Birlasoft Limited · NSE:BSOFT
Birlasoft — Q1 FY2025 Earnings Presentation
17 slides from Birlasoft's earnings presentation, Jul 31, 2024
Slide 1: Exchange filing cover letter for Q1 FY 2024-25 investor update
July 31, 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 Attn:
Slide 2: Investor Update Q1 FY 2024-25
Investor Update Q1 FY 2024-25
Slide 3: Birlasoft Q1FY25 Revenue up 5.1% Y-on-Y to ₹13,274 Mn
Birlasoft Q1FY25 Revenue up 5.1% Y-on-Y to ₹13,274 Mn PAT up 9.2% Y-on-Y to ₹ 1,502 Mn Cash & Cash Equivalents Up 46% YoY led by strong collections Strong order-booking with Deals TCV up 10.1% YoY New Delhi (India), July 31, 2024: Birlasoft, a leading IT services and solutions and service lines to s
Slide 4: Other operating highlights and key deal wins for the quarter
Other operating highlights Key deal wins for the quarter • Growth during Q1FY25 driven by BFSI and E&U among verticals, by • Awarded a key contract from one of the top global Insurance companies to Infra among service lines, and by ROW among geographies migrate their SharePoint from On-Prem to Cloud
Slide 5: Awards & Recognitions (contd. from previous page)
…Awards & Recognitions (contd. from previous page) • Birlasoft is among the TOP 100 Great Places to Work • Birlasoft certified as DEI Crusader at the ET Now Diversity and Inclusion Summit 2024 • Birlasoft recognized amongst the Top Leadership Factories in India for creating leaders at scale by The G
Slide 6: About Birlasoft and 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 Q1 FY 2024-25
Fact Sheet Q1 FY 2024-25 INR Revenue up 5.1% YoY DSO at 52 days $ 160 M TCV Deal Wins Key Financial Metrics Growth (%) Key Financial Metrics - Q1 FY25 QoQ YoY Constant Currency (CC) Revenue growth during Q1 FY25 -2.7% 3.8% Growth (%) Financials $ M Q1 FY24 Q4 FY24 Q1 FY25 QoQ YoY Revenue $ M 153.6 1
Slide 8: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Geography Q1 FY24 Q4 FY24 Q1 FY25 Americas 84.0% 86.5% 84.0% Rest of the World 16.0% 13.5% 16.0% Total 100.0% 100.0% 100.0% Quarter Ended Revenue by Industry Verticals Q1 FY24 Q4 FY24 Q1 FY25 Manufacturing 40.7% 41.9% 39.2% BFSI 20.7% 21.2% 23.6% Energy
Slide 9: Key Operating Metrics
Key Operating Metrics Quarter Ended Revenue by Service Offerings Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Digital and Data 54.2% 55.5% 55.4% 53.5% 52.7% ERP 36.9% 36.1% 36.1% 37.7% 34.9% Infra 8.9% 8.4% 8.5% 8.8% 12.4% Total 100.0% 100.0% 100.0% 100.0% 100.0% Revenue by Service Offerings (for past 5
Slide 10: Key Operating Metrics
Key Operating Metrics Quarter Ended Exchange Rate (₹/US $) Q1 FY24 Q4 FY24 Q1 FY25 Period Average 82.20 83.12 83.41 Period End 82.04 83.40 83.34 Quarter Ended Client Data Q1 FY24 Q4 FY24 Q1 FY25 No of Active Clients 285 259 258 Clients added - QoQ (3) (13) (1) No of million $ clients (LTM) US$ 1mn+
Slide 11: Key Operating Metrics
Key Operating Metrics Quarter Ended Headcount Metrics Q1 FY24 Q4 FY24 Q1 FY25 Total Headcount 12,235 12,595 12,865 Technical 11,061 11,433 11,597 Sales & Support 1,174 1,162 1,268 Women Employees 2,863 2,968 3,048 Attrition* (LTM) 18.8% 12.4% 11.6% Utilization 84.9% 86.3% 81.7% * adjusted for < 6 mo
Slide 12: Consolidated Income Statement for the quarter ended June 30, 2024 ($)
Consolidated Income Statement for the quarter ended June 30, 2024 Particulars In $ M Quarter ended 30-Jun-23 31-Mar-24 30-Jun-24 QoQ YoY Unaudited Audited Unaudited Revenue from operations 153.6 163.9 159.1 -2.9% 3.6% Expenses Employee benefits expense 90.4 92.4 91.1 Other expenses 39.8 44.9 44.6 EB
Slide 13: Consolidated Income Statement for the quarter ended June 30, 2024 (₹)
Consolidated Income Statement for the quarter ended June 30, 2024 Particulars In ₹ M Quarter ended 30-Jun-23 31-Mar-24 30-Jun-24 QoQ YoY Unaudited Audited Unaudited Revenue from operations 12,628 13,625 13,274 -2.6% 5.1% Expenses Employee benefits expense 7,428 7,679 7,602 Other expenses 3,268 3,729
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet $M ₹M Particulars as at 30-Jun-23 31-Mar-24 30-Jun-24 30-Jun-23 31-Mar-24 30-Jun-24 (Unaudited) (Audited) (Unaudited) (Unaudited) (Audited) (Unaudited) ASSETS Non-current assets Property, plant and equipment 16.2 12.6 12.0 1,331 1,047 999 Right-of-use assets 10.2 10.5 9.9
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet $M ₹M Particulars as at 30-Jun-23 31-Mar-24 30-Jun-24 30-Jun-23 31-Mar-24 30-Jun-24 (Unaudited) (Audited) (Unaudited) (Unaudited) (Audited) (Unaudited) EQUITY AND LIABILITIES Equity share capital 6.7 6.6 6.6 550 552 552 Other equity 311.7 358.4 378.2 25,569 29,889 31,520 L
Slide 16: Consolidated Cash Flow Statement for Q1 FY25
Consolidated Cash Flow Statement for Q1 FY25 30-Jun-24 Particulars ₹M $M Profit before tax 2,049 24.6 Items to reconcile profit before tax to net cash flows Add: non cash items Depreciation of property, plant and equipment & amortization of 206 2.5 intangible assets Allowance for doubtful debts-trad
Slide 17: Q1FY25 Earnings Conference Call on 31st July 2024
Q1FY25 Earnings Conference Call on 31st July 2024 at 5.00 pm IST Dial in Information India 17:00 hours IST; Hong Kong / Singapore 19:30 hours; London 12:30 hours; New York 07:30 hours India +91 22 6280 1179 Universal Dial In India +91 22 7115 8840 India National Toll Free India 1 800 120 1221 Argent