Hold Birlasoft, target price Rs 800: Anand Rathi

Anand Rathi has hold call on Birlasoft with a target price of Rs 800. The current market price of Birlasoft Ltd. is Rs 633.05.
Birlasoft Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 17751.94 Crore) operating in IT Software sector.

Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1361.97 Crore, down -3.29 % from last quarter Total Income of Rs 1408.27 Crore and up 6.67 % from last year same quarter Total Income of Rs 1276.83 Crore. Company reported net profit after tax of Rs 150.21 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 40.9 per cent stake in the company as of 30-Jun-2024, while FIIs owned 18.82 per cent, DIIs 20.66 per cent.