Birlasoft Ltd Q3 PAT up 18.24% at Rs113.97cr on surge in manufacturing and energy verticals EBIT

28 Jan 2022 , 04:29 PM

Birlasoft Ltd reported 21.70% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs1,071.91cr. On a sequential basis, the revenues were higher for the quarter by 5.95%.

During the quarter, there was a surge across all the major verticals. The company reported the best growth in the manufacturing vertical while revenues from the BFSI, energy and life sciences vertical were also higher on a yoy basis.

Exchange gains were lower in the current quarter leading to lower contribution of other income.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 18.24% at Rs113.97cr on higher revenues getting slightly offset by higher operating and manpower costs.

In terms of the EBIT contribution of verticals, there was visible growth in the operating profit performance of the BFSI, energy and the manufacturing vertical. However, the life sciences vertical saw a sharp fall in EBIT on yoy basis.

Net margins tapered from 10.94% in the Dec-20 quarter to 10.63% in the Dec-21 quarter. Net margins were higher sequentially by 44 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Birlasoft Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,071.91	₹ 880.78	21.70%	₹ 1,011.69	5.95%
Net Profit (Rs cr)	₹ 113.97	₹ 96.39	18.24%	₹ 103.13	10.51%
Diluted EPS (Rs)	₹ 4.02	₹ 3.40		₹ 3.63
Net Margins	10.63%	10.94%		10.19%