Birlasoft Share Price

Birlasoft is a software company based out of Chennai, Tamil Nadu. It is a major player in IT consulting services in India and abroad and works with clients for their digital upgrades as well as cost efficiency and automation programmes.

The market capitalisation of Birlasoft is over ₹19,400 crore as of January 5, 2024. Birlasoft share price has gained over 160% over the past three years.

Business Operations

Birlasoft is a part of the diversified multi-billion dollar CK Birla Group. The group is known for its partnerships with well-known global companies. With a workforce exceeding 30,000 people, 46 manufacturing sites and 21 service centres, CK Birla Group has its businesses spread across five continents. It operates within six industries – automotive, technology, home and building, infrastructure, healthcare and education.

Of these sites and service centres, Birlasoft operates from various locations worldwide, including a total of 26 establishments. It has eight offices in India and outside the country, it extends its presence with 18 offices across different regions. The company's services reach diverse markets.

Domestically, it serves across five states, while internationally, its presence spans 18 different countries.

Birlasoft's primary revenue source stems from export markets, catering mainly to customers in the banking, financial services, and insurance (BFSI), manufacturing, life sciences and energy sectors. Birlasoft's services are defined by its expertise across essential services verticals including digital, cloud, data and analytics and IT infrastructure.

Its revenue distribution is spread across various verticals. The manufacturing sector accounts for 46.8% of its revenue. The BFSI sector contributes 19.3% and energy has a share of 14.3%. Life sciences and services sector contributes 19.6%.

Birlasoft has a global presence with offices in the Americas, Europe, Asia and the Middle East. Its international network spans the US, Canada, Mexico, Brazil, the UK, Germany, the Netherlands, France, Poland, Switzerland, Sweden, Spain, Slovakia, Singapore, UAE, Australia, New Zealand and Malaysia.

The company has successfully maintained and expanded its clientele including several big names and tech giants by improving its platforms and methodologies like SAP, Oracle, Microsoft, Amazon Web Services (AWS), Google Cloud and Salesforce.

Birlasoft has also been steadily developing its core competency in emerging technologies including robotic process automation (RPA), machine learning/AI/ML and generative AI.

The company employed a total workforce of 12,193 people as of March 31, 2023. Of these, women constituted 23% of the employees.

Birlasoft has 14 subsidiaries as of March 31, 2023. Of the 14, two are material subsidiaries, Birlasoft Solutions Inc. and Birlasoft Inc. The financial year also saw the merger of Enablepath LLC (a step-down subsidiary) and Birlasoft Inc.

Financial highlights

Birlasoft's revenue from operations for FY23 stood at ₹4,794.8 crore, up 16% from ₹4,130.4 crore in FY22. The net profit after tax (PAT) for FY23 was ₹331.6 crore compared to ₹463.6 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to ₹543.3 crore from FY22's ₹706.3 crore. The company's earnings per share (EPS) stood at ₹11.96 in FY23 compared to ₹16.63 in the previous financial year.