BIRLASOFT LIMITED

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January 24, 2024 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001. National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Blo

1.9%

Investor Update Q3 FY 2023-24 Birlasoft’s Q3FY24 Revenue up 1.9% QoQ to $161.3 Mn EBITDA Margin expands to 16.0% Sustained strong quarterly cash flow generation wi

16.0%

Update Q3 FY 2023-24 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), Jan

141%

ITDA 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 solutions provider, tod

161.3 million

ered a strong and well-rounded operating performance, with a 1.9% sequential growth in revenue to $161.3 million in a seasonally soft quarter and an expansion in EBITDA margin even after absorbing the full impa

218 million

n even after absorbing the full impact of compensation hikes. Deal signings during the quarter at $218 million TCV too have been robust, comprising both renewals as well as net- new engagements. We continue to

10%

remain solid, and we stay focused on execution.” "Our revenue during the quarter under review grew 10% year-on-year to Rs 13,430 million. We delivered a strong margin performance too with EBITDA margi

Rs 13,430 million

stay focused on execution.” "Our revenue during the quarter under review grew 10% year-on-year to Rs 13,430 million. We delivered a strong margin performance too with EBITDA margin expanding to 16.0%, despite makin

₹ 13,430

ncial Officer, Birlasoft. Key Financial highlights for Q3 FY24 In INR ₹ In USD $ • Revenue at ₹ 13,430 M, up 2.5% QoQ and up 9.9% YoY • EBITDA at ₹ 2,143 M; EBITDA margin at 16.0% • PAT at ₹ 1,611 M, u

2.5%

Birlasoft. Key Financial highlights for Q3 FY24 In INR ₹ In USD $ • Revenue at ₹ 13,430 M, up 2.5% QoQ and up 9.9% YoY • EBITDA at ₹ 2,143 M; EBITDA margin at 16.0% • PAT at ₹ 1,611 M, up 11.0% Qo

9.9%

Financial highlights for Q3 FY24 In INR ₹ In USD $ • Revenue at ₹ 13,430 M, up 2.5% QoQ and up 9.9% YoY • EBITDA at ₹ 2,143 M; EBITDA margin at 16.0% • PAT at ₹ 1,611 M, up 11.0% QoQ translating to

₹ 2,143

for Q3 FY24 In INR ₹ In USD $ • Revenue at ₹ 13,430 M, up 2.5% QoQ and up 9.9% YoY • EBITDA at ₹ 2,143 M; EBITDA margin at 16.0% • PAT at ₹ 1,611 M, up 11.0% QoQ translating to basic EPS (not annualiz

For further information please contact

1

For further information please contact

Abhinandan Singh Tanushree Mahanty Investors / Analysts +91 9820293450 Media +91 9899195348 abhinandan.singh@birlasoft.com tanushreem1@birlasoft.com 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 * a one-time provision of $19 mn was made in Q3 FY23 QoQYoY1.8%7.9%QoQYoYRevenue $ M148.4158.3161.31.9%8.7%EBITDA Margin % (excl. one-time prov.)*13.4%15.8%16.0%EBITDA Margin % 0.6%15.8%16.0%EBIT Margin %-1.1%14.2%14.4%Effective Tax Rate %-139.5%25.8%25.2%PAT $ M-2.017.5 19.3PAT - Net Profit Margin %-1.3%11.1%12.0%EPS - Earnings Per Share (In ₹)Basic ₹-0.595.24 5.82Diluted ₹-0.595.18 5.73Days Sales Outstanding - Billed555251Growth (%)Growth (%)Q3 FY24Key Financial Metrics - Q3 FY24Financials $ MQ3 FY23Q2 FY24Constant Currency (CC) Revenue growth during Q3 FY24 Key Operating Metrics Q3 FY23Q2 FY24Q3 FY24Americas83.7%85.8%85.7%Rest of the World16.3%14.2%14.3%Total100.0%100.0%100.0%Q3 FY23Q2 FY24Q3 FY24Manufacturing40.0%