Birlasoft Q1 results: Net profit up 101.7% to Rs 113 crore

Pune: IT services firm Birlasoft reported a net profit of Rs 113.6 crore for the quarter ended June, 2021, up 101.7 per cent over the corresponding quarter last year and revenues of Rs 945.3 crore, up 3.4 per cent. In dollar terms, profit was up 106.6 per cent at $15.4 million and revenues up 5.9 per cent at $128.4 million. The company reported new deal signings worth $153 million during the quarter with an active client count of 291. The top 20 customers grew by 14.6 per cent year on year.

“We have begun FY22 on a positive note with healthy growth and improved traction in our Enterprise Solutions business and net new wins. Our consistent QoQ growth, sustainable profitability, and continuous improvement in PAT are a testament to our value creation for shareholders. Keeping customer centricity at the core, we have reorganized and redefined our service lines to align with contemporary market demands and customer priorities in the hyper-digital and subscription economy,” said Dharmender Kapoor, Chief Executive Officer and Managing Director, Birlasoft.

The total headcount at the end of the quarter was 11,508 with an addition of 457 people during the quarter. Attrition during the quarter was at 16.5 per cent.