,943 2,906 2,892 Attrition* (LTM) 25.5% 15.0% 12.6% Utilization 84.0% 86.5% 87.1% * adjusted for < 6 mo
Slide 12: Consolidated Income Statement for the quarter ended December 31, 2023 ($M)
Consolidated Income Statement for the quarter ended December 31, 2023 Particulars In $ M Quarter ended 31-Dec-22 30-Sep-23 31-Dec-23 QoQ YoY Unaudited Unaudited Unaudited Revenue from operations 148.4 158.3 161.3 1.9% 8.7% Expenses Employee benefits 88.9 89.9 95.3 Other expenses 39.6 43.3 40.3 EBITD
Slide 13: Consolidated Income Statement for the quarter ended December 31, 2023 (₹M)
Consolidated Income Statement for the quarter ended December 31, 2023 Particulars In ₹ M Quarter ended 31-Dec-22 30-Sep-23 31-Dec-23 QoQ YoY Unaudited Unaudited Unaudited Revenue from operations 12,219 13,099 13,430 2.5% 9.9% Expenses Employee benefits 7,320 7,441 7,934 Other expenses 3,316 3,586 3,
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet $M ₹M Particulars as at 31-Dec-22 30-Sep-23 31-Dec-23 31-Dec-22 30-Sep-23 31-Dec-23 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) ASSETS Non-current assets Property, plant and equipment 17.5 14.9 13.7 1,447 1,237 1,144 Right-of-use assets 12.0 9.1
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet $M ₹M Particulars as at 31-Dec-22 30-Sep-23 31-Dec-23 31-Dec-22 30-Sep-23 31-Dec-23 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) EQUITY AND LIABILITIES Equity share capital 6.6 6.6 6.6 547 551 552 Other equity 272.2 321.5 335.9 22,518 26,697 27,9
Slide 16: Consolidated Cash Flow Statement for Q3 FY24
Consolidated Cash Flow Statement for Q3 FY24 31-Dec-23 Particulars ₹M $M Profit before tax 2,154 25.9 Items to reconcile profit before tax to net cash flows Add: non cash items Depreciation of property, plant and equipment & amortization of 211 2.5 intangible assets Allowance for doubtful debts-trad
Slide 17: Q3FY24 Earnings Conference Call on 24th January 2024 at 5.30 pm IST
Q3FY24 Earnings Conference Call on 24th January 2024 at 5.30 pm IST Dial in Information India 17:30 hours IST; Hong Kong / Singapore 20:00 hours; London 12:00 hours; New York 07:00 hours India +91 22 6280 1179 Universal Dial In India +91 22 7115 8840 India National Toll Free India 1 800 120 1221 Arg