BSOFT

Birlasoft share price & financials

Price
₹326.4
Market cap
₹9.0k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 28 Jul 2026

Birlasoft Ltd Q1 FY27

Revenue 145.2 million EBITDA ₹222 cr +40%EBITDA Margin 16.1% PAT 16.9 million

What went well

  • Revenue grew 0.3% QoQ in constant currency, indicating a return to growth.
  • EBITDA margins normalized to 16.1%, closer to the sustainable range.
  • TCV signings were strong at $168.7 million, up 20% YoY, including several AI-led engagements.

What to watch

  • Revenue was flattish in dollar terms QoQ, despite CC growth.
  • Softness continued in Manufacturing and E&U verticals, offsetting growth in BFSI and LSS.
Read the full call →

What Birlasoft Ltd does

Birlasoft, part of the CKA Birla Group, is a global IT services company that helps enterprises modernize legacy systems and run digital transformation programs. It earns revenue by delivering consulting, implementation, and managed services across three service lines - Digital & Data, Enterprise Resource Planning (ERP), and Infrastructure & Cloud Technology - built on partnerships with SAP, Oracle, Microsoft, AWS and ServiceNow. Client work spans core banking modernization, manufacturing execution and supply chain systems, energy-sector infrastructure, and life-sciences R&D/commercialization platforms, delivered through onsite and offshore delivery teams. The company also builds proprietary IP such as its Cogito AI platform, the ZeROism composable-ERP framework, and the bMACH manufacturing approach that it embeds into client engagements.

Segments

  • Digital & Data
  • Enterprise Resource Planning (ERP)
  • Infrastructure and Cloud Technology
Total headcount
11,645 (as of Dec 31, 2025)
Active clients
232 (Q3 FY26)
US$1 million+ clients (LTM)
85
US$10 million+ clients (LTM)
10
Technical staff
10,588 (of total headcount, Q3 FY26)
Women employees
3,005 (Q3 FY26)
Employees 11,645 (2025-12-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 5 delivered 5 missed 11 open
  • Sequential Revenue Growth delivered, diluted said Q4 FY25 Promised: However, we feel our growth will be back in the company starting Q2. Q1 FY27: Target period (Q2 FY26) has passed. The promise was achieved on a diluted basis.
  • Predictability of Results missed said Q3 FY25 Promised: I can only tell you that predictability will be far better next year. That is something that we are committing to. Q1 FY27: Target period (FY26) has passed. The promise was missed.
  • ERP Business Turnaround delayed said Q4 FY25 Promised: And over the next 2-3 quarters, I will come back and update you on what we are doing there. Q1 FY27: Management stated that the Manufacturing vertical (which includes ERP) will see weakness for 'some more time' and will take a 'couple of quarters to get it back on track', confirming the turnaround is still delayed.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 7.3%, net profit up 51.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,368 1,363 1,317 1,285 1,329 −3%1,348 −1%1,349 +2%1,379 +7%
EBITDA165 163 174 159 213 +29%245 +50%249 +43%223 +40%
Net profit128 117 122 106 116 −9%120 +3%176 +44%161 +52%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −26.4% 1Y

₹300₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 6 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹382.7 on 10 Sept 2025 → ₹281.65. High ₹465.5 (10 Feb 2026), low ₹272.2 (8 Jul 2026).

How the price took the results

close before → close after

Q1 FY27
+2.2%
28 Jul
Q4 FY26
+0.7%
6 May
Q3 FY26
+1.0%
28 Jan
Q2 FY26
+0.7%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 3.5% a year over 3 years, FY23 to FY26. Operating margin widened to 16.3%.

Year endingFY23FY24FY25FY26
Revenue₹4.8k Cr₹5.3k Cr₹5.4k Cr₹5.3k Cr
Operating profit₹520 Cr₹836 Cr₹697 Cr₹866 Cr
Operating margin10.8%15.8%13.0%16.3%
Interest₹19 Cr₹20 Cr₹24 Cr₹20 Cr
Depreciation₹83 Cr₹85 Cr₹86 Cr₹80 Cr
Net profit₹332 Cr₹624 Cr₹517 Cr₹518 Cr
Net margin6.9%11.8%9.6%9.8%
Cash from operations₹561 Cr₹718 Cr₹588 Cr₹481 Cr
Free cash flow₹504 Cr₹699 Cr₹541 Cr₹441 Cr
ROCE17.0%30.0%21.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹55 Cr₹56 Cr₹55 Cr₹55 Cr₹56 Cr₹56 Cr
Reserves₹2.1k Cr₹2.5k Cr₹2.4k Cr₹3.0k Cr₹3.6k Cr₹4.1k Cr
Borrowings₹128 Cr₹123 Cr₹102 Cr₹93 Cr₹151 Cr₹141 Cr
Other liabilities₹686 Cr₹677 Cr₹637 Cr₹788 Cr₹899 Cr₹1.0k Cr
Total liabilities₹3.0k Cr₹3.4k Cr₹3.2k Cr₹3.9k Cr₹4.8k Cr₹5.3k Cr
Fixed assets₹698 Cr₹725 Cr₹736 Cr₹697 Cr₹783 Cr₹834 Cr
Capital work in progress₹7 Cr₹3 Cr₹6 Cr₹12 Cr₹9 Cr₹2 Cr
Investments₹571 Cr₹840 Cr₹563 Cr₹1.3k Cr₹1.9k Cr₹2.2k Cr
Other assets₹1.7k Cr₹1.8k Cr₹1.9k Cr₹1.9k Cr₹2.1k Cr₹2.3k Cr
Total assets₹3.0k Cr₹3.4k Cr₹3.2k Cr₹3.9k Cr₹4.8k Cr₹5.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −0.44 pp while FIIs added +0.40 pp. The shareholder count shrank 11% to 4,00,850.

