Birlasoft Limited · NSE:BSOFT
Birlasoft — Q1 FY2024 Earnings Presentation
16 slides from Birlasoft's earnings presentation, Jul 27, 2023
Slide 1: Exchange filing cover letter for Q1 FY 2023-24 investor update
July 27, 2023 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 Attn:
Slide 2: Investor Update Q1 FY 2023-24
Investor Update Q1 FY 2023-24
Slide 3: Birlasoft's Q1FY24 Revenue up 3.1% QoQ to $154Mn
Birlasoft’s Q1FY24 Revenue up 3.1% QoQ to $154Mn EBITDA margin expands 168 bps QoQ to 15.3% Sustained strong quarterly cash flow generation with OCF-to-EBITDA at 101% New Delhi (India), July 27, 2023: Birlasoft, a part of the USD 2.9 billion have been early adopters of new technologies such as Gener
Slide 4: Other operating highlights, deal wins and awards
Other operating highlights Deal wins for the quarter • Growth during Q1FY24 driven by BFSI and Manufacturing among • Awarded business for an AMS deal in Digital for a Financial Services verticals, and by both emerging tech and enterprise solutions organisation including Infrastructure and ERP, among
Slide 5: About Birlasoft
About Birlasoft Challenge The Norm 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. As part
Slide 6: Fact Sheet Q1 FY 2023-24
Fact Sheet Q1 FY 2023-24 INR Revenue up 9.4% YoY EBITDA Margin expands to 15.3% $ 146 M TCV Deal wins Key Financial Metrics Growth (%) Key Financial Metrics - Q1 FY24 QoQ YoY Constant Currency (CC) Revenue growth during Q1 FY24 2.7% 3.6% Growth (%) Financials $ M Q1 FY23 Q4 FY23 Q1 FY24 QoQ YoY Reve
Slide 7: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Geography Q1 FY23 Q4 FY23 Q1 FY24 Americas 84.9% 85.3% 84.0% Europe 9.2% 9.0% 10.1% Rest of the World 5.9% 5.7% 6.0% Total 100.0% 100.0% 100.0% Quarter Ended Revenue by Industry Verticals Q1 FY23 Q4 FY23 Q1 FY24 Manufacturing 41.4% 40.1% 40.7% BFSI 17.8
Slide 8: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Contract Type Q1 FY23 Q4 FY23 Q1 FY24 Time & Material 40.8% 38.3% 38.5% Fixed Price, Fixed Monthly 59.2% 61.7% 61.5% Total 100.0% 100.0% 100.0% Quarter Ended Revenue Mix Q1 FY23 Q4 FY23 Q1 FY24 Onsite 51.1% 48.6% 49.0% Offshore 48.9% 51.4% 51.0% Total 1
Slide 9: Key Operating Metrics
Key Operating Metrics Quarter Ended Exchange Rate (₹/US $) Q1 FY23 Q4 FY23 Q1 FY24 Period Average 77.67 82.26 82.20 Period End 78.97 82.17 82.04 Quarter Ended Client Data Q1 FY23 Q4 FY23 Q1 FY24 No of Active Clients 300 288 285 Clients added - QoQ 4 (11) (3) No of million $ clients (LTM) US$ 1mn+ Cl
Slide 10: Key Operating Metrics
Key Operating Metrics Quarter Ended Headcount Metrics Q1 FY23 Q4 FY23 Q1 FY24 Total Headcount 12,565 12,193 12,235 Technical 11,351 11,043 11,061 Sales & Support 1,214 1,150 1,174 Women Employees 2,897 2,852 2,863 Attrition* (LTM) 27.9% 22.1% 18.8% Utilization 82.5% 84.8% 84.9% * adjusted for < 6 mo
Slide 11: Consolidated Income Statement for the quarter ended June 30, 2023 ($M)
Consolidated Income Statement for the quarter ended June 30, 2023 Particulars In $ M Quarter ended 30-Jun-22 31-Mar-23 30-Jun-23 QoQ YoY Unaudited Audited Unaudited Revenue from operations 148.6 149.1 153.6 3.1% 3.4% Expenses Employee benefits 84.7 88.7 90.4 Other expenses 42.1 40.1 39.8 EBITDA 21.9
Slide 12: Consolidated Income Statement for the quarter ended June 30, 2023 (₹M)
Consolidated Income Statement for the quarter ended June 30, 2023 Particulars In ₹ M Quarter ended 30-Jun-22 31-Mar-23 30-Jun-23 QoQ YoY Unaudited Audited Unaudited Revenue from operations 11,544 12,264 12,628 3.0% 9.4% Expenses Employee benefits 6,579 7,294 7,428 Other expenses 3,268 3,300 3,268 EB
Slide 13: Consolidated Balance Sheet as on June 30, 2023
Consolidated Balance Sheet as on June 30, 2023 $M ₹M Particulars as at 30-Jun-22 31-Mar-23 30-Jun-23 30-Jun-22 31-Mar-23 30-Jun-23 ASSETS (Unaudited) (Audited) (Unaudited) (Unaudited) (Audited) (Unaudited) Non-current assets Property, plant and equipment 17.8 17.3 16.2 1,405 1,423 1,331 Right-of-use
Slide 14: Consolidated Balance Sheet as on June 30, 2023
Consolidated Balance Sheet as on June 30, 2023 $M ₹M Particulars as at 30-Jun-22 31-Mar-23 30-Jun-23 30-Jun-22 31-Mar-23 30-Jun-23 (Unaudited) (Audited) (Unaudited) (Unaudited) (Audited) (Unaudited) EQUITY AND LIABILITIES Equity share capital 7.1 6.7 6.7 560 550 550 Other equity 340.0 291.3 311.7 26
Slide 15: Consolidated Cash Flow Statement for Q1 FY24
Consolidated Cash Flow Statement for Q1 FY24 30-Jun-23 Particulars ₹M $M Profit before tax 1,816 22.1 Items to reconcile profit before tax to net cash flows Add: non cash items Depreciation of property, plant and equipment & amortization of intangible assets 214 2.6 Allowance for doubtful debts-trad
Slide 16: Q1FY24 Earnings Conference Call on 27th July 2023
Q1FY24 Earnings Conference Call on 27th July 2023 at 5.00 p.m. (IST) Dial in Information India 17:00 hours IST; Hong Kong / Singapore 19:30 hours; London 12:30 hours; New York 7:30 hours India +91 22 6280 1179 Universal Dial In India +91 22 7115 8840 India National Toll Free India 1 800 120 1221 Arg