Promoters
40.4%
FIIs
12.8%
DIIs
22.0%
Public
24.9%

Since Jun 2025

  • DIIs −0.44 pp
  • FIIs +0.40 pp
  • Public +0.29 pp

How it drifted, 12 quarters

Over this window the public went from 19.0% to 24.9% — +5.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 41.0%, FIIs 17.6%, DIIs 22.4%, Public 19.0%, Others 0.0%.Dec '23: Promoters 41.0%, FIIs 21.3%, DIIs 20.2%, Public 17.6%, Others 0.0%.Mar '24: Promoters 40.9%, FIIs 23.5%, DIIs 18.6%, Public 17.0%, Others 0.0%.Jun '24: Promoters 40.9%, FIIs 18.8%, DIIs 20.9%, Public 19.4%, Others 0.0%.Sep '24: Promoters 40.9%, FIIs 11.7%, DIIs 24.3%, Public 23.1%, Others 0.0%.Dec '24: Promoters 40.8%, FIIs 11.1%, DIIs 24.6%, Public 23.5%, Others 0.0%.Mar '25: Promoters 40.6%, FIIs 11.7%, DIIs 24.5%, Public 23.1%, Others 0.0%.Jun '25: Promoters 40.6%, FIIs 12.4%, DIIs 22.4%, Public 24.6%, Others 0.0%.Sep '25: Promoters 40.5%, FIIs 11.3%, DIIs 21.9%, Public 26.3%, Others 0.0%.Dec '25: Promoters 40.5%, FIIs 10.9%, DIIs 24.1%, Public 24.5%, Others 0.0%.Mar '26: Promoters 40.4%, FIIs 13.6%, DIIs 23.4%, Public 22.6%.Jun '26: Promoters 40.4%, FIIs 12.8%, DIIs 22.0%, Public 24.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Birlasoft Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
National Engineering Industries Limited 38.53%unchanged
Kotak Midcap Fund Mutual fund7.12%unchanged
ICICI Prudential Technology Fund Mutual fund2.42%+0.11 pp
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund2.24%unchanged
Central India Industries Limited 1.85%unchanged
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund Mutual fund1.74%+0.48 pp
Tata Digital India Fund Mutual fund1.51%unchanged
Societe Generale - Odi Foreign bank / ODI1.50%+0.27 pp
Motilal Oswal Small Cap Fund Mutual fund1.48%unchanged
HDFC Trustee Company Limited-HDFC Flexi Cap Fund Mutual fund1.35%−0.54 pp
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund1.14%unchanged
Hindustan Motor Finance Corporation Limited 0.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BSOFT

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.05 L shares (+0.1%).

Held by funds
₹105 Cr
7 schemes
Biggest holder
Nippon India Small Cap Fund
₹85 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹85 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹8 Cr+0.03 L
HDFC Dividend Yield Fund HDFC Mutual Fund₹8 Crheld
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.02 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +4,749 shares (+0.1%)

Funds are sitting on
-32%
vs est. average cost
Held by funds
₹105 Cr
7 schemes · ≈ 1.3% of the company
Biggest holder
Nippon India Small Cap Fund
₹85 Cr · 0.1% of that fund
Longest holder
Nippon India Nifty Smallcap 250 Index Fund
5y 11m · since Oct '20

Shares held by these funds +26%

Aug '23 35.88 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹282, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~16%. At that growth it is worth ₹487 — upside of 73%.

Growth the price implies
5.4% a year
for 7 years, fading to 4%
It has actually compounded at
16.0% a year
net profit, FY23–FY26 · EPS 15.6%
The gap
-0.1 pp
73% downside if it only repeats history
Price today ₹281.65 Value at the reference growth ₹487.38

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Birlasoft Ltd

Guides on how to read this kind of business and the numbers that matter.